Result of AGM

RNS Number : 0590C
PZ CUSSONS PLC
26 September 2018
 

26 September 2018

 

PZ Cussons Plc ("the Company)

 

AGM Statement

 

At the Annual General Meeting of the Company held today at Manchester Business Park, 3500 Aviator Way, Manchester, M22 5TG all resolutions were passed on a poll. The polling result for each resolution is set out below:

 

 

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

01

333,254,891

99.96

141,721

0.04

333,396,612

77.76%

491,279

02

329,591,160

98.74

4,214,455

1.26

333,805,615

77.86%

82,275

03

333,880,904

100.00

6,987

0.00

333,887,891

77.88%

0

04

333,546,733

99.90

334,725

0.10

333,881,458

77.88%

5,263

05

331,955,011

99.42

1,926,447

0.58

333,881,458

77.88%

5,263

06

333,408,226

99.86

473,232

0.14

333,881,458

77.88%

5,263

07

333,865,006

100.00

14,036

0.00

333,879,042

77.88%

7,679

08

329,489,719

98.73

4,226,914

1.27

333,716,633

77.84%

170,087

09

333,862,581

100.00

14,036

0.00

333,876,617

77.88%

10,104

10

333,539,920

99.90

341,138

0.10

333,881,058

77.88%

5,663

11

333,512,221

99.89

364,893

0.11

333,877,114

77.88%

9,607

12

333,800,059

99.99

46,041

0.01

333,846,100

77.87%

41,790

13

333,861,154

100.00

11,219

0.00

333,872,373

77.88%

11,868

14

319,926,205

95.83

13,933,450

4.17

333,859,655

77.87%

28,236

15*

319,916,607

95.82

13,943,100

4.18

333,859,707

77.87%

28,184

16*

329,845,212

98.80

4,004,021

1.20

333,849,233

77.87%

38,657

17*

329,046,612

98.55

4,837,329

1.45

333,883,941

77.88%

3,950

18*

333,638,283

100.00

12,850

0.00

333,651,133

77.82%

236,758

 

*Special Resolution

 

VOTES OF INDEPENDENT SHAREHOLDERS ON THE RESOLUTIONS CONCERNING THE

RE-ELECTION AND ELECTION OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS

 

Resolution 

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC VOTED

VOTES
WITHHELD

06

155,510,751

99.70

473,232

0.30

155,983,983

76.48%

5,263

07

155,967,531

99.99

14,036

0.01

155,981,567

76.48%

7,679

08

153,694,758

98.62

2,148,794

1.38

155,843,552

76.41%

145,694

09

155,965,106

99.99

14,036

0.01

155,979,142

76.48%

10,104

10

155,642,445

99.78

341,138

0.22

155,983,583

76.48%

5,663

11

155,614,746

99.77

364,893

0.23

155,979,639

76.48%

9,607

 

 

Notes:

 

(a) The votes "for" include those votes giving the Chairman discretion.

(b) A "vote withheld" is not counted towards the votes cast "for" or "against" a resolution.

(c) The total number of shares in issue on 26 September 2018 was 428,724,960.

 

 

Dividend Rectification

 

The Company also confirms its entry into certain arrangements which constitute smaller related party transactions within the scope of paragraph 11.1.10 of the Listing Rules.

 

In the notes to the Company's trading update issued on 14 June 2018 the Board referred to the identification of irregularities concerning the payment of certain historic interim dividends to Shareholders.  Full details of those irregularities, their consequences and the actions proposed to rectify them were set out in the circular to shareholders dated 24 August 2018 giving notice of the Annual General Meeting.

 

Following the approval by shareholders at the Annual General Meeting of a resolution to approve the proposed rectification steps, the Company today entered into a Deed of Release effectively to waive any and all claims which the Company may have against current or former Shareholders who received the relevant historic dividends, and claims which the Company may have against relevant directors and former directors, in each case in respect of those elements of the relevant interim dividends which were, by reason of such irregularities, technically unlawful.

 

Entry into the Deed of Release constitutes smaller related party transactions of the Company within the meaning of paragraph 11.1.10 of the Listing Rules, in respect of which:

 

1      the related parties who are shareholders of the Company are the Trustees of the Zochonis Charitable Trust and the Trustees of the Sir J B Zochonis Will Trust;

2.     the related parties who are directors or former directors of the Company are C L Silver, G A Kanellis, B H Leigh, J K Maiden, H Owers, J R Nicolson, J Arnold, C Davis, N Edozien, R Harvey, S Heale, D Lewis, J Pantelireis and J Steel.

3.     the value of the consideration attributable to each of those transactions is not more than £15,743,321.

                                                           

- ENDS -

 

For further information contact:

 

PZ Cussons plc                                                   Tel: 0161 435 1236

Brandon Leigh - Chief Financial Officer

 

Instinctif                                                               Tel: 020 7457 2020

Tim Linacre / Guy Scarborough

 

 


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