Statement re 2020 AGM resolution votes

RNS Number : 4889T

Renishaw PLC

25 March 2021

 

Renishaw plc (the "Company")

Update on 2020 Annual General Meeting resolution votes

The Board has continued to consider the votes against resolutions 5, the re-election of Sir David McMurtry (24.98%) and 6, the re-election of John Deer (24.32%) (together, the "Founders"), at the September 2020 AGM.

The Board has a policy of continuing to make itself available for engagement with shareholders to understand their views on this and any other significant matters at AGMs and Investor Days, which include Q&A sessions with the Board. As part of the Company's results webcasts, Q&A sessions continue to be held with executive Board members, most recently the Company's half-year results event which was attended by the Chief Executive and Group Finance Director.

Separately, the Company announced on 2nd March 2021 that the Founders have indicated to the Board their intention to sell their very substantial shareholdings in Renishaw. Together, the Founders (and certain persons connected with them) own approximately 53% of the issued share capital of the Company and, as announced, have expressed a preference for the disposal of their entire combined shareholding. The Board, together with its advisers, thoroughly considered the various options, and as part of these considerations had regard to the interests of all the Company's stakeholders. The Board unanimously concluded that it would be appropriate to investigate the sale of the Company and has therefore launched a formal sale process for the Company. See www.renishaw.com/fsp .

Jacqueline Conway

General Counsel & Company Secretary

25 March 2021

Renishaw plc
Registered office:	New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR
Registered number:	01106260, England and Wales
LEI number:	21380048ADXM6Z67CT18
Telephone:	[phone]
Website:	www.renishaw.com

 

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