Result of AGM

Rotork PLC
28 April 2023
 

28 April 2023

 

Rotork Plc

('the Company' or 'Rotork')

 

2023 Annual General Meeting - Poll Results and Chair Accession

 

The Company's 2023 Annual General Meeting ('AGM') was held today in the Brunel Suite at the Bailbrook House Hotel, Eveleigh Avenue, London Road West, Bath, BA1 7JD.  All resolutions, as set out in the Notice of AGM dated 23 March 2023 and put to the meeting, were decided on by a poll and were passed.

 

Resolutions 1 to 17 were each passed as an ordinary resolution and resolutions 18 to 22 were each passed as a special resolution.

 

The following table summarises the final poll result for each resolution:

 

 

For 2

Against2

 

 

Resolution

No. of Shares

%

No. of Shares

%

No. of Votes withheld3

 

Total Capital Instructed

 

1.   

To receive the 2022 Annual Report and audited accounts               

697,003,548

99.99

89,076

0.01

730,325

80.98%

2.   

To declare a final dividend of 4.30p per ordinary share

697,491,835

99.95

325,527

0.05

5,587

81.06%

3.   

To approve the Directors' Remuneration Policy

683,772,096

98.04

13,640,012

1.96

410,841

81.01%

4.   

To approve the Directors' Remuneration Report

679,150,943

97.82

15,105,911

2.18

3,566,095

80.65%

5.   

To re-elect AC Andersen as a director

683,725,512

97.99

14,006,632

2.01

90,805

81.05%

6.   

To re-elect TR Cobbold as a director

696,121,217

99.77

1,612,171

0.23

89,561

81.05%

7.    

To re-elect JM Davis as a director

694,529,087

99.54

3,207,301

0.46

86,561

81.05%

8.   

To re-elect PG Dilnot as a director

697,542,079

99.97

185,065

0.03

95,805

81.05%

9.   

To re-elect KT Huynh as a director

697,542,687

99.97

190,701

0.03

89,561

81.05%

10. 

To re-elect KFS Meurk-Harvey as a director

696,160,217

99.77

1,571,927

0.23

90,805

81.05%

11. 

To re-elect JE Stipp as a director

696,160,067

99.77

1,572,077

0.23

90,805

81.05%

12. 

To elect DC Thompson as a director

694,644,862

99.56

3,091,526

0.44

86,561

81.05%

13. 

To re-appoint Deloitte LLP as Auditor of the Company

695,529,824

99.96

262,081

0.04

2,031,044

80.83%

14. 

To authorise the Audit Committee to determine Auditor's remuneration

697,585,124

99.97

176,076

0.03

61,749

81.05%

15. 

Authority to make political donations

678,601,495

 97.30

18,854,367

2.70

384,587

81.02%

16. 

Authority for the directors to allot shares

669,569,243

95.97

28,113,341

4.03

77,575

81.04%

17. 

Authority to adopt new rules of the Rotork Sharesave Scheme

697,060,025

99.92

588,374

0.08

111,760

81.04%

18. 

General authority to dis-apply pre-emption rights*

687,510,138

98.59

9,836,044

1.41

413,977

81.01%

19. 

Authority to dis-apply pre-emption rights for acquisitions / capital investments*

685,672,334

98.33

11,673,848

1.67

413,977

81.01%

20. 

Authority to purchase own ordinary shares*

695,236,140

99.69

2,128,354

0.31

395,665

81.01%

21. 

Authority to purchase own preference shares*

695,493,808

99.73

1,866,082

0.27

400,269

81.01%

22. 

Notice period for general meetings*

640,784,329

92.10

54,953,704

7.90

2,022,126

80.82%

*Passed as a special resolution

The Board of Rotork plc is pleased to note that all resolutions were passed at today's AGM and we welcome the substantial support of the Company's shareholders for all the resolutions proposed.

Pursuant to Listing Rule 9.6.11(3), the Company is pleased to confirm that Dorothy Thompson, CBE acceded to the role of Chair at the conclusion of today's AGM.  Dorothy succeeds Martin Lamb who has stepped down as Chairman and as a director today after nearly nine years on the Board. Dorothy's appointment as Non-executive Director and Chair Designate was announced on 1 December 2022 (RNS Number: 1581I).

 

Notes: 

 

1.    The total votes cast in favour of each resolution include those giving the Chairman discretion.

2.    Votes "For" and "Against" are expressed as a percentage of votes received with percentages rounded to two decimal places.

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.    The total number of ordinary 0.5p shares in issue on 28 April 2023 was 860,859,793 with no shares being held in treasury. The total number of voting rights in respect of these ordinary shares was 860,859,793 with each ordinary share having one vote.

5.    In accordance with Listing Rule 9.6.2, a copy of all resolutions passed by the Company, other than those resolutions concerning ordinary business, will be submitted to the UK Listing Authority and made available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

6.    A copy of this announcement has been posted on the Company's website at www.rotork.com/investors/index/agm.

7.    Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

Enquiries:

 


Rotork plc

Tel:  +44 (0)1225 733 200

Stuart Pain, Group General Counsel & Company Secretary

Andrew Carter, Investor Relations Director




FTI Consulting


Nick Hasell/Susanne Yule

Tel:  + 44 (0)20 3727 1340



 

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