Results of Annual General Meeting 2021

RNS Number : 5853Y
TI Fluid Systems PLC
13 May 2021
 

13 May 2021

 

 

TI Fluid Systems plc

(the "Company")

 

Results of Annual General Meeting 2021  ("AGM")

 

The Company announces the results of the AGM which was held today, Thursday, 13 May 2021 at 2 pm.

 

All resolutions put to the meeting were approved by votes on a show of hands. The proxy position of each resolution at the close of books on 11 May 2020 at 2 pm is set out in the table below.

 

 


VOTES FOR

 

VOTES AGAINST

VOTES TOTAL

VOTES WITHHELD

 

RESOLUTION

Number of shares

% of

shares voted

Number of shares

% of

shares voted

% of issued share capital

Number of shares

1

Annual report and accounts

488,576,014

100.00%

0

0.00%

488,576,014

93.91

706,935

2

Directors' remuneration report

372,715,911

76.18%

116,565,413

23.82%

489,281,324

94.04

1,625

3

Directors' Remuneration Policy

368,648,750

75.34%

120,632,574

24.66%

489,281,324

94.04

1,625

4

Re-election of Manfred Wennemer as a director

395,263,207

80.82%

93,828,050

19.18%

489,091,257

94.01

191,692

5

Re-election of William L. Kozyra as a director

488,924,198

99.93%

356,533

0.07%

489,280,731

94.04

2,218

6

Re-election of Tim Cobbold as a director

480,661,675

98.24%

8,619,056

1.76%

489,280,731

94.04

2,218

7

Re-election of Ron Hundzinski as a Director

484,458,139

99.01%

4,822,592

0.99%

489,280,731

94.04

2,218

8

Re-election of Susan Levine as a director

467,018,653

99.92%

351,767

0.08%

467,370,420

89.83

21,912,529

9

Re-election of Elaine Sarsynski as a director

488,493,705

99.95%

237,026

0.05%

488,730,731

93.94

552,218

10

Re-election of John Smith as a director

480,870,736

98.28%

8,409,995

1.72%

489,280,731

94.04

2,218

11

Re-election of Stephen Thomas as a director

386,948,395

82.79%

80,422,025

17.21%

467,370,420

89.83

21,912,529

12

Re-election of Jeffrey Vanneste as a director

480,870,736

98.28%

8,409,995

1.72%

489,280,731

94.04

2,218

13

Re-appointment of auditor

469,425,858

95.94%

19,855,422

4.06%

489,281,280

94.04

1,669

14

Auditors' remuneration

477,099,405

97.51%

12,181,919

2.49%

489,281,324

94.04

1,625

15

Directors' authority to allot shares

488,407,001

99.82%

875,948

0.18%

489,282,949

94.04

0

16

Disapplication of pre-emption rights *

481,433,058

98.40%

7,848,391

1.60%

489,281,449

94.04

1,500

17

Further disapplication of pre-emption rights *

476,193,331

97.32%

13,089,618

2.68%

489,282,949

94.04

0

18

Authority to purchase shares *

484,201,622

98.97%

5,023,266

1.03%

489,224,888

94.03

58,061

19

Political donations or expenditure

466,843,787

97.08%

14,045,494

2.92%

480,889,281

92.43

8,393,668

20

Notice of general meeting *

487,280,893

99.59%

2,002,056

0.41%

489,282,949

94.04

0

  * Special resolutions

 

Votes excluding controlling shareholders on the resolutions concerning the re-election of the Independent Non-Executive Directors

 

 


VOTES FOR

 

VOTES AGAINST

VOTES TOTAL

VOTES WITHHELD

 

RESOLUTION

Number of shares

% of

shares voted

Number of shares

% of

shares voted

Number of shares

% of issued share capital

Number of shares

4

Re-election of Manfred Wennemer as a director

164,986,136

63.75%

93,828,050

36.25%

258,814,186

89.49

191,692

6

Re-election of Tim Cobbold as a director

250,384,604

96.67%

8,619,056

3.33%

259,003,660

89.56

2,218

9

Re-election of Elaine Sarsynski as a director

258,216,634

99.91%

237,026

0.09%

258,453,660

89.37

552,218

10

Re-election of John Smith as a director

250,593,665

96.75%

8,409,995

3.25%

259,003,660

89.56

2,218

12

Re-election of Jeffrey Vanneste as a director

250,593,665

96.75%

8,409,995

3.25%

259,003,660

89.56

2,218

 

Notes:

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

2.  The total number of ordinary shares in issue at 11 May 2021 was 520,269,141.

3.  Total ordinary shares held by shareholders excluding the controlling shareholder at 11 May 2021 was 289,204,509.

4.  A 'Vote Withheld' is not counted towards the votes cast 'For' or 'Against' a resolution.

 

We will continue to engage actively with shareholders to understand their views and the reasons for the minority vote against resolutions 2, 3 and 4 and will carefully consider all feedback. We will publish an update on that engagement and on any action taken as a result of this within six months of the AGM, in accordance with the UK Corporate Governance Code.

 

A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism  and on the Company's website at   www.tifluidsystems.com .

 

Enquiries:




TI Fluid Systems plc


David J Royce

+1 (248) 376 8624

Investor Relations




Matthew Paroly

+44 (0)1865 871855

Company Secretary




FTI Consulting

+44 (0)20 3727 1340

Richard Mountain


Nick Hasell






 

About TI Fluid Systems plc

 
TI Fluid Systems plc, (LSE: TIFS) is a leading global manufacturer of highly engineered automotive fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 107 locations across 28 countries serving all major global OEMs.

 

 

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