REG - Norcros PLC - Remuneration Resolution Vote - AGM 2021

NorcrosAnnouncement

20/01/2022 13:40

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RNS Number : 1354Z  Norcros PLC  20 January 2022

 

Norcros plc

("Norcros" or "the Company")

Remuneration Resolution Vote - AGM 2021

 

Following its AGM in July 2021 the Company made the following announcement:

"The Remuneration Committee and Board are obviously disappointed with the
outcome of the voting on the remuneration report. Whilst we believe our
executive remuneration arrangements are fully aligned with our Directors'
Remuneration Policy, which was approved by a significant majority of our
shareholders at our 2020 AGM, we place great value on direct engagement with
and feedback from our shareholders. We will continue our active dialogue with
shareholders; particularly those who decided to vote against this resolution
to understand more fully their views. We will publish an update on that
engagement and on any action taken as a result of this within six months of
the AGM, in accordance with the UK Corporate Governance Code."

Since that date the Company has engaged in a proactive consultation process
with its principal shareholders in order to understand the reasons behind the
voting result.  No material further comments have been received from
shareholders, given the extensive consultation that took place at the time of
the AGM.

In the circumstances the Board has therefore taken note of all shareholders'
views but has not otherwise taken any further actions with regard to this
vote.

 

Further enquiries:

 Norcros plc                            Tel: 01625 547 700
 Nick Kelsall, Chief Executive Officer

 James Eyre, Chief Financial Officer

 Hudson Sandler                         Tel: 0207 796 4133
 Nick Lyon

 

 

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