Last checked at 1 Feb 2019 10:00
1 February 2019
Avon Rubber p.l.c.
(the 'Company')
Result of AGM
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held yesterday, all the resolutions proposed in the Notice of Meeting were duly passed.
A breakdown of proxy votes lodged prior to the meeting for each resolution is set out below and will also be made available on the Company's website: www.avon-rubber.com
For | %
| Against | %
| Withheld | ||
1 | To receive the Report and Accounts | 20,694,695 | 99.99 | 0 | 0 | 1,943 |
2 | To approve the Directors' Remuneration Report | 19,401,609 | 94.28 | 1,176,000 | 5.71 | 119,028 |
3 | To approve the Directors' Remuneration Policy | 20,492,516 | 99.01 | 203,267 | 0.98 | 854 |
4 | To declare a final dividend | 20,696,445 | 99.99 | 0 | 0 | 193 |
5 | To re-elect David Evans as a Director | 20,036,979 | 96.81 | 659,037 | 3.18 | 621 |
6 | To re-elect Pim Vervaat as a Director | 19,116,327 | 92.36 | 1,579,690 | 7.63 | 621 |
7 | To re-elect Chloe Ponsonby | 20,105,796 | 97.14 | 590,220 | 2.85 | 621 |
8 | To re-appoint Paul McDonald as a Director | 20,675,148 | 99.89 | 20,869 | 0.1 | 621 |
9 | To re-appoint Nick Keveth as a Director | 20,654,972 | 99.79 | 41,045 | 0.2 | 621 |
10 | To appoint KPMG as auditor of the Company | 20,674,449 | 99.89 | 21,607 | 0.1 | 582 |
11 | To authorise the Directors to determine the auditors' remuneration | 20,680,342 | 99.91 | 16,025 | 0.08 | 271 |
12 | To authorise the Directors to allot shares | 20,682,561 | 99.93 | 13,145 | 0.06 | 932 |
13 | To disapply pre-emption rights* | 20,390,573 | 98.52 | 305,060 | 1.47 | 1,005 |
14 | To disapply pre-emption rights limited to acquisition/specified capital investment* | 20,207,485 | 97.63 | 488,147 | 2.36 | 1,005 |
15 | To authorise the Company to purchase its own shares* | 20,497,458 | 99.04 | 196,265 | 0.95 | 2,914 |
16 | To authorise short notice general meetings* | 18,681,668 | 90.25 | 2,014,850 | 9.74 | 120 |
17 | To approve the rules of the Avon Long Term Incentive Plan* | 20,229,336 | 97.75 | 463,781 | 2.24 | 3,520 |
18 | To approve the amendment to the Articles of Association* | 20,423,570 | 98.69 | 269,065 | 1.3 | 4,003 |
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 under English law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
3. Discretionary proxy votes lodged in favour of a third party have not been included in the "for", "against" or "total" figures.
4. At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.
Confirmation of Auditor Ceasing to Hold Office
At the AGM shareholders approved the appointment of KPMG LLP as Auditor of the Company for the financial year commencing 1 October 2018. PricewaterhouseCoopers LLP has confirmed it has ceased to hold office as Auditor of the Company, in accordance with Section 519 of the Companies Act 2006, and provided the following Statement of Reasons to the Company:
"The reason we are ceasing to hold office is that the Company undertook a competitive tender process for the position of statutory auditor and we mutually agreed with the Audit Committee not to participate due to the time of our tenure.
There are no reasons for and no other matters connected with our ceasing to hold office as auditors of the Company that we consider need to be brought to the attention of the Company's members or creditors."
A copy of PricewaterhouseCoopers' Statement of Reasons will be sent to shareholders for information only, as required by Section 520(2) of the Companies Act 2006 and will shortly be available to view on the National Storage Mechanism.
Miles Ingrey-Counter
Company Secretary
LEI: 213800JM1AN62REBWA71