REG - TT Electronics PLC - Results of AGM and Directorate Change
RNS Number : 1539MTT Electronics PLC06 May 20206 May 2020
TT Electronics plc
("the Company")
Annual General Meeting Results & Directorate Change
The Company announces that Neil Carson stepped down as a director of the Company from the close of the Company's Annual General Meeting (AGM) held on 6 May 2020. Neil's intention to step down was previously announced in December 2019. Warren Tucker was appointed as a director of the Company on 2 April 2020 and became Chairman of the Board at the close of the AGM, following the announcement made on 3 April 2020.
The Company is also pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 10.00 am on 6 May 2020 were duly passed.
A poll was conducted on resolutions 1- 21, with the exception of resolutions 4 and 6 which were withdrawn. The results of the poll were as follows.
RESOLUTION
VOTES FOR (including discretionary)
VOTES AGAINST
% of issued share capital voted
VOTES WITHHELD**
NUMBER
%
NUMBER
%
1. Receive Annual report and accounts
132,121,907
99.96%
50,244
0.04%
80.56%
15,175
2. Remuneration report
124,542,291
97.28%
3,486,914
2.72%
78.03%
4,158,121
3. Remuneration Policy
109,271,441
91.89%
9,642,007
8.11%
72.48%
13,273,878
4. Resolution withdrawn*
5. Elect Anne Thorburn
132,109,998
99.97%
42,089
0.03%
80.55%
35,240
6. Resolution withdrawn*
7. Re-elect Richard Tyson
132,113,148
99.97%
40,858
0.03%
80.55%
33,321
8. Re-elect Mark Hoad
131,978,071
99.87%
175,935
0.13%
80.55%
33,321
9. Re-elect Stephen King
132,119,998
99.97%
39,029
0.03%
80.55%
28,300
10. Re-elect Jack Boyer
132,119,777
99.97%
40,300
0.03%
80.55%
27,250
11. Re-elect Alison Wood
128,045,977
99.96%
46,984
0.04%
78.07%
4,094,366
12. Appoint Deloitte LLP as Auditor
132,120,308
99.95%
59,714
0.05%
80.56%
7,305
13. Auditors' remuneration
132,123,296
99.97%
36,943
0.03%
80.55%
27,088
14. Authority to allot shares
126,230,228
95.52%
5,922,011
4.48%
80.55%
35,088
15. Approve Deferred Share Bonus Plan
128,653,985
97.36%
3,486,314
2.64%
80.54%
47,027
16. Approve Sharesave Scheme
132,059,592
99.95%
64,163
0.05%
80.53%
63,572
17. Approve USA Employee Stock Purchase Plan
131,950,475
99.95%
72,418
0.05%
80.47%
164,434
18. Authority to disapply pre-emption rights (1)***
131,845,308
99.85%
196,586
0.15%
80.48%
145,433
19. Authority to disapply pre-emption rights (2)***
128,480,880
97.29%
3,574,913
2.71%
80.49%
131,533
20. Purchase of own shares***
128,565,632
97.34%
3,506,551
2.66%
80.50%
115,143
21. Notice of general meetings***
131,252,055
99.32%
893,597
0.68%
80.54%
41,675
* Resolution 4 (to pay a final dividend) and Resolution 6 (to re-elect Neil Carson as a director) were withdrawn and so were not put to the meeting.
** A "vote withheld" is not a vote in law and is not counted in the calculation of the votes "for" and "against" a resolution.
*** Special resolution.
An additional ordinary resolution was put to the meeting as Resolution 22, to elect Warren Tucker as a director. This resolution was passed on a show of hands. Warren joined the Board on 2 April 2020, after the Notice of Annual General Meeting had been posted to shareholders. Warren will stand for re-election by shareholders at the 2021 Annual General Meeting.
In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
L D Boardman
Group Company Secretary
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