REG - Renishaw PLC - Result of AGM

RenishawAnnouncement

24/10/2019 15:40

RNS Number : 0744R
Renishaw PLC
24 October 2019
 


Renishaw plc
 
Results of AGM 2019
 
All resolutions proposed at the Annual General Meeting held on 24 October 2019 were duly passed on a poll. Resolutions 1 to 13 were passed as ordinary resolutions and resolution 14 was passed as a special resolution. The result of the poll is as follows:
 



Resolution


Votes For


%


Votes Against


%


Votes Total


% of ISC1 Voted


Votes Withheld2




1.     Receive the reports of directors and financial statements


62,526,559


98.24


1,122,690


1.76


63,649,249


87.44%


533,198




2.     Approve the remuneration report


61,245,398


95.75


2,721,177


4.25


63,966,575


87.88%


215,872




3.     Declare the final dividend


64,069,169


99.82


112,500


0.18


64,181,669


88.18%


779




4.     Re-elect David McMurtry as a director


49,350,727


77.60


14,243,701


22.40


63,594,428


87.37%


588,020




5.     Re-elect John Deer as a director


49,123,310


77.25


14,466,739


22.75


63,590,049


87.36%


592,399




6.     Re-elect Will Lee as a director


63,911,292


99.66


216,928


0.34


64,128,220


88.10%


54,228




7.     Re-elect Allen Roberts as a director


63,849,300


99.57


277,096


0.43


64,126,396


88.10%


56,052




8.     Re-elect Carol Chesney as a director


62,836,766


97.99


1,287,733


2.01


64,124,499


88.10%


57,949




9.     Re-elect Catherine Glickman as a director


61,942,845


96.60


2,180,403


3.40


64,123,248


88.10%


59,199




10.   Re-elect David Grant as a director


62,800,331


97.93


1,324,645


2.07


64,124,976


88.10%


57,472




11.   Re-elect John Jeans as a director


62,805,336


97.94


1,319,075


2.06


64,124,411


88.10%


58,037




12.   Re-appoint Ernst & Young LLP as auditors


64,168,371


99.98


11,260


0.02


64,179,631


88.17%


2,817




13.   Authorise the audit committee to determine the auditors' remuneration


64,172,040


99.99


7,309


0.01


64,179,349


88.17%


3,099




14.   Authorise the Company to purchase its own shares3


63,084,777


98.29


1,094,905


1.71


64,179,682


88.17%


2,765



1 Issued Share Capital
2 A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.
3 Special resolution requiring 75% majority
 



Votes of independent shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors




8.     Re-elect Carol Chesney as a director


24,227,257


94.95


1,287,733


5.05


25,514,990


74.65%


57,949




9.     Re-elect Catherine Glickman as a director


23,333,336


91.45


2,180,403


8.55


25,513,739


74.65%


59,199




10.   Re-elect David Grant as a director


24,190,822


94.81


1,324,645


5.19


25,515,467


74.65%


57,472




11.   Re-elect John Jeans as a director


24,195,827


94.83


1,319,075


5.17


25,514,902


74.65%


58,037



 
In accordance with Listing Rule 9.2.2E, resolutions 8 to 11 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.
 
The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 72,788,543.
 
In accordance with Listing Rule 9.6.2R, a copy of resolution 14, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
 
The Board is again pleased that the majority of resolutions have been passed with a high level of support from shareholders. The Board has considered the votes against resolutions 4, the re-election of Sir David McMurtry (22.40%) and 5, the re-election of John Deer (22.75%), at the 2019 AGM. In order to better understand the reasons for these votes against, the Board has considered the views of shareholders and proxy advisory firms as to voting and voting recommendations respectively (where these had been made available to the Company for the 2019 AGM) and received feedback from the General Counsel & Company Secretary, following engagement with a number of shareholders on the rationale for their voting. The Board will continue to engage with shareholders to understand their views on this and any other significant matter at AGMs and the annual Investor Days, which include Q&A sessions with the Board. There are also Q&A sessions with the Executive Chairman, Chief Executive and Group Finance Director as part of the full and half-year results webcasts. The Board regularly reviews the Company's investor relations policy.
 
 
Renishaw plc
24 October 2019
 



Registered office:


New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR




Registered number:


01106260




LEI:


21380048ADXM6Z67CT18




Contact name:


Mark Noble




Contact telephone:


01453 524648



www.renishaw.com




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