Result of AGM

RNS Number : 3143L
Elementis PLC
29 April 2020
 

 

Elementis plc

 

Result of 2020 AGM

 

The Company's AGM was held today (29 April 2020) at Elementis' head office at Caroline House, 55-57 High Holborn, London, WC1V 6DX   and all resolutions proposed were passed on a poll. As announced on 21 April 2020, in light of the Government's 'Stay at Home Measures' to deal with the COVID-19 pandemic which prohibit public gatherings and unnecessary travel and to ensure the safety of employees and shareholders, the Company advised shareholders not to attend the meeting in person.

 

For information, the following table shows the poll results for the Meeting. The total number of shares in issue (ISC) as at 27 April 2020 was 580,801,241 . (Total voting rights: 580,801,241 ). The percentage figure shown in each column is the percentage of the total number of votes validly cast (under law) for each resolution (i.e. excludes votes withheld).

 

 

Resolution

Votes

For

%

Votes Against

%

Votes

 Total

% of ISC voted

Votes 
Withheld

1.

Receive annual report and accounts 2019

426,465,925

99.67

1,425,006

0.33

427,890,931

73.67%

1,070,269

2.

Directors' remuneration report 2019 (excluding Remuneration policy)

346,742,847

90.65

35,776,984

9.35

382,519,831

65.86%

46,441,369

3.

To re-elect Andrew Duff

406,098,938

94.68

22,812,973

5.32

428,911,911

73.85%

49,290

4.

To re-elect Paul Waterman

426,122,759

99.35

2,779,346

0.65

428,902,105

73.85%

59,096

5.

To re-elect Ralph Hewins

426,079,448

99.35

2,800,647

0.65

428,880,095

73.84%

81,106

6.

To re-elect Sandra Boss t

427,042,933

99.58

1,815,401

0.42

428,858,334

73.84%

102,867

7.

To re-elect Dorothee Deuring

425,223,461

99.57

1,818,172

0.43

427,041,633

73.53%

1,919,568

8.

To re-elect Steve Good

358,175,072

93.53

24,762,726

6.47

382,937,798

65.93%

46,023,403

9.

To re-elect Anne Hyland

427,096,812

99.59

1,752,536

0.41

428,849,348

73.84%

111,853

10.

To elect John O'Higgins

428,817,234

99.98

82,964

0.02

428,900,198

73.85%

61,003

11.

Re-appoint Deloitte LLP as Auditors

428,789,530

99.97

129,132

0.03

428,918,662

73.85%

42,539

12.

Auditors' remuneration

428,854,879

99.98

67,747

0.02

428,922,626

73.85%

38,575

13.

Authority to allot shares

345,935,254

80.65

82,998,891

19.35

428,934,145

73.85%

27,056

14.

Authorise political donations

421,009,834

98.16

7,886,165

1.84

428,895,999

73.85%

65,202

15.

Hold general meetings at 14 clear days' notice*

341,448,934

79.60

87,497,945

20.40

428,946,879

73.85%

14,322

16.

Disapply pre-emption rights*

428,674,295

99.94

245,813

0.06

428,920,108

73.85%

41,093

17.

Disapply pre-emption rights for acquisition or capital investment*

424,726,847

99.02

4,198,679

0.98

428,925,526

73.85%

35,674

18.

Authority to purchase own shares*

427,367,215

99.65

1,485,665

0.35

428,852,880

73.84%

108,320

 

t   As noted in the Company's trading update which was announced prior to the AGM, resolution 6 relating to the re-election of Sandra Boss was withdrawn in connection with Sandra taking up a full time executive role.

*   Resolutions 15 to 18 were passed as special resolutions.

 



We note the significant vote against the shortening of the notice period for calling general meetings to 14 days, which was opposed by a small number of shareholders. We will continue to consult with shareholders who did not vote in favour of this resolution to understand their reasons and will provide an update within six months as required by the UK Corporate Governance Code. The Company continues to maintain that having the flexibility to call general meetings on short notice is, in certain circumstances, of benefit to shareholders.

 

Directorate changes

As previously announced, Nick Salmon has now retired from the Board at the conclusion of the AGM. Following the Company's trading update which was announced prior to the AGM, resolution 6 relating to the re-election of Sandra Boss was withdrawn in connection with Sandra taking up a full time executive role. Consequently, Sandra Boss has also retired from the Board at the conclusion of the AGM.

 

In accordance with Listing Rule 9.6, copies of the resolutions, designated as being special business, passed at the AGM will be submitted to the National Storage Mechanism and will be available shortly for inspection at: www.morningstar.co.uk/uk/NSM

 

These voting results will also be available on the Company's website at https://www.elementis.com/agm-information/

later this afternoon.

 

 

Laura Higgins

Company Secretary

0207 067 2999


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
 
 
RAGGCGDSSSDDGGC

Companies

Elementis (ELM)
UK 100

Latest directors dealings