Results of AGM

RNS Number : 0026G
Norcros PLC
21 July 2021
 

Norcros plc

("Norcros", the "Group" or the "Company")

Results of AGM

Following the Annual General Meeting held on 21 July 2021, Norcros plc announces the results of the poll vote for each resolution as follows:

 

Annual General Meeting Resolutions numbered as per Notice of Meeting

For*

Against

Withheld

Number

%

Number

%

Number

Ordinary Resolutions






1

To receive the audited accounts and the auditor's and Directors' reports for the year ended 31 March 2021

65,816,219

99.67

216,569

0.33

 

1,200

2

To declare a final dividend of 8.2 pence per ordinary share for the year ended 31 March 2021.

66,033,988

100

0

0

0

3

To approve the Directors' Remuneration Report for the year ended 31 March 2021

45,930,648

69.56

20,097,340

30.44

6,000

4

To re-elect Alison Littley as a director

63,304,082

95.87

2,729,905

4.13

1

5

To re-elect David McKeith as director

64,806,982

98.14

1,227,006

1.86

0

6

To re-elect Nick Kelsall as a director

65,935,548

99.85

98,440

0.15

0

7

To re-appoint BDO LLP as auditor

66,031,805

99.99

683

0.01

1,500

8

To authorise the Audit and Risk Committee of the Board to determine the auditor's remuneration

66,031,805

99.99

1,683

0.01

500

9

To authorise the Directors to allot shares up to the specified limit

65,628,196

99.39

400,292

0.61

5,500

Special Resolutions






10

To empower the Directors to disapply pre-emption rights up to the specified limit.

65,679,152

99.46

354,336

0.54

500

11

To empower the Directors to disapply pre-emption rights up to the specified limit in relation to an acquisition or other specified capital investment

65,682,737

99.47

350,751

0.53

500

12

To grant authority to purchase own shares

66,017,503

99.99

7,800

0.01

8,685

13

To approve calling of general meetings on not less than 14 clear days' notice.

65,913,054

99.82

120,934

0.18

0

 

*Votes 'For' include those votes giving the Chairman discretion.  The votes withheld are not a vote in law and are not counted in the overall voting figures.

The Company's issued share capital consists of 80,887,039 ordinary 10p shares, each of which carries the right to one vote.

Full details of the resolutions were set out in the Notice of Annual General Meeting which is available on the Company's website at www.norcros.com

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

Company's Statement Concerning Resolution 3 (Remuneration Report)

The Remuneration Committee and Board are obviously disappointed with the outcome of the voting on the remuneration report.  Whilst we believe our executive remuneration arrangements are fully aligned with our Directors' Remuneration Policy, which was approved by a significant majority of our shareholders at our 2020 AGM, we place great value on direct engagement with and feedback from our shareholders.  We will continue our active dialogue with shareholders; particularly those who decided to vote against this resolution to understand more fully their views. We will publish an update on that engagement and on any action taken as a result of this within six months of the AGM, in accordance with the UK Corporate Governance Code.

ENQUIRIES:

 

Norcros plc

Tel: 01625 547700

Nick Kelsall, Chief Executive Officer 


Shaun Smith, Chief Financial Officer 




Hudson Sandler

Tel: 020 7796 4133

Nick Lyon


 

For further information, please visit the Company website:  www.norcros.com

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGBFLFLFDLXBBK

Companies

Norcros (NXR)
UK 100

Latest directors dealings