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Lamprell plc (LAM)

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Wednesday 23 May, 2018

Lamprell plc

Results of 2018 AGM

RNS Number : 9917O
Lamprell plc
23 May 2018
 

 

 

23 May 2018

 

LAMPRELL PLC
("Lamprell" or the "Company", and with its subsidiaries the "Group")

 

RESULTS OF 2018 AGM

 

 

At the Annual General Meeting of the Company held at 10.00AM (local time) yesterday at 7th Floor, Jumeirah Emirates Tower, Sheikh Zayed Road, Dubai, United Arab Emirates, all the resolutions set out in the Notice of Annual General Meeting ("AGM Notice") published by the Company on 23 April 2018 were duly passed.

 

Voting on all resolutions was by way of a show of hands.  Voting on resolutions 8, 10 and 12 was by Independent Shareholders (as defined in the AGM Notice) only.

 

FINAL PROXY VOTING TOTALS

 

Details of the final proxy votes received in respect of the resolutions proposed at the Annual General Meeting are as follows:

 

Resolution no

Business

TOTAL SHARES VOTED

FOR/ DISCRETION

AGAINST

WITHHELD


Ordinary Business





1

To receive and adopt the Company's financial statements together with the reports of the directors and auditors for the period ending 31 December 2017

277,563,208

277,563,208

0

1,846,528

2

To approve the Directors' annual report on remuneration for the year ended 31 December 2017 included in the 2017 Annual Report and Accounts

279,408,478

204,758,392

74,650,086

1,259

3

To elect  John Malcolm as a director of the Company

279,409,073

273,475,322

5,933,751

663

4

To elect Christopher McDonald as a director of the Company

279,409,336

276,366,654

3,042,682

401

5

To elect Antony Wright as a director of the Company

279,409,074

275,208,489

4,200,585

663

6

To elect Nicholas Garrett as a director of the Company

279,409,336

274,539,666

4,869,670

401

7

To elect James Dewar as a director of the Company

279,409,336

279,405,850

3,486

401

8

To elect  James Dewar  as a director of the Company (Independent Shareholder vote)

166,219,945

166,216,721

3,224

401

9

To elect Debra Valentine as a director of the Company

279,409,073

269,239,204

10,169,869

663

10

To elect  Debra Valentine as a director of the  Company (Independent Shareholder vote)

166,227,045

164,127,692

2,099,353

401

11

To elect Mel Fitzgerald as a director of the Company

279,409,335

272,307,560

7,101,775

401

12

To elect  Mel Fitzgerald as a director of the Company (Independent Shareholder vote)

166,227,044

162,246,148

3,980,896

401

13

To appoint Deloitte LLP, Isle of Man, as auditors of the Company

279,408,227

279,406,659

1,568

1,510

14

To authorise the directors to fix the auditors' remuneration

279,407,473

279,405,905

1,568

2,264


Special Business





 

15

To authorise the directors to allot shares pursuant to Article 5.1 of the Company's Articles of Association

279,408,582

279,404,784

3,798

1,155

16

To disapply the pre-emption rights pursuant to article 5.2 of the Company's Articles of Association

279,408,582

279,396,784

11,798

1,155

17

To authorise the Company to make market purchases of its ordinary shares

279,408,982

276,729,442

2,679,540

754







 

 

Our 2017 Directors' annual report on remuneration has been approved by shareholders with 73.3% of votes cast in favour of the resolution. While the Board is disappointed not to have received a higher level of support for the resolution given the report's conformity with our existing remuneration policy, we understand the specific concern raised by our shareholders and we will continue to actively engage with them on executive remuneration and other issues.

 

 

 

Notes to proxy voting totals table:

 

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 of the proportion of votes for or against a resolution and is not included in the total proxy votes received for each resolution.

 

3. Number of ordinary shares of 5 pence each in issue at meeting date: 341,726,570.

 

4. The Controlling Shareholder (as defined in the AGM Notice) was not eligible to vote on resolutions 8, 10 and 12.  The Controlling Shareholder holds a total of 113,182,291 Ordinary Shares, equating to 33.12% of the issued ordinary share capital with voting rights.

 

** These votes reflect the results of the poll taken during the meeting, rather than the proxy votes received.

 

Copies of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/nsm.

 

 

- Ends -

 

 

Enquiries:

 

Lamprell plc

Alex Ridout, Company Secretary

+971 (0) 4 803 9308

Maria Babkina

+44 (0) 7852 618 046



Tulchan Communications, London

Martin Robinson

+44 (0) 207 353 4200

Martin Pengelley


 


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