Result of AGM

RNS Number : 7594O

Avon Rubber PLC

01 February 2019

 

1 February 2019

Avon Rubber p.l.c.

(the 'Company')

Result of AGM

Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held yesterday, all the resolutions proposed in the Notice of Meeting were duly passed.

A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website: www.avon-rubber.com

		For	%	Against	%	Withheld
1	To receive the Report and Accounts	20,694,695	99.99	0	0	1,943
2	To approve the Directors' Remuneration Report	19,401,609	94.28	1,176,000	5.71	119,028
3	To approve the Directors' Remuneration Policy	20,492,516	99.01	203,267	0.98	854
4	To declare a final dividend	20,696,445	99.99	0	0	193
5	To re-elect David Evans as a Director	20,036,979	96.81	659,037	3.18	621
6	To re-elect Pim Vervaat as a Director	19,116,327	92.36	1,579,690	7.63	621
7	To re-elect Chloe Ponsonby	20,105,796	97.14	590,220	2.85	621
8	To re-appoint Paul McDonald as a Director	20,675,148	99.89	20,869	0.1	621
9	To re-appoint Nick Keveth as a Director	20,654,972	99.79	41,045	0.2	621
10	To appoint KPMG as auditor of the Company	20,674,449	99.89	21,607	0.1	582
11	To authorise the Directors to determine the auditors' remuneration	20,680,342	99.91	16,025	0.08	271
12	To authorise the Directors to allot shares	20,682,561	99.93	13,145	0.06	932
13	To disapply pre-emption rights*	20,390,573	98.52	305,060	1.47	1,005
14	To disapply pre-emption rights limited to acquisition/specified capital investment*	20,207,485	97.63	488,147	2.36	1,005
15	To authorise the Company to purchase its own shares*	20,497,458	99.04	196,265	0.95	2,914
16	To authorise short notice general meetings*	18,681,668	90.25	2,014,850	9.74	120
17	To approve the rules of the Avon Long Term Incentive Plan*	20,229,336	97.75	463,781	2.24	3,520
18	To approve the amendment to the Articles of Association*	20,423,570	98.69	269,065	1.3	4,003

Notes

1.    Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.    A "vote withheld" is not a vote under English law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

3.    Discretionary proxy votes lodged in favour of a third party have not been included in the "for", "against" or "total" figures. 

4.    At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.

Confirmation of Auditor Ceasing to Hold Office

At the AGM shareholders approved the appointment of KPMG LLP as Auditor of the Company for the financial year commencing 1 October 2018.  PricewaterhouseCoopers LLP has confirmed it has ceased to hold office as Auditor of the Company, in accordance with Section 519 of the Companies Act 2006, and provided the following Statement of Reasons to the Company:

"The reason we are ceasing to hold office is that the Company undertook a competitive tender process for the position of statutory auditor and we mutually agreed with the Audit Committee not to participate due to the time of our tenure.

There are no reasons for and no other matters connected with our ceasing to hold office as auditors of the Company that we consider need to be brought to the attention of the Company's members or creditors."

A copy of PricewaterhouseCoopers' Statement of Reasons will be sent to shareholders for information only, as required by Section 520(2) of the Companies Act 2006 and will shortly be available to view on the National Storage Mechanism.

Miles Ingrey-Counter

Company Secretary

LEI: 213800JM1AN62REBWA71

 

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