REG - Trifast PLC - Result of AGM

TrifastAnnouncement

07/09/2022 16:45

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RNS Number : 6666Y  Trifast PLC  07 September 2022

Wednesday, 7 September 2022

 

 

 

 

Trifast plc

(Trifast or Company)

 

Leading international specialists in the design, engineering, manufacture, and
distribution

of high-quality industrial fastenings and Category 'C' components principally
to major global assembly industries

 

 

RESULTS OF VOTING AT THE ANNUAL GENERAL MEETING (AGM)

Trifast plc ('the Company') announces that at today's AGM, all resolutions*
put to the Meeting and contained in the Notice of Meeting (NOM) dated 3 August
2022, and previously circulated to Members on the register, were duly passed.

 

The result of the Poll is set out below:

 

 RESOLUTIONS                                                                  VOTES                %        VOTES        %        VOTES TOTAL  %        VOTES

                                                                              FOR AND DISCRETION            AGAINST                            of ISC   WITHELD
 ORDINARY RESOLUTIONS:
 Resolution 1

 To consider the Company's Annual Report and Financial Statements and the     99,395,331           100%     3,600        0%       99,398,931   73.03%   1,935
 reports of the Directors and Auditors for the year ended 31 March 2022.

 Resolution 2

 To receive and approve the Directors' Remuneration Report contained in the   67,166,808           67.58%   32,224,505   32.42%   99,391,313   73.03%   9,553
 Annual Report.

 Resolution 3

 To declare a final dividend.                                                 99,400,866           100%     0            0        99,400,866   73.03%   0

 Resolution 4

 To re-elect Jonathan Shearman as a Director.                                 88,837,039           90.29%   9,558,555    9.71%    98,395,594   72.29%   1,005,272

 Resolution 5

 To re-elect Mark Belton as a Director.                                       99,358,994           99.96%   3,600        0.04%    99,395,594   73.03%   5,272
 Resolution 7

 To re-elect Clive Watson as a Director.                                      98,490,766           99.09%   904,828      0.91%    99,395,594   73.03%   5,272
 Resolution 8

 To re-elect Scott Mac Meekin as a Director.                                  98,458,397           99.06%   937,197      0.94%    99,395,594   73.03%   5,272

 Resolution 9

 To re-elect Claire Balmforth as a Director.                                  96,229,651           96.81%   3,167,878    3.19%    99,397,529   73.03%   3,337
 Resolution 10

 To appoint BDO LLP as auditor of the Company to hold office until the        99,371,250           99.98%   15,141       0.02%    99,386,391   73.02%   14,475
 conclusion of the next general meeting.
 Resolution 11

 To authorise the Directors to fix the remuneration of the auditor.           99,381,496           99.99%   12,011       0.01%    99,393,507   73.03%   7,359

 Resolution 12

 To allow the Directors authority to allot shares.                            84,210,882           84.75%   15,155,049   15.25%   99,365,931   73.01%   34,935

 

 

 

 

 

 SPECIAL RESOLUTIONS:
 Resolution 13

 To allow the Directors authority for disapplication of pre-emption rights.      84,135,467   84.65%   15,255,053   15.35%   99,390,520   73.02%   10,346

 Resolution 14

 To allow the Directors authority for disapplication of pre-emption rights for   84,170,023   84.68%   15,228,908   15.32%   99,398,931   73.03%   1,935
 an acquisition or capital investment.
 Resolution 15

 To authorise the Company to make market purchases of its own shares.            99,341,155   99.95%   51,300       0.05%    99,392,455   73.03%   8,411
 Resolution 16

 That a general meeting other than an Annual General Meeting may be called on    82,870,692   99.73%   222,174      0.27%    83,092,866   61.05%   16,308,000
 not less than 14 clear days' notice.

 

 

Voting

*Following the Company's announcement on 31 August 2022 regarding the
Directorate change, Resolution 6 withdrawn and therefore did not require a
vote by Members.

 

The Company also acknowledges that a sizable proportion of the votes were cast
against Resolution 2. The Board takes seriously its responsibilities to
maintain a healthy dialogue with shareholders. We have already engaged with
several of them to listen and better understand their views and concerns on
policy.

 

Dividend

Following approval by shareholders, a final dividend of 1.40p per ordinary
share will be paid on 14 September 2022 to Members on the register at the
close of business on 16 September 2022.  Together with the interim dividend
of 0.70p (paid on 14 April 2022), this brings the total for the year to 2.10p
per share, an increase of 31.3% on the prior year (FY2021: 1.60p). The
ex-dividend date is 15 September 2022.

 

 

 

 

Enquiries to

Christopher Morgan, Company Secretary

Trifast plc

Office: 44 (0) 1825 747630

Email: Companysecretariat@trifast.com (mailto:Companysecretariat@trifast.com)

 

 

 

 

 

 

Notes:

The AGM was compliant with legal requirements for the AGM in accordance with
the Company's Articles of Association.

 

The 'for' vote includes those giving discretion to the Chairman. A vote
withheld is not a vote in law and is not counted in the calculation of the
votes for or against a resolution.

 

As detailed in the NOM, Shareholders were able to submit any questions
regarding the business prior to the Meeting via the Company Secretariat
Office.  No questions relating to the Resolutions were submitted ahead of the
AGM by shareholders. Questions were put to the Board from the room and via the
viewing platform Investor Meet Company (IMC). These are contained within the
recording of the event which will be uploaded to the Company website in due
course.

 

At 7 September 2022 there were 136,104,935 Trifast plc ordinary shares of 5p
each in issue (ISC). Ordinary shareholders are entitled to one vote per share
held.

 

The Annual Report together with ancillary documents are available to view and
download on the Company's website at Trifast plc | Our reports
(https://www.trfastenings.com/investors/reports-and-presentations)

 

The 2022 Annual Report and Financial Statements for the period ended 31 March
2022, together with the Notice of AGM, were also, in accordance with Listing
Rule 9.6.1, submitted on to the FCA document viewing facility at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

In accordance with Listing Rule 9.6.2R, a copy of the resolutions passed as
Special Business at the AGM will also be submitted to the FCA document viewing
facility at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .  This information
will also be found on the Company's website at Trifast plc | Shareholder
meetings
(https://www.trfastenings.com/investors/shareholder-information/shareholder-meetings)

 

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