Information  X 
Enter a valid email address

Smith & Nephew Plc (SN.)

  Print      Mail a friend       Annual reports

Thursday 09 April, 2020

Smith & Nephew Plc

Result of AGM

RNS Number : 4175J
Smith & Nephew Plc
09 April 2020
 

9 April 2020

Smith & Nephew plc (the "Company")

In accordance with the arrangements announced on 6 April 2020, the Company held its Annual General Meeting ("AGM") at 2:00pm today, Thursday 9 April 2020.

The meeting took place, reduced to the minimum necessary quorum of two shareholders, facilitated by the Company. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. The final results of which, for each resolution put to the meeting, were as follows:

 

Resolution

 

For/Discretion

(Number of

votes)

 

Percentage For/Discretion

(%)

 

Against

(Number of

votes)

 

Percentage

Against

(%)

Total votes validly cast

Percentage  of relevant shares

in issue

(%)

Withheld

(Number of votes)

Ordinary resolutions 

 








1. To receive the audited accounts

685,141,328

99.98

128,444

0.02

685,269,772

78.3

7,674,991

2. To approve the Directors' Remuneration Policy

676,749,445

97.71

15,843,720

2.29

692,593,165

79.18

352,762

3. To approve the Directors' Remuneration Report (excluding Policy)

681,744,061

98.43

10,850,266

1.57

692,594,327

79.18

351,642

4. To declare a final dividend

691,924,436

99.88

798,153

0.12

692,722,589

79.19

222,617

5. To re-elect Graham Baker

Resolution not put to the meeting.

6. To re-elect Vinita Bali

591,473,788

94.09

37,131,758

5.91

628,605,546

71.86

64,323,577

7.  To re-elect The Rt. Hon Baroness Virginia Bottomley of Nettlestone DL

690,708,099

99.72

1,917,540

0.28

692,625,639

79.18

301,887

8. To re-elect Roland Diggelmann

688,112,446

99.87

898,148

0.13

689,010,594

78.77

3,802,261

9. To re-elect Erik Engstrom

689,606,693

99.57

2,961,912

0.43

692,568,605

79.18

280,058

10. To re-elect Robin Freestone

678,289,890

97.94

14,292,677

2.06

692,582,567

79.18

266,075

11. To re-elect Marc Owen

688,512,909

99.92

584,553

0.08

689,097,462

78.78

3,751,180

12. To re-elect Angie Risley

691,320,408

99.82

1,256,664

0.18

692,577,072

79.18

271,192

13. To re-elect Roberto Quarta

683,809,628

98.74

8,747,846

1.26

692,557,474

79.18

290,937

14. To re-appoint the Auditor 

689,101,456

99.99

101,758

0.01

689,203,214

78.79

3,741,192

15.  To authorise the Directors to determine the remuneration of the Auditor

692,625,608

99.99

81,717

0.01

692,707,325

79.19

235,374

16. To approve the Smith & Nephew Global Share Plan 2020

685,778,151

99.01

6,872,916

0.99

692,651,067

79.19

256,333

17. To renew the Directors' authority to allot shares

660,816,988

95.39

31,905,973

4.61

692,722,961

79.20

208,851

Special resolutions

 








18. To renew the Directors' authority for the disapplication of the pre-emption rights

682,047,234

98.46

10,643,771

1.54

692,691,005

79.19

254,025

19. To renew the Directors' authority for the disapplication of the pre-emption rights for the purposes of acquisitions or other capital investments

677,240,484

97.77

15,466,978

2.23

692,707,462

79.19

236,741

20. To renew the Directors' limited authority to make market purchases of the Company's own shares

683,625,602

98.70

8,978,801

1.30

692,604,403

79.18

327,113

21. To authorise general meetings to be held on 14 clear days' notice

646,811,375

93.80

42,770,533

6.20

689,581,908

78.84

3,366,278

 

The number of ordinary shares in issue on 7 April 2020 at 6pm (excluding shares held in Treasury) was 874,705,003. Shareholders are entitled to one vote per share.  A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

 

A copy of the Resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism  

 

In accordance with LR 9.6.11 R and in deviation to the effective date stated in the announcement made on 5 March 2020, resolution 5 was not put to the Meeting and Graham Baker did not stand for re-election as a Director. Graham therefore stood down from the Board with effect from the conclusion of the AGM but will remain an employee of the Company until 30 April 2020.

 

In accordance with section 430(2B) of the Companies Act 2006, the Company re-confirms that Graham Baker will be paid in accordance with the Company's Remuneration Policy and the terms of his service agreement. He will continue to receive his salary, benefits and pension contributions in the normal way up to 30 April 2020 and all unvested awards under the Performance Share Programme and the Equity Incentive Programme will lapse on his leaving the Company. No other remuneration payment or payment for loss of office will be made in connection with his departure.

 

As announced on 5 March 2020, Smith & Nephew plc confirms that at the conclusion of today's AGM, Rick Medlock joined the Board and Audit Committee.

 

 

Susan Swabey

Company Secretary

Smith & Nephew plc

Tel:  +44 (0)1923 477317


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
RAGUKOORROUSRAR

a d v e r t i s e m e n t