Result of AGM

RNS Number : 5830Y
Clarkson PLC
09 May 2019
 

 

 

 

 

 

 

9 May 2019

 

Clarkson PLC
("Clarksons" or "the Company")

 

 

Results of 2019 Annual General Meeting

 

At the Annual General Meeting (AGM) of the Company held at 12 noon today at Commodity Quay, St Katharine Docks, E1W 1BF, all resolutions were passed on a poll. The total number of votes received on each resolution was as follows:


Description

Votes for

% of votes cast

Votes against

 

% of votes cast

 

Votes cast as % of issued share capital

Votes

withheld

1

Annual Report

23,263,550

99.67

76,422

0.33

76.97

7,373

2

Remuneration Report

11,601,948

51.49

10,930,372

48.51

74.30

815,025

3

Final dividend

23,340,990

99.98

4,456

0.02

76.98

1,900

4

Elect Mr B Thomas

21,938,004

98.17

408,448

1.83

73.69

1,001,726

5

Re-elect Mr A L Case

23,275,718

99.69

72,460

0.31

76.99

0

6

Re-elect Mr J D Woyda

23,275,507

99.69

72,671

0.31

76.99

0

7

Re-elect Mr P Backhouse

18,823,510

82.33

4,041,166

17.67

75.40

483,503

8

Re-elect Ms ML Clayton

18,782,941

82.27

4,048,476

17.73

75.29

516,762

9

Re-elect Mr J Hughes-Hallett

18,845,445

82.54

3,985,972

17.46

75.29

516,762

10

Elect Dr T Miller

18,038,587

81.44

4,111,009

18.56

73.04

1,198,333

11

Re-elect Mr B Nergaard

18,893,696

82.67

3,960,358

17.33

75.36

493,291

12

Re-appoint Auditor

23,332,069

99.96

8,571

0.04

76.97

6,705

13

Auditor's remuneration

23,332,202

99.98

5,193

0.02

76.96

7,870

14

Authority to allot shares

21,594,856

92.57

1,732,779

7.43

76.93

18,463

15

Authority for political donations

22,934,948

99.12

204,541

0.88

76.30

206,609

16

U.S. Employee Share Purchase Plan

22,810,099

97.76

522,849

2.24

76.94

13,150

17

Disapply pre-emption rights*

23,200,236

99.59

94,931

0.41

76.82

50,931

18

Purchase own shares*

23,256,443

99.62

87,767

0.38

76.98

1,887

19

General meeting notice period*

22,923,249

98.19

422,598

1.81

76.99

251

20

Articles of Association*

19,179,570

82.39

4,099,889

17.61

76.77

66,638

*Special resolution requiring 75% majority.

 

Notes:

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

2.   The total number of shares in issue is 30,325,058.

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

 

Statement regarding voting result

The Board notes that while Resolution 2 to approve the Directors' Remuneration Report was passed, a significant number of shareholders opposed this resolution.

We are very disappointed by this outcome, particularly as more than 99.7% of shareholders voted in favour of the re-election of the CEO and CFO and, as such, deem the stewardship of the Company to be in capable hands, a view which is unanimously shared by the Board. Notwithstanding this, the Remuneration Committee notes the concerns raised by shareholders and, as part of the remuneration policy review that falls due in 2020, will be conducting an extensive consultation programme with our shareholders and proxy advisory agencies to listen to their views.

 

Availability of documents

This information will also shortly be available to view on the Company's website at www.clarksons.com/investors/ 

In accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at the AGM will be submitted to the UK Listing Authority and will be available for inspection at the UKLA's Document Viewing Facility located at www.morningstar.co.uk

In addition, copies of resolutions 17 to 20 will be filed with Companies House.

 

Company enquiries:

 

Clarkson PLC                                                                                      

Rachel Spencer, Group Company Secretary                     Tel: 020 7334 0000

 

Camarco                                                                                             

                                                                                   

Billy Clegg                                                                     Tel: 020 3757 4983 Mob: 07977 578 153 

Jennifer Renwick                                                            Tel: 020 3757 4994 Mob: 07928 471 013

 

 

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

 

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors.

 

The Company has delivered 16 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

 

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

 

For more information, visit www.clarksons.com.

 

The information contained within this announcement is deemed by Clarksons to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging the release of this announcement on behalf of Clarksons is Jeff Woyda, Chief Financial Officer and Chief Operating Officer.


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