REG - Avon Rubber PLC - Result of AGM

Avon TechnologiesAnnouncement

01/02/2019 10:00

RNS Number : 7594O
Avon Rubber PLC
01 February 2019
 


1 February 2019
 
Avon Rubber p.l.c.
(the 'Company')
Result of AGM
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held yesterday, all the resolutions proposed in the Notice of Meeting were duly passed.
A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website: www.avon-rubber.com











For


%
 


Against


%
 


Withheld




1


To receive the Report and Accounts


20,694,695


99.99


0


0


1,943




2


To approve the Directors' Remuneration Report


19,401,609


94.28


1,176,000


5.71


119,028




3


To approve the Directors' Remuneration Policy


20,492,516


99.01


203,267


0.98


854




4


To declare a final dividend


20,696,445


99.99


0


0


193




5


To re-elect David Evans as a Director


20,036,979


96.81


659,037


3.18


621




6


To re-elect Pim Vervaat as a Director


19,116,327


92.36


1,579,690


7.63


621




7


To re-elect Chloe Ponsonby


20,105,796


97.14


590,220


2.85


621




8


To re-appoint Paul McDonald as a Director


20,675,148


99.89


20,869


0.1


621




9


To re-appoint Nick Keveth as a Director


20,654,972


99.79


41,045


0.2


621




10


To appoint KPMG as auditor of the Company


20,674,449


99.89


21,607


0.1


582




11


To authorise the Directors to determine the auditors' remuneration


20,680,342


99.91


16,025


0.08


271




12


To authorise the Directors to allot shares


20,682,561


99.93


13,145


0.06


932




13


To disapply pre-emption rights*


20,390,573


98.52


305,060


1.47


1,005




14


To disapply pre-emption rights limited to acquisition/specified capital investment*


20,207,485


97.63


488,147


2.36


1,005




15


To authorise the Company to purchase its own shares*


20,497,458


99.04


196,265


0.95


2,914




16


To authorise short notice general meetings*


18,681,668


90.25


2,014,850


9.74


120




17


To approve the rules of the Avon Long Term Incentive Plan*


20,229,336


97.75


463,781


2.24


3,520




18


To approve the amendment to the Articles of Association*


20,423,570


98.69


269,065


1.3


4,003



 
 
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 under English 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.
Confirmation of Auditor Ceasing to Hold Office
At the AGM shareholders approved the appointment of KPMG LLP as Auditor of the Company for the financial year commencing 1 October 2018.  PricewaterhouseCoopers LLP has confirmed it has ceased to hold office as Auditor of the Company, in accordance with Section 519 of the Companies Act 2006, and provided the following Statement of Reasons to the Company:
"The reason we are ceasing to hold office is that the Company undertook a competitive tender process for the position of statutory auditor and we mutually agreed with the Audit Committee not to participate due to the time of our tenure.
There are no reasons for and no other matters connected with our ceasing to hold office as auditors of the Company that we consider need to be brought to the attention of the Company's members or creditors."
A copy of PricewaterhouseCoopers' Statement of Reasons will be sent to shareholders for information only, as required by Section 520(2) of the Companies Act 2006 and will shortly be available to view on the National Storage Mechanism.
 
Miles Ingrey-Counter
Company Secretary
 
LEI: 213800JM1AN62REBWA71











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