Result of AGM

RNS Number : 3505T
Halma PLC
21 July 2022
 

Halma plc

Results of Annual General Meeting 2022

 

At the Annual General Meeting (AGM) of Halma plc held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed. Resolutions 1 to 19 were passed as ordinary resolutions and resolutions 20 to 23 were passed as special resolutions. The results of the poll are set out below.

 

 

Resolution 

Votes
For*

%

Votes
Against

%

Votes
Total

%  Voted

Votes
Withheld**

1

Annual Report and Accounts

  304,392,102

99.88%

  350,787

0.12%

  304,742,889

80.27%

  1,149,094

2

Declaration of final dividend

  305,503,086

99.87%

  388,057

0.13%

  305,891,143

80.57%

  840

3

Remuneration Report

  196,844,865

67.14%

  96,326,858

32.86%

  293,171,723

77.22%

  12,719,326

4

Election of Sharmila Nebhrajani OBE

  305,430,959

99.85%

  451,024

0.15%

  305,881,983

80.57%

  6,842

5

Re-election of
Dame Louise Makin

  299,981,973

99.47%

  1,591,385

0.53%

  301,573,358

79.44%

  4,315,467

6

Re-election of
Andrew Williams

  276,218,486

90.54%

  28,850,491

9.46%

  305,068,977

80.36%

  819,848

7

Re-election of
Marc Ronchetti

  304,188,398

99.78%

  661,617

0.22%

  304,850,015

80.30%

  1,038,810

8

Re-election of Jennifer Ward

  305,216,533

99.78%

  666,953

0.22%

  305,883,486

80.57%

  5,339

9

Re-election of
Carole Cran

  300,134,401

98.12%

  5,750,520

1.88%

  305,884,921

80.57%

  3,904

10

Re-election of
Jo Harlow

  234,609,317

76.78%

  70,938,600

23.22%

  305,547,917

80.48%

  340,908

11

Re-election of
Dharmash Mistry

  300,930,007

98.38%

  4,944,714

1.62%

  305,874,721

80.57%

  14,104

12

Re-election of
Tony Rice

  300,186,771

98.14%

  5,696,105

1.86%

  305,882,876

80.57%

  5,949

13

Re-election of
Roy Twite

  299,257,921

97.83%

  6,626,400

2.17%

  305,884,321

80.57%

  4,504

14

Re-appointment of Auditor

  304,687,343

99.62%

  1,150,845

0.38%

  305,838,188

80.56%

  52,861

15

Remuneration of Auditor

  305,758,893

99.98%

  75,703

0.02%

  305,834,596

80.56%

  56,453

16

Approval of the Halma plc Executive Share Plan 2022 (the Plan)

  283,659,857

92.74%

  22,204,203

7.26%

  305,864,060

80.57%

  26,989

17

Authority to adopt any plans or sub-plans based on the Plan

  284,187,432

93.16%

  20,855,778

6.84%

  305,043,210

80.35%

  847,839

18

Authority to allot shares

  302,944,858

99.04%

  2,938,283

0.96%

  305,883,141

80.57%

  7,908

19

Authority to make political donations

  299,886,868

98.06%

  5,930,541

1.94%

  305,817,409

80.55%

  67,850

20

Disapplication of pre-emption rights

  305,080,350

99.75%

  766,312

0.25%

  305,846,662

80.56%

  44,387

21

Additional disapplication of pre-emption rights

  301,317,817

98.52%

  4,528,878

1.48%

  305,846,695

80.56%

  44,354

22

Authority to purchase own shares

  303,910,408

99.45%

  1,692,757

0.55%

  305,603,165

80.50%

  287,884

23

Notice of general meetings

  284,518,550

93.01%

  21,366,159

6.99%

  305,884,709

80.57%

  6,340

 

* Includes discretionary votes.

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

The shareholder vote to approve the Directors' Remuneration Report (Resolution 3) was passed with a majority of 67.14%.

 

The Board was pleased that the Resolution was approved and that the vast majority of our largest shareholders voted in favour. The Board however recognises that a meaningful proportion of shareholders did not support the Resolution.

 

The Board also notes that Resolution 10, the re-election of Jo Harlow, was supported by 76.78% of shareholders.  We understand that those shareholders that did not support this Resolution did so because of her role as Remuneration Committee Chair. 

 

Halma has a long history of exercising restraint on executive pay and the phased changes made over the last two years are a one-time reset.  Recently, Andrew Williams has announced his retirement and current CFO Marc Ronchetti has been named CEO-Designate.  The alignment of Halma's executive pay with the market provides the Nomination Committee with the tools it needs to attract the best external talent to the CFO role as quickly as possible. 

 

Through the 2021 and 2022 financial years and prior to the 2022 Annual General Meeting we carried out comprehensive engagement with our largest shareholders and, as a result, modified our original plans. The Board would like to thank all the shareholders that have taken part in the engagement and for the feedback provided.  We will continue to review our remuneration practices and engage with shareholders and their representative proxy bodies in the coming months.  As part of this consultation, the Board will seek to fully understand the reasons behind these votes against and will provide an update in accordance with the UK Corporate Governance Code within six months of the Annual General Meeting. 

 

A copy of the resolutions passed at the AGM other than resolutions concerning ordinary business will shortly be available for inspection via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

For further information, please contact:


 


Mark Jenkins

Company Secretary, Halma plc

Tel: +44 (0)1494 721111


 

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad market areas where it operates:

 

· Safety - Protecting people's safety and the environment as populations grow, and enhancing worker safety

· Environment - Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research

· Health - Meeting the increasing demand for better healthcare as chronic illness rises, driving by growing and ageing populations and lifestyle changes.

 

It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.

 

 

 

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