REG - Tate & Lyle PLC - Result of Meeting

Tate & LyleAnnouncement

26/04/2022 16:15

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RNS Number : 4194J  Tate & Lyle PLC  26 April 2022

26 April 2022

Tate & Lyle PLC

("Tate & Lyle")

 

Result of General Meeting

 

 

Further to the circular to shareholders published on 7 April 2022 (the
"Circular"), Tate & Lyle is pleased to announce that the resolutions
proposed at the general meeting held earlier today (the "General Meeting")
seeking approval of the proposed Special Dividend and associated Share
Consolidation, and to renew the annual authorities to enable Tate & Lyle
to make market purchases of its own shares, as well as to allot New Ordinary
Shares and to disapply pre-emption rights, to cover the period between the
date of the General Meeting and the 2022 AGM, were duly passed by
shareholders.

 

Resolutions 1 to 3 were passed as ordinary resolutions. Resolutions 4 to 6
were passed as special resolutions. Full details of the poll results are set
out below.

 

 Resolution                                                                   Total For((1))                 Total Against                 Votes withheld((2))
                                                                              No. of votes  % of votes cast  No. of votes  % of vote cast  No. of votes
 1. Approval of the Special Dividend                                          344,661,398   99.94            194,021       0.06            12,529
 2. Approval of the Share Consolidation                                       345,193,931   99.92            289,555       0.08            25,313
 3. Authority to allot shares                                                 325,593,741   94.25            19,874,111    5.75            40,947
 4. Authority to disapply pre-emption rights((3))                             334,410,903   96.82            10,975,752    3.18            122,144
 5. Authority to disapply pre-emption rights for an acquisition or specified  324,494,371   93.95            20,896,766    6.05            117,662
 capital investment((3))
 6. Authority to purchase its own shares((3))                                 344,961,294   99.93            232,673       0.07            314,832

 

((1)) Includes discretionary votes.

((2)) A 'vote withheld' is not a vote in law and is therefore not counted in
the calculation of the proportion of votes 'For' or 'Against' a resolution.

((3))( )Proposed and passed as special resolutions.

 

Full text of the resolutions is set out in the notice of general meeting which
forms part of the Circular. Capitalised terms used but not otherwise defined
in this announcement have the same meaning given to them in the Circular.

 

Holders of ordinary shares and holders of preference shares were entitled to
attend the General Meeting. Holders of ordinary shares were entitled to vote
on all resolutions and holders of preference shares were entitled to vote on
Resolutions 2 to 6.

 

As at 6.30 p.m. (London time) on 22 April 2022 (being the time at which
shareholders who wanted to attend, speak and vote at the General Meeting were
required to have their details entered in the Tate & Lyle register of
members), there were 468,537,773 ordinary shares in issue and 2,394,000
preference shares in issue. Each ordinary share carries the right to one vote
per share. The preference shares carry limited voting rights. Tate & Lyle
does not hold any shares in treasury.

 

In accordance with Listing Rule 9.6.2, copies of the resolutions passed at the
General Meeting will shortly be available to view via the National Storage
Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

A copy of this announcement, including results of the poll, will also be
displayed shortly on Tate & Lyle's website at www.tateandlyle.com.

 

For more information contact:

 

For Tate & Lyle PLC

 

Investors and analysts

Christopher Marsh, VP Investor Relations

Tel: Mobile: +44 (0) 7796 192 688

 

Media

Nick Hasell, FTI Consulting

Tel: Mobile: +44 (0) 7825 523 383

 

Information on Tate & Lyle

 

Tate & Lyle is a leading global provider of food and beverage ingredients
and solutions. Supported by our 160-year history of ingredient innovation, we
partner with customers to provide consumers with healthier and tastier choices
when they eat and drink. We are proud that millions of people around the world
consume products containing our ingredients every day.

 

Through our expertise in sweetening, mouthfeel and fibre fortification, we
develop solutions which reduce sugar, calories and fat, add fibre, and provide
texture and stability in categories including beverages, dairy, bakery, soups,
sauces and dressings.

 

We have more than 3,000 employees working in around 60 locations across 30
countries. Tate & Lyle's purpose is Transforming Lives Through the Science
of Food and through our purpose we believe we can successfully grow our
business and have a positive impact on society. We live our purpose in three
ways, by supporting healthy living, building thriving communities and caring
for our planet.

 

Tate & Lyle is listed on the London Stock Exchange under the symbol
TATE.L. American Depositary Receipts trade under TATYY. In the year ended 31
March 2021, Tate & Lyle's revenue from continuing operations totaled £1.2
billion.  For more information, please visit http://www.tateandlyle.com or
follow Tate & Lyle on Twitter or LinkedIn.

 

Tate & Lyle's Legal Entity Identifier is 2138008K14474WPKZ244

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