Last checked at 20 Jul 2018 07:00
CARCLO PLC
RESULTS OF ANNUAL GENERAL MEETING HELD ON 19 JULY 2018
Carclo plc is pleased to announce that at the Annual General Meeting ("AGM") held at 11am on Thursday 19 July 2018 all the resolutions considered at the meeting were duly passed on a show of hands.
The proxy votes cast are shown below:
VOTES | VOTES | VOTES | ||
RESOLUTION | FOR | AGAINST | WITHHELD | |
1. | To receive the financial statements and the auditors' and directors' reports for the year ended 31 March 2018 | 43,798,671 | 8,314 | 1,000 |
2. | To approve the directors' remuneration report for the year ended 31 March 2018 | 41,937,015 | 1,045,099 | 825,871 |
3. | To elect M Rollins as a director | 43,678,286 | 5,846 | 123,853 |
4. | To elect S Matthews-DeMers as a director | 43,676,195 | 7,937 | 123,853 |
5. | To re-elect CJ Malley as a director | 43,706,724 | 100,158 | 1,103 |
6. | To re-elect P Slabbert as a director | 42,789,430 | 1,017,452 | 1,103 |
7. | To re-elect D Toohey as a director | 43,800,049 | 7,283 | 653 |
8. | To reappoint KPMG LLP as auditors | 42,982,613 | 810,719 | 14,653 |
9. | To authorise the audit committee to determine the auditors' remuneration | 43,800,233 | 4,749 | 3,003 |
10. | To authorise the directors to allot shares | 43,728,068 | 68,594 | 11,323 |
11. | Special resolution to empower the directors to issue shares for cash free from statutory pre-emption rights | 35,949,184 | 7,844,978 | 13,823 |
12. | Special resolution to empower the directors to issue shares for cash free from statutory pre-emption rights in connection with acquisitions or other capital investments | 35,209,834 | 8,584,328 | 13,823 |
13. | Special resolution to authorise the company to purchase its own shares | 42,469,763 | 1,324,552 | 13,670 |
14. | Special resolution to call general meetings (other than annual general meetings) on not less than 14 days' notice | 39,364,445 | 4,440,540 | 3,000 |
Where shareholders have appointed the Chairman of the AGM as their proxy with discretion as to voting, these votes have been cast in favour of all the resolutions.
Despite prior engagement with shareholders, the Board notes the significant votes against Resolutions 11 and 12 relating to the disapplication of pre-emption rights. The Board will continue to engage with shareholders, and particularly those who voted against these resolutions, in order to fully understand their views in relation to the specific authorities sought.
The current issued capital of Carclo plc is 73,286,918 shares.
The full text of the resolutions can be found in the Notice of AGM on the Company's website