Result of AGM

RNS Number : 5699H

Renold PLC

12 July 2012

 



Renold plc

("Renold" or the "Company") 

Resolutions passed at Annual General Meeting on 12 July 2012

Renold is pleased to announce that all resolutions proposed at its Annual General Meeting were duly passed.  Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.renold.com.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.

As previously announced, Mark Harper has assumed the role of Chairman and Matthew Peacock and David Shearer have stepped down from the Board.

All resolutions put to the meeting were passed on a show of hands.

The Company expects to issue its next trading update to the market in mid August.

The following is a summary of the Forms of Proxy received up to 48 hours before the time of the Annual General Meeting by the Company's registrar:

Resolution	For and Discretion	%	Against	%	% of issued share capital voted	Withheld*
1. To receive and consider the accounts and the directors' and auditor's reports on them	125,690,903	99.82	227,001	0.18	56.96	213
2. To approve the directors' remuneration report	99,644,122	85.02	17,556,511	14.98	53.02	8,717,484
3.  To elect Mark Harper as a director	124,831,484	99.17	1,047,247	0.83	56.94	39,386
4. To re-appoint Ernst & Young LLP as auditors	124,666,741	99.81	233,656	0.19	56.50	1,017,720
5. To authorise the directors to determine the auditor's remuneration	125,860,447	99.97	42,627	0.03	56.95	15,043
6. To authorise the directors to allot shares	124,435,582	99	1,263,098	1	56.86	219,437
7. To disapply pre-emption rights**	124,552,745	98.98	1,281,242	1.02	56.92	84,130
8. To authorise the Company to make market purchases of its own ordinary shares**	125,607,715	99.76	308,186	0.24	56.96	2,216
9. To authorise the calling of a general meeting on not less than 14 clear days' notice**	124,548,514	98.96	1,309,981	1.04	56.93	59,622
10. To authorise political donations**	113,849,767	90.6	11,818,965	9.40	56.85	249,385

*a 'Vote Withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution

**Passed as special resolutions

12 July 2012

Renold plc	Tel: [phone]
Brian Tenner, Company Secretary

 

END

 

 

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