REG - Renishaw PLC - Result of AGM

RenishawAnnouncement

30/09/2020 14:40

RNS Number : 6395A
  
Renishaw PLC
  
30 September 2020
  
 

Renishaw plc (the "Company")
 
Results of Annual General Meeting 2020
 
All resolutions proposed at the Annual General Meeting ("AGM") held on 30 September 2020 were duly passed on a poll. Resolutions 1 to 14 were passed as ordinary resolutions and resolution 15 was passed as a special resolution. The result of the poll is as follows:
 



Resolution


Votes For


%


Votes Against


%


Votes Total


% of ISC1 Voted Excl Withheld


Votes Withheld2




1.     Receive the reports of directors and financial statements


62,891,203


97.97%


1,304,416


2.03%


64,195,619


88.19%


789,455




2.     Approve the remuneration policy


59,462,931


92.78%


4,627,677


7.22%


64,090,608


88.05%


894,466




3.     Approve the remuneration report


63,588,672


97.87%


1,382,462


2.13%


64,971,134


89.26%


13,940




4.     Increase the maximum fees that may be paid to directors


64,757,638


99.70%


195,381


0.30%


64,953,019


89.24%


32,056




5.     Re-elect David McMurtry as a director


48,369,245


75.02%


16,108,356


24.98%


64,477,601


88.58%


507,474




6.     Re-elect John Deer as a director


48,836,597


75.68%


15,690,503


24.32%


64,527,100


88.65%


457,974




7.     Re-elect Will Lee as a director


64,668,224


99.60%


258,593


0.40%


64,926,817


89.20%


58,258




8.     Re-elect Allen Roberts as a director


64,439,420


99.34%


426,405


0.66%


64,865,825


89.12%


58,258




9.     Re-elect Carol Chesney as a director


63,151,639


97.27%


1,775,755


2.73%


64,927,394


89.20%


57,681




10.   Re-elect Catherine Glickman as a director


60,953,034


95.18%


3,088,454


4.82%


64,041,488


87.98%


943,586




11.   Re-elect David Grant as a director


62,461,782


97.53%


1,581,142


2.47%


64,042,924


87.98%


942,151




12.   Re-elect John Jeans as a director


63,346,534


97.57%


1,579,783


2.43%


64,926,317


89.20%


58,758




13.   Re-appoint Ernst & Young LLP as auditors


64,920,028


99.98%


15,410


0.02%


64,935,438


89.21%


49,637




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


64,974,436


99.99%


8,270


0.01%


64,982,706


89.28%


2,369




15.   Authorise the Company to purchase its own shares3


64,635,360


99.47%


343,928


0.53%


64,979,288


89.27%


5,786



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




9.     Re-elect Carol Chesney as a director


24,698,380


93.29%


1,775,755


6.71%


26,474,135


77.10%


57,681




10.   Re-elect Catherine Glickman as a director


22,499,775


87.93%


3,088,454


12.07%


25,588,229


74.52%


943,586




11.   Re-elect David Grant as a director


24,008,523


93.82%


1,581,142


6.18%


25,589,665


74.53%


942,151




12.   Re-elect John Jeans as a director


24,893,275


94.03%


1,579,783


5.97%


26,473,058


77.10%


58,758



 
In accordance with Listing Rule 9.2.2E, resolutions 9 to 12 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 15, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
 
At the 2020 AGM, the Board was again pleased that the majority of resolutions were passed with a high level of support from shareholders. The Board has considered the votes against resolutions 5, the re-election of Sir David McMurtry (24.98%) and 6, the re-election of John Deer (24.32%). In order to better understand the reasons for these votes against, the Board has considered the views of shareholders and proxy voting agencies as to voting and voting recommendations respectively (where these had been made available to the Company for the 2020 AGM, including through engagement with the General Counsel and Company Secretary or through the year via the Senior Independent Director). The Board will continue to engage with shareholders to understand their views on this and any other significant matters 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.
 
 
Renishaw plc
30 September 2020
 



Registered office:


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




Registered number:


01106260, England and Wales




LEI:


21380048ADXM6Z67CT18




Contact name:


Jacqueline Conway




Contact telephone:


01453 524524



www.renishaw.com
 

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