Results of AGM and Directorate Change

RNS Number : 1539M
TT Electronics PLC
06 May 2020
 

6 May 2020

 

TT Electronics plc

("the Company")

 

Annual General Meeting Results & Directorate Change

 

 

The Company announces that Neil Carson stepped down as a director of the Company from the close of the Company's Annual General Meeting (AGM) held on 6 May 2020. Neil's intention to step down was previously announced in December 2019. Warren Tucker was appointed as a director of the Company on 2 April 2020 and became Chairman of the Board at the close of the AGM, following the announcement made on 3 April 2020.

 

The Company is also pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 10.00 am on 6 May 2020 were duly passed.

 

A poll was conducted on resolutions 1- 21, with the exception of resolutions 4 and 6 which were withdrawn. The results of the poll were as follows.

 

RESOLUTION

VOTES FOR (including discretionary)

VOTES AGAINST

% of issued share capital voted

VOTES WITHHELD**


NUMBER

%

NUMBER

%

1.  Receive Annual report and accounts

132,121,907

99.96%

50,244

0.04%

80.56%

15,175

2.  Remuneration report

124,542,291

97.28%

3,486,914

2.72%

78.03%

4,158,121

3.  Remuneration Policy

109,271,441

91.89%

9,642,007

8.11%

72.48%

13,273,878

4.  Resolution withdrawn*







5.  Elect Anne Thorburn

132,109,998

99.97%

42,089

0.03%

80.55%

35,240

6.  Resolution withdrawn*







7.  Re-elect Richard Tyson

132,113,148

99.97%

40,858

0.03%

80.55%

33,321

8.  Re-elect Mark Hoad

131,978,071

99.87%

175,935

0.13%

80.55%

33,321

9.  Re-elect Stephen King

132,119,998

99.97%

39,029

0.03%

80.55%

28,300

10.  Re-elect Jack Boyer

132,119,777

99.97%

40,300

0.03%

80.55%

27,250

11.  Re-elect Alison Wood

128,045,977

99.96%

46,984

0.04%

78.07%

4,094,366

12.  Appoint Deloitte LLP as Auditor

132,120,308

99.95%

59,714

0.05%

80.56%

7,305

13.  Auditors' remuneration

132,123,296

99.97%

36,943

0.03%

80.55%

27,088

14.  Authority to allot shares

126,230,228

95.52%

5,922,011

4.48%

80.55%

35,088

15.  Approve Deferred Share Bonus Plan

128,653,985

97.36%

3,486,314

2.64%

80.54%

47,027

16.  Approve Sharesave Scheme

132,059,592

99.95%

64,163

0.05%

80.53%

63,572

17.  Approve USA Employee Stock Purchase Plan

131,950,475

99.95%

72,418

0.05%

80.47%

164,434

18.  Authority to disapply pre-emption rights (1)***

131,845,308

99.85%

196,586

0.15%

80.48%

145,433

19.  Authority to disapply pre-emption rights (2)***

128,480,880

97.29%

3,574,913

2.71%

80.49%

131,533

20.  Purchase of own shares***

128,565,632

97.34%

3,506,551

2.66%

80.50%

115,143

21.  Notice of general meetings***

131,252,055

99.32%

893,597

0.68%

80.54%

41,675

 

* Resolution 4 (to pay a final dividend) and Resolution 6 (to re-elect Neil Carson as a director) were withdrawn and so were not put to the meeting.

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

*** Special resolution.

 

An additional ordinary resolution was put to the meeting as Resolution 22, to elect Warren Tucker as a director. This resolution was passed on a show of hands. Warren joined the Board on 2 April 2020, after the Notice of Annual General Meeting had been posted to shareholders. Warren will stand for re-election by shareholders at the 2021 Annual General Meeting.

 

In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

L D Boardman

Group Company Secretary

 


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