Result of AGM

RNS Number : 4486M
Rotork PLC
27 April 2018
 

Rotork plc

 

AGM Poll Result and Statement on the result of resolution 12 - Remuneration Report and copies of resolutions sent to National Storage Mechanism

 

 Rotork Plc - AGM - 27 April 2018 - Poll Result

 

Resolution

For 2

Against2

No. of Votes withheld3

Total Capital Instructed

No. of Shares

%

No. of Shares

%

1.   

To receive and adopt the Directors' Report and Accounts and the Auditor's Report

thereon for 2017

678,578,626

 

99.92

 

511,090

 

0.08

 

41,160

 

78.01%

2.   

To declare a final dividend

679,126,946

 

100.00

 

0

 

0.00

 

3,930

 

78.02%

3.   

To re-elect GB Bullard as a director

632,202,951

 

93.09

46,903,955

6.91

13,930

78.02%

4.   

To re-elect JM Davis as a director

676,009,323

 

99.56

2,987,009

0.44

10,930

78.00%

5.   

To re-elect SA James as a director

674,865,909

 

99.40

4,058,637

0.60

7,930

77.99%

6.    

To re-elect MJ Lamb as a director

650,001,049

 

98.94

6,958,053

1.06

22,048,160

75.47%

7.   

To re-elect LM Bell as a director

674,937,695

 

99.40

4,058,637

0.60

10,930

78.00%

8.   

To elect KG Hostetler as a director

665,471,439

 

98.01

13,502,013

1.99

33,810

78.00%

9.   

To elect PG Dilnot as a director

675,944,027

 

99.56

2,970,290

0.44

16,480

77.99%

10. 

To re-appoint Deloitte LLP as Auditor of the Company

678,386,427

 

99.91

590,625

0.09

14,660

78.00%

11. 

To authorise the directors to fix the remuneration of the Auditor

678,881,692

 

99.98

118,869

0.02

5,851

78.00%

12. 

To approve the Directors' Remuneration Report

486,539,655

71.66

192,436,697

28.34

107,374

78.00%

13. 

To authorise the directors to allot shares

649,115,447

95.58

30,010,548

4.42

4,841

78.02%

14. 

To enable the directors to allot shares for cash without first offering them to existing

shareholders for pre-emptive issues and general purposes*

671,924,283

98.96

7,068,039

1.04

4,940

78.00%

15. 

To enable the directors to allot shares for cash without first offering them to existing

shareholders for acquisitions and other capital investments*

655,339,318

96.52

23,657,073

3.48

47,690

78.00%

16. 

To authorise the Company to purchase ordinary shares*

672,243,028

99.02

6,664,044

0.98

44,430

77.99%

17. 

To authorise the Company to purchase preference shares*

660,422,420

97.26

18,586,412

2.74

64,564

78.00%

18. 

To fix the notice period for general meetings*

599,083,930

88.23

79,889,072

11.77

3,930

78.00%

 

*Special Resolution

 

NOTES: 
1   All resolutions were passed.
2   Votes "For" and "Against" are expressed as a percentage of votes received.  
3   A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
4   Total number of shares in issue at 6:30pm on 25 April 2018 = 870,471,954 shares. Over 75% of voting capital was instructed.

 

Resolution 12 Remuneration Report

Although the resolution was duly passed, the Board of directors of Rotork plc recognises that a significantly minority of shareholders (28.34%) voted against the resolution to approve the Remuneration Report.  This follows a similar level of dissent expressed by shareholders on the same resolution last year.  The Board welcomes an open and ongoing dialogue with shareholders and will continue to actively engage with shareholders to discuss their concerns.

Special Business - Copies of Resolutions

Copies of the following:

·     Ordinary resolution to authorise the directors to allot shares

 

·     Special resolutions to:

Empower the directors to allot shares for cash without first offering to existing shareholders for pre-emptive issues for general purposes

Empower the directors to allot shares for cash without first offering to existing shareholders for pre-emptive issues for acquisitions and other capital investments

Authorise the Company to purchase ordinary shares

Authorise the Company to purchase preference shares

Fix the notice period for general meetings

being resolutions (other than resolutions concerning ordinary business) passed by the Company at its AGM on 27 April 2018, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.

 

Copies are also available from the Company Secretary, Rotork Plc, Rotork House, Brassmill Lane, Bath, BA1 3JQ

 

Full details of the poll results for all resolutions are detailed below and can be found at:

http://www.rotork.com/investors/index/agm

 

Enquiries:

 

FTI Consulting  

Tel:  + 44 (0)20 3727 1340

Nick Hasell / Susanne Yule

 

Rotork plc

Tel:  +44 (0)1225 733 200

Stephen Jones, Company Secretary

 

Jonathan Davis, Finance Director

 

Sarah Matthews-DeMers, Director of Strategy and Investor Relations

 

 

 

27 April 2018


This information is provided by RNS
The company news service from the London Stock Exchange
 
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