REG - Halma PLC - Result of AGM

HalmaAnnouncement

22/07/2021 15:05

RNS Number : 1804G
  
Halma PLC
  
22 July 2021
  
 




Halma plc

Results of Annual General Meeting 2021



 
At the Annual General Meeting (AGM) of Halma plc held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed. Resolutions 1 to 17 were passed as ordinary resolutions and resolutions 18 to 21 were passed as special resolutions. The results of the poll are set out below. 
 







Resolution 


Votes

For*


%


Votes

Against


%


Votes

Total


%  Voted


Votes

Withheld**




1 


Annual Report and Accounts


301,042,146


100.00


37


0.00


301,042,183


79.30%


175,256




2


Declaration of final dividend


300,526,090


99.78


673,428


0.22


301,199,518


79.34%


24,421




3


Remuneration Report


278,654,743


92.88


21,366,458


7.12


300,021,201


79.03%


1,202,738




4


Remuneration Policy


176,723,996


60.18


116,952,309


39.82


293,676,305


77.36%


7,547,634




5


Election of

Dame Louise Makin


300,703,831


99.86


420,659


0.14


301,124,490


79.32%


99,449




6


Election of

Dharmash Mistry


301,063,746


99.98


52,900


0.02


301,116,646


79.32%


107,293




7


Re-election of

Carole Cran


267,765,435


88.91


33,401,341


11.09


301,166,776


79.33%


57,163




8


Re-election of

Jo Harlow


263,310,946


87.43


37,855,546


12.57


301,166,492


79.33%


57,447




9


Re-election of

Tony Rice


251,678,500


83.57


49,486,733


16.43


301,165,233


79.33%


58,706




10


Re-election of

Marc Ronchetti


300,574,717


99.80


588,670


0.20


301,163,387


79.33%


60,552




11


Re-election of

Roy Twite


267,620,064


88.88


33,480,216


11.12


301,100,280


79.31%


123,659




12


Re-election of Jennifer Ward


300,697,769


99.85


459,253


0.15


301,157,022


79.33%


66,917




13


Re-election of

Andrew Williams


284,155,649


94.35


17,011,231


5.65


301,166,880


79.33%


57,059




14


Re-appointment of Auditor


299,530,803


99.47


1,592,144


0.53


301,122,947


79.32%


100,992




15


Remuneration of Auditor


300,681,877


99.85


444,021


0.15


301,125,898


79.32%


98,041




16


Authority to allot shares


294,564,439


97.81


6,590,482


2.19


301,154,921


79.33%


69,017




17


Authority to make political donations


292,781,368


97.23


8,343,991


2.77


301,125,359


79.32%


98,280




18


Disapplication of pre-emption rights


298,466,323


99.11


2,685,981


0.89


301,152,304


79.32%


71,435




19


Additional disapplication of pre-emption rights


292,226,899


97.04


8,925,505


2.96


301,152,404


79.32%


71,535




20


Authority to purchase own shares


295,479,918


98.44


4,688,007


1.56


300,167,925


79.07%


1,056,014




21


Notice of general meetings


278,838,624


92.59


22,330,739


7.41


301,169,363


79.33%


54,576



 
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
During 2020/21, the Remuneration Committee consulted extensively with Halma's largest shareholders, proxy advisors and shareholder representative organisations on the proposed Directors' Remuneration Report (Resolution 3) and the proposed Directors' Remuneration Policy (Resolution 4). 
 
The Board was pleased to note that 92.88% of shareholders voted in support of the proposed Directors' Remuneration Report. Accordingly, the fiscal year 2022 salary change noted in the report will be implemented by the Remuneration Committee with effect from 1 June 2021.   
 
The Board was also pleased to note that 60.18% of shareholders voted in support of the proposed Directors' Remuneration Policy, the first substantial change for six years. Accordingly, the Policy will take effect for three years from fiscal year 2022 and will be implemented by the Remuneration Committee. 
 
The Board acknowledges that some shareholders did not support the Policy, in part due to the impact of concurrent increases in Executive Director salaries, the potential Bonus maximum award and the potential Long Term Incentive Plan (LTIP) maximum award, with 39.82% of shareholders voting against Resolution 4. 
 
The Board will engage with shareholders in relation to these matters in the coming months. As part of this consultation, the Board will seek to fully understand the reasons behind these votes against and will provide an update in accordance with the UK Corporate Governance Code within six months of the Annual General Meeting.
 
A copy of the resolutions passed at the AGM other than resolutions concerning ordinary business will shortly be available for inspection via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
 



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 and healthier future for people worldwide. Our innovative products and solutions address many of the key issues facing the world today. We operate in three sectors: Safety, Medical and Environmental & Analysis. We employ over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia-Pacific. We target global niche markets where sustainable growth and high returns are supported by long-term drivers. Halma is listed on the London Stock Exchange and has been a member of the FTSE 100 index since December 2017.
 
 



 

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