REG - Halma PLC - 2022 AGM – Voting Results Update Statement

HalmaAnnouncement

12/01/2023 07:00

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RNS Number : 4597M  Halma PLC  12 January 2023

Halma plc ('Halma')

 

2022 Annual General Meeting - Voting Results Update Statement

At the Company's Annual General Meeting ("AGM") held on 21 July 2022, the
total votes received in favour of Resolution 3 (Remuneration Report) was
67.14%. The total votes received in favour of Resolution 10 (the re-election
of Jo Harlow, as a director) was 76.78%, and we understand from shareholders
that this was linked to her role as Remuneration Committee Chair.

Given more than 20 per cent of votes were cast against these Resolutions, the
Company is providing an update on the views received from shareholders and
actions taken as set out under the provisions of the UK Corporate Governance
Code.

Since the AGM, we have completed a thorough shareholder engagement, outlining
Halma's continuing strong profit and valuation growth over the past twenty
years, as well as clarifying that retention risk was part of the rationale for
the variable pay and salary reset implemented over two years, in 2021 and
2022.

 

The benefits of this reset were demonstrated during the period. As part of a
well-planned CEO transition process over the past 12 months, Halma was able to
successfully recruit an experienced FTSE 100 Group CFO, Steve Gunning, to
replace Marc Ronchetti, who will be promoted to the Group CEO with effect from
1 April 2023. No further future changes were raised or requested by the
shareholders with whom we met.

 

The Board would like to thank all the shareholders that have taken part in the
engagement and for the feedback provided.  In line with our normal practice,
the Board will continue to engage with shareholders and their representative
bodies and will provide a final update in the 2023 Directors' Remuneration
Report.

 For further information, please contact:
 Mark Jenkins

 Company Secretary, Halma plc

 Tel: +44 (0)1494 721111

 

About Halma

Halma is a global group of life-saving technology companies, focused on
growing a safer, cleaner, healthier future for everyone, every day. Its
purpose defines the three broad market areas where it operates:

·      Safety - Protecting people's safety and the environment as
populations grow, and enhancing worker safety

·      Environment - Addressing the impacts of climate change, pollution
and waste, protecting life-critical resources and supporting scientific
research

·      Health - Meeting the increasing demand for better healthcare as
chronic illness rises, driving by growing and ageing populations and lifestyle
changes.

It employs over 7,000 people in more than 20 countries, with major operations
in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the
London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.

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