REG - SIG PLC - Result of AGM

SIGAnnouncement

10/05/2018 16:15

2018-05-10T15:14:44.42Zreuters.comtag:reuters.com,2018-05-10:newsml_RSJ7209Na:13TXT
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RNS Number : 7209N
SIG PLC
10 May 2018
 

10 May 2018
 
SIG plc
("SIG" or the "Company")
Results of Annual General Meeting ("AGM")
 
LEI: 213800VDC1BKJEZ8PV53
 
SIG announces that Resolutions 1 to 10 and 12 to 17 contained in the Notice of Annual General Meeting dated 4 April 2018 previously circulated to shareholders were duly passed by way of a show of hands at the Annual General Meeting ("AGM") of the Company held earlier today. Resolution 11 was defeated by way of a poll.
 
A breakdown of the proxy votes lodged prior to the AGM for each resolution are set out below:-
 






















Resolution


For


Against


Withheld




1.  To receive the financial statements


271,269,028


232,436,879


1,411,555




2.  To approve the Annual Statement by the Chair of the Remuneration Committee and the Directors' Report on Remuneration


456,590,411


10,396,427


38,130,624




3.  To declare a final dividend


449,197,247


55,551,476


368,740




4.  To elect Mr A Allner


441,991,280


58,541,519


4,584,662




5.  To re-elect A Abt


452,098,424


52,640,136


378,902




6.  To re-elect J E Ashdown


452,038,435


52,701,737


370,290




7.  To re-elect I B Duncan


472,324,036


28,438,790


4,354,636




8.  To re-elect M Ewell


450,723,310


54,017,657


373,495




9.  To re-elect N W Maddock


503,402,881


1,333,658


380,924




10. To re-elect M Oldersma


501,968,585


2,773,883


374,995




11. To re-appoint Deloitte LLP as Auditor


108,962,143


395,827,122


371,198




12. To authorise the Audit Committee of the Board to determine the Auditors' remuneration


503,323,009


1,423,432


371,021




13. To authorise the Directors to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company


487,402,397


17,713,231


1,835




14. To empower the Directors to allot equity securities for cash


495,863,775


9,248,773


4,915




15. To empower the Directors to allot equity securities for cash (further 5%)


458,151,232


46,961,315


4,915




16. To renew the authority for the Company to purchase its own shares


469,601,008


35,127,916


388,538




17. To call general meetings on not less than 14 clear days' notice


478,828,769


25,907,612


381,082




                       
Notes
1.         Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2.         A "vote withheld" is not a vote in law and is not counted in the calculation proportion of the votes "for" or "against" a resolution.
3.         In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.
4.         A copy of the poll results for the Annual General Meeting is also available on the SIG plc website at www.sigplc.com.
5.         Issued share capital as at 10 May 2018 is 591,548,235 ordinary shares of 10 pence each in the capital of the Company.
 
In relation to today's AGM, the Board recognises that there has been a vote against Resolution 11 (re-appointment of the external auditors) and a substantial number of votes cast against Resolution 1 (approval of the Annual Report and Accounts). The Board takes the views of shareholders extremely seriously, and takes this opportunity to inform shareholders that it is committed to carrying out an EU Audit Regulation compliant audit tender for the role of external auditor, as soon as practicable. The Board intends to consult with shareholders over coming weeks on the timing of that audit tender process and the resulting appointment of a new auditor.
 
In the meantime, Deloitte LLP will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 December 2017.
 
 
Enquiries:
 














SIG plc








Meinie Oldersma, Chief Executive Officer


+44 (0) 114 285 6300




Nick Maddock, Chief Financial Officer


+44 (0) 114 285 6300




 
FTI Consulting








Richard Mountain / Nick Hasell


+ 44 (0) 20 3727 1340














 
Jefferies Hoare Govett








Chris Dickinson / Paul Nicholls


+44 (0) 20 7029 8000














 
Peel Hunt LLP








Justin Jones / Charles Batten


+44 (0) 20 7418 8900




























































































































                     
 
 
 



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