REG - Hunting PLC - Results of AGM & Directorate Change

HuntingAnnouncement

17/04/2024 15:15

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RNS Number : 0179L  Hunting PLC  17 April 2024

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 For immediate release  17 April 2024

 

 

 

 

 

Hunting PLC

 

("Hunting" or "the Company")

 

Results of Annual General Meeting

and Directorate Change

 

Hunting PLC (LSE:HTG) announces the results of voting on the resolutions at
its Annual General Meeting ("AGM") held on Wednesday,17 April 2024, as set out
in the AGM notice.

 

Voting at the AGM was completed by way of a poll.

 

All resolutions were passed by the required majority, resolutions 1 to 16 as
ordinary resolutions and resolutions 17 to 20 as special resolutions were
passed. The result of the poll is outlined in the table below:

 

      Resolution                                                             For          %      Against     %      Votes Withheld
 1.   To receive the 2023 Annual Report.                                     119,116,158  99.93  86,589      0.07   372,680
 2.   To approve the Directors' Remuneration Policy.                         101,177,583  84.62  18,392,295  15.38  5,549
 3.   To approve the new 2024 Hunting Performance Share Plan.                114,518,244  95.78  5,045,710   4.22   11,473
 4.   To approve the Annual Report on Remuneration.                          90,371,397   76.02  28,500,673  23.98  703,357
 5.   To declare a final dividend of 5.0 cents per share.                    117,611,942  98.36  1,963,185   1.64   300
 6.   To re-appoint Margaret Amos as a Director.                             117,042,894  98.15  2,206,760   1.85   325,773
 7.   To re-elect Annell Bay as a Director.                                  115,932,856  96.97  3,627,339   3.03   15,232
 8.   To re-elect Stuart Brightman as a Director.                            106,597,118  89.26  12,830,922  10.74  147,387
 9.   To re-elect Carol Chesney as a Director.                               116,394,242  97.38  3,126,607   2.62   54,578
 10.  To re-elect Bruce Ferguson as a Director.                              117,590,677  98.34  1,983,153   1.66   1,597
 11.  To re-elect Paula Harris as a Director                                 116,416,196  97.40  3,104,653   2.60   54,578
 12.  To re-elect Jim Johnson as a Director.                                 117,608,435  98.36  1,965,395   1.64   1,597
 13.  To re-elect Keith Lough as a Director.                                 116,468,504  97.42  3,087,399   2.58   19,524
 14.  To re-appoint Deloitte LLP as auditor.                                 119,468,619  99.92  92,873      0.08   13,935
 15.  To authorise the Audit Committee to determine auditor's remuneration.  119,486,181  99.93  84,444      0.07   4,802
 16.  To authorise the Directors to allot shares.                            116,665,187  97.57  2,908,381   2.43   1,859
 17.  To generally authorise the Directors to disapply pre-emption rights.   115,866,259  96.90  3,705,216   3.10   3,952
 18.  To authorise the Directors to disapply additional pre-emption rights.  115,817,169  96.86  3,752,882   3.14   5,376
 19.  To authorise the Company to make market purchases of its own shares.   118,963,941  99.53  558,330     0.47   53,156
 20.  To authorise 14 clear days' notice periods for General Meetings.       118,155,587  98.82  1,416,023   1.18   3,817

 

The Directors note that the votes in favour for resolution 4 have not reached
80%. The Board has now started a process of shareholder engagement to discuss
this issue. A further update to this process will be posted on the Company's
website in due course.

 

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

 

As at the date of the AGM, the number of issued shares of the Company was
164,940,082 Ordinary shares of 25p each.

 

The total number of votes cast by poll, including 'Votes Withheld', was
119,575,427; % of votes cast by poll was 72.49% of the total issued share
capital.

 

In accordance with Listing Rules 9.6.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the UK Listing Authority
("UKLA"), via the National Storage Mechanism, which can be accessed at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Directorate Change

 

At the conclusion of the AGM, John ("Jay") Glick retired from the Board and
has stepped down as a Director of the Company.

 

Stuart Brightman has succeeded Mr Glick as Chair of the Company and as noted
in the 2023 Annual Report and Accounts will also Chair the Nomination
Committee.  Following Mr Brightman's appointment as Chair of the Company he
has stepped down from the Audit, Ethics and Sustainability and Remuneration
Committees.

 

In addition, Margaret Amos has been appointed as Chair of the Ethics and
Sustainability Committee with immediate effect.

 

 

For further information please contact:

 

 Hunting PLC                     Tel: +44 (0) 20 7321 0123

 Ben Willey, Company Secretary

 Buchanan                        Tel: +44 (0) 20 7466 5000

 Ben Romney

 

Notes to Editors:

 

About Hunting PLC

 

Hunting is a global engineering group that provides precision-engineered
equipment and premium services, which add value for our customers. Established
in 1874, it is a premium listed public company traded on the London Stock
Exchange. The Company maintains a corporate office in Houston and is
headquartered in London. As well as the United Kingdom, the Company has
principal operations in Canada, China, Indonesia, Mexico, Netherlands, Saudi
Arabia, Singapore, United Arab Emirates and the United States of America.

 

The Group reports in US dollars across five operating segments: Hunting
Titan; North America; Subsea Technologies; Europe, Middle East and Africa
("EMEA"); and Asia Pacific.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.

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