REG - Avon Rubber PLC - Result of AGM

Avon TechnologiesAnnouncement

29/01/2021 12:00

RNS Number : 3845N
  
Avon Rubber PLC
  
29 January 2021
  
 

29 January 2021
 
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 today, 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


23,732,634  


99.99


3,119


0.01


199,790        




2


To approve the Directors' Remuneration Report


16,787,428  


76.30      


5,215,543  


23.70


1,932,572




3


To approve the Directors' Remuneration Policy


20,985,904  


87.69      


2,946,955  


12.31


2,684




4


To declare a final dividend


23,934,955


99.99


64


0.01


525




5


To re-elect Chloe Ponsonby as a Director


23,932,175


99.99


1,848


0.01


1,521




6


To re-elect Paul McDonald as a Director


23,754,372


99.99


642


0.01


180,530




7


To re-elect Nicholas Keveth as a Director


23,933,445


99.99


578


0.01


1,521




8


To elect Bruce Thompson as a Director


23,920,671


99.96


10,717


0.04


4,156




9


To elect Bindi Foyle as a Director


23,927,810


99.99


3,578


0.01


4,156




10


To elect Victor Chavez CBE as a Director


23,930,746


99.99


642


0.01


4,156




11


To re-appoint KPMG LLP as auditor of the Company


23,932,859


99.99


1,553


0.01


1,132




12


To authorise the Directors to determine the auditors' remuneration


23,934,064


99.99


690


0.01


790




13


To authorise the Company to make political donations (as defined in Companies Act 2006)


23,677,259


98.94


253,891


1.06


4,394




14


To amend the Articles of Association


23,931,973


99.99


1,014


0.01


2,557




15


To authorise the Directors to allot shares


22,695,426


94.83


1,238,496


5.17


1,622




16


To disapply pre-emption rights


23,929,214


99.98


4,608


0.02


1,722




17


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


23,688,732


98.97


245,961


1.03


850




18


To authorise the Company to purchase its own shares


23,726,220


99.17


199,103


0.83


10,220




19


To authorise the Company to hold General Meetings on short notice


23,604,841


98.62


329,300


1.38


1,403




20


To amend the rules of the Company's Long-Term Incentive Plan


23,184,365


96.88


747,771


3.12


3,406



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.
Resolution 2 (Remuneration Report)
The Board notes that while Resolution 2 to approve the Directors' Remuneration Report was passed, a significant minority of shareholders voting (23.7%), chose not to support this resolution. 
The Remuneration Committee gave careful consideration to executive remuneration during 2021 and consulted extensively with the Company's largest shareholders and the major proxy voting agencies. The views of all our shareholders are important to us and we will consult further with those shareholders who voted against this resolution to better understand their specific concerns. 
The Company will provide an update within six months as required by the Corporate Governance Code 2018.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business along with the new articles of association will be submitted as soon as practicable to the National Storage Mechanism and will be available shortly for inspection at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism
 
Miles Ingrey-Counter
Company Secretary
 
LEI: 213800JM1AN62REBWA71








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