REG - Avon Rubber PLC - Result of AGM and Retirement of Director <Origin Href="QuoteRef">AVON.L</Origin>

Avon TechnologiesAnnouncement

26/01/2016 14:10

RNS Number : 0486N
Avon Rubber PLC
26 January 2016
26 January 2016
Avon Rubber p.l.c.
(the 'Company')
Result of AGM and Retirement of Director
Result of AGM
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held on the 26 January 2016, all the resolutions proposed in the Notice of Meeting were passed on a show of hands. 
Full details of the proxy votes received from shareholders prior to the meeting for each resolution are set out below and will also be made available on the Company's website: www.avon-rubber.com
RESOLUTIONS
FOR
%
AGAINST
%
WITHHELD
1
To receive the Report and Accounts
21,120,405
99.9
58
0.01
10,447
2
To approve the Remuneration Policy
15,042,235
77.15
4,454,154
22.85
1,634,519
3
To approve the Directors' Remuneration Report
19,569,894
98.32
334,138
1.68
1,226,876
4
To declare a final dividend
21,130,910
100
0
0
0
5
To re-appoint David Evans as a Director
21,075,330
99.75
52,205
0.25
3,375
6
To re-appoint Petrus Vervaat as a Director
20,976,115
99.27
154,795
0.73
0
7
To re-appoint PricewaterhouseCoopers LLP as auditors of the Company
20,630,301
97.78
467,608
2.22
33,000
8
To authorise the Directors to determine the auditors' remuneration
21,121,270
99.99
3,140
0.01
6,500
9
To approve amendments to the Avon Rubber p.l.c. 2010 Performance Share Plan
20,904,921
98.99
212,562
1.01
13,426
10
To approve the Avon Rubber p.l.c. 2015 Share Option Plan
20,867,858
99.71
60,028
0.29
203,022
11
To approve the Avon Rubber p.l.c. 2015 US Stock Option Plan
20,864,807
99.71
60,281
0.29
205,820
12
To authorise the Directors to allot shares
21,112,430
99.94
13,505
0.06
4,975
13
To disapply pre-emption rights
21,113,271
99.94
12,417
0.06
5,222
14
To authorise the Company to purchase its own shares
21,114,076
99.93
15,334
0.07
1,500
15
To authorise short notice general meetings
20,448,276
96.89
655,633
3.11
27,000
Notes 
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
3. Discretionary proxy votes lodged in favour of a third party have not been included in the 'for', 'against' or 'total' figures.
4. At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.
Retirement of Director
As previously reported in the 2015 Annual Report, Richard Wood retired as Director of the Company at the conclusion of the AGM. Pim Vervaat has replaced Mr Wood as the Senior Independent Director.
Resolution No. 2
The Board has already engaged with a number of the shareholders who voted against resolution no. 2 to understand the reasons behind their vote. Shareholders who voted against resolution no.2 are encouraged to contact the Company Secretary to confirm their reasons for doing so. The Board will confirm its response to the issues raised in due course.
Miles Ingrey-Counter
Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCZQLFLQFFBBBD