REG - Norcros PLC - Results of AGM

NorcrosAnnouncement

21/07/2021 11:45

RNS Number : 0026G
  
Norcros PLC
  
21 July 2021
  
 

Norcros plc
("Norcros", the "Group" or the "Company")
Results of AGM
Following the Annual General Meeting held on 21 July 2021, Norcros plc announces the results of the poll vote for each resolution as follows:
 



Annual General Meeting Resolutions numbered as per Notice of Meeting


For*


Against


Withheld




Number


%


Number


%


Number




Ordinary Resolutions
























1


To receive the audited accounts and the auditor's and Directors' reports for the year ended 31 March 2021


65,816,219


99.67


216,569


0.33
 


1,200




2


To declare a final dividend of 8.2 pence per ordinary share for the year ended 31 March 2021.


66,033,988


100


0


0


0




3


To approve the Directors' Remuneration Report for the year ended 31 March 2021


45,930,648


69.56


20,097,340


30.44


6,000




4


To re-elect Alison Littley as a director


63,304,082


95.87


2,729,905


4.13


1




5


To re-elect David McKeith as director


64,806,982


98.14


1,227,006


1.86


0




6


To re-elect Nick Kelsall as a director


65,935,548


99.85


98,440


0.15


0




7


To re-appoint BDO LLP as auditor


66,031,805


99.99


683


0.01


1,500




8


To authorise the Audit and Risk Committee of the Board to determine the auditor's remuneration


66,031,805


99.99


1,683


0.01


500




9


To authorise the Directors to allot shares up to the specified limit


65,628,196


99.39


400,292


0.61


5,500




Special Resolutions
























10


To empower the Directors to disapply pre-emption rights up to the specified limit.


65,679,152


99.46


354,336


0.54


500




11


To empower the Directors to disapply pre-emption rights up to the specified limit in relation to an acquisition or other specified capital investment


65,682,737


99.47


350,751


0.53


500




12


To grant authority to purchase own shares


66,017,503


99.99


7,800


0.01


8,685




13


To approve calling of general meetings on not less than 14 clear days' notice.


65,913,054


99.82


120,934


0.18


0



 
*Votes 'For' include those votes giving the Chairman discretion.  The votes withheld are not a vote in law and are not counted in the overall voting figures.
The Company's issued share capital consists of 80,887,039 ordinary 10p shares, each of which carries the right to one vote.
Full details of the resolutions were set out in the Notice of Annual General Meeting which is available on the Company's website at www.norcros.com. 
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism  
Company's Statement Concerning Resolution 3 (Remuneration Report)
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.
ENQUIRIES:
 



Norcros plc


Tel: 01625 547700




Nick Kelsall, Chief Executive Officer       








Shaun Smith, Chief Financial Officer        


















Hudson Sandler


Tel: 020 7796 4133




Nick Lyon







 
For further information, please visit the Company website:  www.norcros.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
RAGBFLFLFDLXBBK