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Vesuvius plc - Result of AGM

Announcement: Wed 15th May, 2019 2:30pm
RNS Number : 1503Z
Vesuvius plc
15 May 2019
 

15 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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGXELFFKEFLBBV



 
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