REG - Grafton Group PLC - Result of AGM

GraftonAnnouncement

05/05/2023 07:00

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RNS Number : 5006Y  Grafton Group PLC  05 May 2023

5 May 2023

 

Grafton Group plc

(the "Company")

 

Results of the Annual General Meeting of the Company

held at 10.30am (Irish Time) on 4 May 2023

 

Grafton Group plc (the "Company") held its Annual General Meeting ("AGM") on 4
May 2023 during which all ordinary and special resolutions were duly passed.

 

All resolutions, as set out in the Notice of AGM, were voted on by way of a
poll and the results were as follows:

 RESOLUTION                                                                              FOR          %       AGAINST     %      WITHHELD

 1       To receive and consider the financial statements for the year ended 31          135,480,445  99.10   1,226,228   0.90   152,492
         December 2022.
 2       To declare and pay a final dividend of 23.75 pence per Ordinary Share for the   136,855,553  100.00  2,812       0.00   800
         year ended 31 December 2022.
 3a      To re-elect Paul Hampden Smith as a Director.                                   133,342,179  97.43   3,515,373   2.57   1,613
 3b      To re-elect Susan Murray as a Director.                                         133,294,702  97.40   3,562,850   2.60   1,613
 3c      To re-elect Vincent Crowley as a Director.                                      133,338,373  97.43   3,519,179   2.57   1,613
 3d      To re-elect Rosheen McGuckian as a Director.                                    133,340,610  97.43   3,516,942   2.57   1,613
 3e      To re-elect Avis Darzins as a Director.                                         133,916,166  97.85   2,941,386   2.15   1,613
 3f      To re-elect David Arnold as a Director.                                         135,039,380  98.67   1,818,172   1.33   1,613
 3g      To elect Eric Born as a Director.                                               136,698,508  99.88   159,044     0.12   1,613
 3h      To re-elect Michael Roney as a Director.                                        117,658,694  78.97   31,340,034  21.03  1,360,437
 4       To consider the continuation in office of PricewaterhouseCoopers as Auditors    135,634,215  100.00  2,160       0.00   1,222,790
         of the Company.
 5       To authorise the Directors to fix the remuneration of the Auditors for the      136,858,086  100.00  584         0.00   495
         year ended 31 December 2023.
 6       To receive and consider the Chair's Annual Statement and the Annual Report on   110,868,940  81.01   25,989,020  18.99  1,205
         Remuneration of the Remuneration Committee for the year ended 31 December
         2022.
 7       To receive and consider the 2023 Remuneration Policy.                           133,960,759  97.88   2,896,246   2.12   2,160
 8       To approve the convening of an Extraordinary General Meeting on 14 clear days'  133,258,554  97.37   3,600,116   2.63   495
         notice.
 9       To authorise the Directors to allot relevant securities.                        135,608,948  99.09   1,245,143   0.91   5,074
 10      To authorise the Directors to dis-apply statutory pre-emption rights and allot  136,808,890  99.97   37,799      0.03   12,476
         up to five per cent of the issued ordinary share capital of the Company.
 11      To authorise market purchases of the Company's own shares.                      135,581,724  99.09   1,240,077   0.91   37,364
 12      To determine the price range for the re-issue of treasury shares off-market.    136,810,732  100.00  5,907       0.00   42,526

 

Although 79 per cent of votes cast supported Resolution 3h, we acknowledge
that a notable minority of votes cast were against this resolution. The views
of all our shareholders are important to us and we will consult with those
shareholders who voted against this resolution to understand their specific
concerns and publish an update in due course in accordance with the UK
Corporate Governance Code.

( )

Notes:

1.   Votes "For" and "Against" are expressed as a percentage of votes
received.

2.   A vote "Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" the resolution.

3.   A total of 136,859,165 votes were validly cast for all resolutions
other than Resolution 3h where the number of votes validly cast was
150,359,165.

 

The full text of these resolutions is set out in the Notice of AGM, which was
included in the AGM Circular made available to shareholders on 16 March 2023
and which is available on the Company's website at:
https://www.graftonplc.com/investors/shareholder-services/shareholder-meetings/
(https://www.graftonplc.com/investors/shareholder-services/shareholder-meetings/)
.

As required by the Listing Rules of the London Stock Exchange, copies of all
resolutions other than resolutions concerning ordinary business have been
forwarded to the UK's National Storage Mechanism where they will shortly be
available for inspection at

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information, please contact:

Susan Lannigan

Deputy Company Secretary

Grafton Group plc

Telephone: +353 1 2160600

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