REG - Dialight PLC - Result of AGM

DialightAnnouncement

17/04/2019 14:35

RNS Number : 5285W
Dialight PLC
17 April 2019
 


DIALIGHT PLC
RESOLUTIONS PASSED AT 2019 ANNUAL GENERAL MEETING
17 April 2019
Resolutions
Copies of the resolutions put to shareholders of Dialight plc (Company) and passed by vote on a poll at the 2019 Annual General Meeting have today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  
The results of the poll for each resolution are as follows:



RESOLUTION NUMBER


FOR


%


AGAINST


%


VOTE
TOTAL


% of ISC VOTES
 


WITHHELD




01


25,563,384


100.00


249


0.00


25,563,633


78.57%


499




02


16,447,721


71.01


6,713,478


28.99


23,161,199


71.19%


2,402,932




03


23,622,416


92.41


1,940,075


7.59


25,562,491


78.57%


1,640




04


25,559,988


99.99


1,574


0.01


25,561,562


78.57%


2,570




05


25,258,262


98.81


305,082


1.19


25,563,344


78.57%


787




06


25,338,281


99.12


225,064


0.88


25,563,345


78.57%


787




07


25,031,966


97.92


531,379


2.08


25,563,345


78.57%


787




08


25,407,683


99.39


155,661


0.61


25,563,344


78.57%


787




09


25,107,721


98.22


455,624


1.78


25,563,345


78.57%


787




10


25,236,410


98.72


326,935


1.28


25,563,345


78.57%


787




11


25,056,151


98.02


506,800


1.98


25,562,951


78.57%


1,181




12


25,562,520


100.00


825


0.00


25,563,345


78.57%


787




13


22,953,433


90.57


2,391,029


9.43


25,344,462


77.90%


219,669




14


21,314,746


83.38


4,247,347


16.62


25,562,093


78.57%


2,039




15


20,172,356


78.91


5,390,237


21.09


25,562,593


78.57%


1,539




16


20,118,371


78.70


5,444,260


21.30


25,562,631


78.57%


1,500




17


25,504,517


99.77


58,742


0.23


25,563,259


78.57%


872




18


22,981,980


89.90


2,581,798


10.10


25,563,778


78.58%


354



 
In the case of resolution 2, the Board recognises that there were significant votes cast against.  The Remuneration Committee will engage with shareholders to better understand their concerns as it develops its revised Remuneration Policy.  It will then, as already planned, consult with shareholders on the revised Remuneration Policy ahead of it being put forward for shareholder approval at the 2020 AGM.
 
In respect to resolutions 15 and 16, the Board notes that, whilst these resolutions are consistent with the latest Pre-emption Group Principles and with the resolutions approved in previous years, there were significant votes against, and accordingly it will consult with shareholders voting against these resolutions to better understand their views in relation to the specific authorities sought.
 
 
NOTES:
 
1.    The 'For' vote includes those giving the Chairman discretion.
 
2.    Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
 
3.    Resolutions 15 to 18 are special resolutions.
 
4.    As at Tuesday, 16 April 2019 the total number of ordinary shares in issue was 32,534,237.
 
5.    The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.dialight.com.
 6.   In accordance with Listing Rule 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, will shortly be submitted to the National Storage Mechanism for inspection at http://www.morningstar.co.uk/uk/NSM.
 
 
Richard Allan
Company Secretary
Dialight plc
Tel: +44 (0) 203 058 3546
 




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