Annual General Meeting 2022 Results

RNS Number : 6539M

Forterra plc

24 May 2022

 

Forterra plc

Annual General Meeting 2022 Results

The Annual General Meeting of Forterra plc (the "Company") was held at the offices of Forterra plc, Atherstone Road, Measham, Swadlincote, Derbyshire, DE12 7EL on Tuesday 24th May 2022 at 12:00pm.

All of the resolutions were voted upon by poll and were passed by shareholders. The total number of ordinary shares in issue was 222,335,577shares.

The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.forterraplc.co.uk (with each resolution number below corresponding to the resolution number in the notice).

The total number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows.

Resolution	Votes for		Votes Against		Total Votes Cast (excluding withheld)	Votes Withheld*
	No of Shares	% of shares voted	No of Shares	% of shares voted		No of shares
Resolution 1 To receive and adopt the Annual Report and Accounts to 31 December 2021	94,153,183	100.00%	0	0.00%	94,153,183	88,036,574 ****
Resolution 2 To re-appoint Ernst & Young LLP as Auditor.	182,078,888	99.99%	9,263	0.01%	182,088,151	15,748
Resolution 3 To authorise the remuneration of the Auditor	181,081,917	99.45%	1,005,457	0.55%	182,087,374	16,525
Resolution 4 To declare the final dividend of 6.7 pence per Ordinary Share for the year ended 31 December 2021	182,083,624	100.00%	4,750	0.01%	182,088,374	15,525
Resolution 5 To re-elect Justin Atkinson as a Director	176,462,833	97.32%	4,858,040	2.68%	181,320,873	783,026
Resolution 6 To re-elect Stephen Harrison as a Director	182,083,624	100.00%	4,750	0.01%	182,088,374	15,525
Resolution 7 To re-elect Ben Guyatt as a Director	180,665,848	99.22%	1,422,526	0.78%	182,088,374	15,525
Resolution 8 To re-elect Katherine Innes Ker as a Director	176,949,401	97.18%	5,138,973	2.82%	182,088,374	15,525
Resolution 9 To re-elect Divya Seshamani as a Director	179,603,422	98.64%	2,484,952	1.36%	182,088,374	15,525
Resolution 10 To re-elect Martin Sutherland as a Director	179,603,422	98.64%	2,484,952	1.36%	182,088,374	15,525
Resolution 11 To re-elect Vince Niblett as a Director	179,430,847	98.54%	2,657,527	1.46%	182,088,374	15,525
Resolution 12 To approve the Report of the Remuneration Committee (excluding the Remuneration Policy set out on pages 116-123 of the Annual Report)	180,571,812	99.17%	1,510,048	0.83%	182,081,860	22,039
Resolution 13 To authorise the Company to make political donations	182,049,105	99.98%	37,672	0.02%	182,086,777	17,122
Resolution 14 To authorise the Directors to allot share capital	177,760,811	97.62%	4,325,391	2.38%	182,086,202	17,697
Resolution 15 ** To disapply statutory exemption rights	182,072,341	99.99%	13,861	0.01%	182,086,202	17,697
Resolution 16 ** To disapply statutory exemption rights	180,937,611	99.37%	1,148,591	0.63%	182,086,202	17,697
Resolution 17 ** To authorise the Company to purchase its own shares	181,068,580	99.45%	1,008,996	0.55%	182,077,576	26,323
Resolution 18 ** To authorise the Company to hold general meetings (other than an Annual General meeting) with 14 clear days' notice	177,732,154	97.61%	4,355,997	2.39%	182,088,151	15,748

In accordance with the requirements of LR 9.6.3 and 9.6.18 copies of Resolutions 14-18 will shortly be available for inspection on the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Notes:

*Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried.  Percentages have been rounded to two decimal places.

**** Shareholders will note that the number of votes recorded as being 'withheld' on Resolution 1 is very high compared to other Resolutions (and indeed compared to previous AGMs) - this seemingly anomalous result became apparent only yesterday and, upon prompt investigation of the matter with its Registrar, the Company has discovered that there were potential software (or other types of operational) faults in respect of certain nominee voting procedures, which resulted, the Company understands, in shareholders being unable to vote for this resolution.  These faults could not be corrected in time for the AGM and therefore the Company has concluded that the prudent approach is to record those votes as 'withheld'.

** Special resolution.

For further information contact:

  Forterra plc    [phone]

  Ashley Thompson, Company Secretary  

FTI Consulting:	[phone]
Richard Mountain
Nick Hasell

 

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