REG - Vesuvius plc - Result of AGM
RNS Number : 1503ZVesuvius plc15 May 201915 May 2019
Vesuvius plc - Result of Annual General Meeting 2019 ("AGM")
Vesuvius plc ("the Company") confirms that, at its AGM held today, each of the resolutions set out in the Notice of Meeting to Shareholders dated 26 March 2019 were passed by the Shareholders. A poll was conducted on each resolution at the meeting and the results, certified by the scrutineer Equiniti Limited, were as follows:
RESOLUTIONS
FOR
AGAINST
TOTAL
No. of votes cast1
% of votes cast
No. of votes cast
% of votes cast
No. of votes cast3
% of Issued Share Capital2
Votes withheld3
1
Receipt of Annual Report and Accounts
234,680,955
100.00%
0
0.00%
234,680,955
86.53%
247,118
2
Declaration of Final Dividend
234,927,494
100.00%
0
0.00%
234,927,494
86.62%
579
3
Approval of Directors' Remuneration Report
180,165,253
76.91%
54,091,750
23.09%
234,257,003
86.37%
671,069
4
Re-election of Patrick André
232,853,604
99.18%
1,925,453
0.82%
234,779,057
86.57%
149,016
5
Re-election of Christer Gardell
231,207,831
98.48%
3,568,124
1.52%
234,775,955
86.56%
152,118
6
Re-election of Hock Goh
231,960,381
98.80%
2,818,676
1.20%
234,779,057
86.57%
149,016
7
Re-election of Jane Hinkley
233,840,628
99.60%
937,813
0.40%
234,778,441
86.57%
149,632
8
Re-election of Douglas Hurt
233,841,265
99.60%
934,690
0.40%
234,775,955
86.56%
152,118
9
Re-election of Holly Koeppel
195,483,587
83.26%
39,292,953
16.74%
234,776,540
86.57%
151,532
10
Re-election of John McDonough CBE
229,423,818
97.73%
5,320,649
2.27%
234,744,467
86.55%
183,605
11
Re-election of Guy Young
232,098,723
98.86%
2,680,334
1.14%
234,779,057
86.57%
149,016
12
Reappointment of Auditor
234,910,957
99.99%
14,996
0.01%
234,925,953
86.62%
2,120
13
Remuneration of Auditor
234,913,819
100.00%
11,308
0.00%
234,925,127
86.62%
2,946
14
Authority to incur political expenditure
234,456,225
99.87%
315,560
0.13%
234,771,785
86.56%
156,288
15
Authority to allot shares
232,883,967
99.20%
1,881,324
0.80%
234,765,291
86.56%
162,782
16
Special Resolution:
Authority to dis-apply pre-emption Rights
234,813,995
99.91%
206,948
0.09%
235,020,943
86.66%
5,938
17
Special Resolution:
Additional authority to disapply pre-emption rights only in connection with an acquisition or specified investment
232,233,981
98.86%
2,687,953
1.14%
234,921,934
86.62%
6,138
18
Special Resolution:
Authority to purchase own shares
233,863,436
99.71%
685,163
0.29%
234,548,599
86.48%
379,473
19
Special Resolution:
Authority to call a general meeting on 14 clear days' notice
227,762,184
96.95%
7,160,076
3.05%
234,922,260
86.62%
5,813
Notes:
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. The total number of shares in issue is 278,485,071 of which 7,271,174 shares are held as Treasury shares. Therefore, the total number of voting rights in the Company is 271,213,897.
3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
4. All percentages are shown to two decimal places.
This information will also shortly be available to view on the Company's website at: www.vesuvius.com.
As there were no resolutions passed at the AGM other than resolutions concerning ordinary business, no copies of resolutions have been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2.
Approval of Directors' Remuneration Report
The Board notes that resolution 3, the approval of the Directors' Remuneration Report, was passed with the requisite majority of votes from shareholders, but acknowledges that 23% of votes were cast against the resolution. The Remuneration Committee will further analyse the voting outcome and will continue to engage with major shareholders to more fully understand their perspectives, as appropriate. We thank those shareholders with whom we have already spoken for explaining their reasons for voting against the resolution. The Remuneration Committee is committed to continuing dialogue with shareholders.
For further information, please contact:
Henry Knowles, General Counsel and Company Secretary
+44 (0) 20 7822 0000
Virginia Skroski, Investor Relations Manager
+44 (0) 20 7822 0016
About Vesuvius plc
Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries operating in challenging high-temperature conditions.
We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and increasingly, related technical services including data capture.
We have a worldwide presence. We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.
Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.
Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
LEI: 213800ORZ521W585SY02
www.vesuvius.com
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