Result of AGM

RNS Number : 7209N
SIG PLC
10 May 2018
 

10 May 2018

 

SIG plc

("SIG" or the "Company")

Results of Annual General Meeting ("AGM")

 

LEI: 213800VDC1BKJEZ8PV53

 

SIG announces that Resolutions 1 to 10 and 12 to 17 contained in the Notice of Annual General Meeting dated 4 April 2018 previously circulated to shareholders were duly passed by way of a show of hands at the Annual General Meeting ("AGM") of the Company held earlier today. Resolution 11 was defeated by way of a poll.

 

A breakdown of the proxy votes lodged prior to the AGM for each resolution are set out below:-

 





Resolution

For

Against

Withheld

1.  To receive the financial statements

271,269,028

232,436,879

1,411,555

2.  To approve the Annual Statement by the Chair of the Remuneration Committee and the Directors' Report on Remuneration

456,590,411

10,396,427

38,130,624

3.  To declare a final dividend

449,197,247

55,551,476

368,740

4.  To elect Mr A Allner

441,991,280

58,541,519

4,584,662

5.  To re-elect A Abt

452,098,424

52,640,136

378,902

6.  To re-elect J E Ashdown

452,038,435

52,701,737

370,290

7.  To re-elect I B Duncan

472,324,036

28,438,790

4,354,636

8.  To re-elect M Ewell

450,723,310

54,017,657

373,495

9.  To re-elect N W Maddock

503,402,881

1,333,658

380,924

10. To re-elect M Oldersma

501,968,585

2,773,883

374,995

11. To re-appoint Deloitte LLP as Auditor

108,962,143

395,827,122

371,198

12. To authorise the Audit Committee of the Board to determine the Auditors' remuneration

503,323,009

1,423,432

371,021

13. To authorise the Directors to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company

487,402,397

17,713,231

1,835

14. To empower the Directors to allot equity securities for cash

495,863,775

9,248,773

4,915

15. To empower the Directors to allot equity securities for cash (further 5%)

458,151,232

46,961,315

4,915

16. To renew the authority for the Company to purchase its own shares

469,601,008

35,127,916

388,538

17. To call general meetings on not less than 14 clear days' notice

478,828,769

25,907,612

381,082

                       

Notes

1.         Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.         A "vote withheld" is not a vote in law and is not counted in the calculation proportion of the votes "for" or "against" a resolution.

3.         In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

4.         A copy of the poll results for the Annual General Meeting is also available on the SIG plc website at www.sigplc.com.

5.         Issued share capital as at 10 May 2018 is 591,548,235 ordinary shares of 10 pence each in the capital of the Company.

 

In relation to today's AGM, the Board recognises that there has been a vote against Resolution 11 (re-appointment of the external auditors) and a substantial number of votes cast against Resolution 1 (approval of the Annual Report and Accounts). The Board takes the views of shareholders extremely seriously, and takes this opportunity to inform shareholders that it is committed to carrying out an EU Audit Regulation compliant audit tender for the role of external auditor, as soon as practicable. The Board intends to consult with shareholders over coming weeks on the timing of that audit tender process and the resulting appointment of a new auditor.

 

In the meantime, Deloitte LLP will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 December 2017.

 

 

Enquiries:

 



SIG plc


Meinie Oldersma, Chief Executive Officer

+44 (0) 114 285 6300

Nick Maddock, Chief Financial Officer

+44 (0) 114 285 6300

 

FTI Consulting


Richard Mountain / Nick Hasell

+ 44 (0) 20 3727 1340



 

Jefferies Hoare Govett


Chris Dickinson / Paul Nicholls

+44 (0) 20 7029 8000



 

Peel Hunt LLP


Justin Jones / Charles Batten

+44 (0) 20 7418 8900

























                     

 

 

 


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