REG - RHI Magnesita N.V. - Result of AGM
RHI Magnesita N.V.
("RHI Magnesita" or the "Company")
Result of the Annual General Meeting 2020 ("AGM")
Following the AGM held today, 18 June 2020, RHI Magnesita announces that each of the voting resolutions set out in the Notice of Meeting to Shareholders, dated 6 May 2020, were passed by the requisite majority. A poll was held on each of the resolutions proposed. The results of the poll, incorporating proxy votes lodged in advance of the meeting, are set out below:
Resolutions
Votes for
% of votes cast
Votes against
% of
votes
cast
Total votes
validly cast
Total votes cast
as a %
of the relevant shares in issue
Number of votes withheld
Resolution 3
To adopt the annual accounts for the financial year ended 31 December 2019
37,678,821
100.00
100
0.00
37,784,288
76.37%
105,367
Resolution 4
To release the Directors from liability for the exercise of their respective duties during the financial year 2019
37,608,738
99.65
130,497
0.35
37,784,288
76.37%
45,053
Resolution 5
To amend the Articles of Association of the Company
37,783,138
100.00
100
0.00
37,784,288
76.37%
1,050
Resolution 6. a.
To re-elect S. Borgas
37,624,555
99.76
91,841
0.24
37,784,288
76.37%
67,892
Resolution 6. b.
To re-elect I. Botha
37,724,599
99.84
58,639
0.16
37,784,288
76.37%
1,050
Resolution 7. a.
To re-elect H. Cordt
34,442,021
92.01
2,991,217
7.99
37,784,288
76.37%
351,050
Resolution 7. b.
To re-elect W. Ruttenstorfer
37,608,232
99.54
175,006
0.46
37,784,288
76.37%
1,050
Resolution 7. c.
To re-elect S.O.L.B Prinz zu Sayn-Wittgenstein- Berleburg
37,735,581
99.87
47,657
0.13
37,784,288
76.37%
1,050
Resolution 7. d.
To re-elect D.A. Schlaff
37,095,402
98.18
687,836
1.82
37,784,288
76.37%
1,050
Resolution 7. e.
To re-elect K. Sevelda
37,741,486
99.89
41,752
0.11
37,784,288
76.37%
1,050
Resolution 7. f.
To re-elect C.F. Baxter
37,666,418
99.69
116,820
0.31
37,784,288
76.37%
1,050
Resolution 7. g.
To re-elect J.W. Leng
37,708,139
99.80
75,099
0.20
37,784,288
76.37%
1,050
Resolution 7. h.
To re-elect J. Ramsay
37,508,245
99.27
274,993
0.73
37,784,288
76.37%
1,050
Resolution 7. i.
To re-elect A. J. Hosty
37,744,507
99.90
38,731
0.10
37,784,288
76.37%
1,050
Resolution 7. j.
To elect J. Ashdown
37,677,665
99.72
105,573
0.28
37,784,288
76.37%
1,050
Resolution 7. k.
To elect F. Paulus
37,744,407
99.90
38,831
0.10
37,784,288
76.37%
1,050
Resolution 8
To approve, as an advisory vote, the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the period ended 31 December 2019
30,616,066
81.17
7,100,330
18.83
37,784,288
76.37%
67,892
Resolution 9
To establish the proposed remuneration of the Non‑Executive Directors
37,783,138
100.00
100
0.00
37,784,288
76.37%
1,050
Resolution 10
Authority to issue ordinary shares or grant rights to acquire ordinary shares.
37,681,346
99.73
101,892
0.27
37,784,288
76.37%
1,050
Resolution 11
Limited disapplication of pre-emption rights.
37,783,138
100.00
100
0.00
37,784,288
76.37%
1,050
Resolution 12
Authority to acquire shares in the Company or depositary receipts of such shares.
37,554,606
99.40
226,334
0.60
37,784,288
76.37%
3,348
Notes:
1. Resolutions 1 and 2 were non-voting resolutions and are therefore not included in the table above
2. 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 49,077,705.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the % of shares voted "For" or "Against" a resolution.
4. In accordance with LR 9.6.2, copies of the resolutions passed have been submitted to the National Storage Mechanism website and will be available for inspection at www.morningstar.co.uk/uk/NSM.
5. These results will be available shortly on the Company's website at www.rhimagnesita.com.
For further enquiries, please contact:
Sally Caswell, Company Secretary
Tel +43 50213 6345
E-mail: sally.caswell@rhimagnesita.com
Guy Marks, Head of Investor Relations
Tel +44 7932 013 357
E‐mail: guy.marks@rhimagnesita.com
About RHI Magnesita
RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers in nearly all countries around the world. The Company has a high level of geographic diversification with around 14,000 employees in 35 main production sites and more than 70 sales offices around the world. RHI Magnesita intends to leverage its global leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefitting from more dynamic economic growth prospects.
Its shares have a premium listing on the London Stock Exchange (symbol: RHIM) and are a constituent of the FTSE 250 index. For more information please visit: www.rhimagnesita.com
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