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19 Mar 2015 14:21
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FOR IMMEDIATE RELEASE 19 MARCH 2015
CHEMRING GROUP PLC
Result of AGM
At the Annual General Meeting of Chemring Group PLC held on 19 March 2015 all resolutions in the Notice of Meeting were considered by shareholders by means of a poll vote and all resolutions were passed by the necessary majority.
The results of the polls on the resolutions are shown in the table below and will be posted on the Company's websiteΒ www.chemring.co.uk Β
RESOLUTION | VOTESFOR | % | VOTES AGAINST | % | VOTESTOTAL | % of ISC VOTED | VOTES WITHHELD |
1 | 157,803,003 | 99.99 | 14,360 | 0.01 | 157,817,363 | 81.64% | 79,711 |
2 | 82,074,006 | 57.20 | 61,415,442 | 42.80 | 143,489,448 | 74.23% | 14,407,194 |
3 | 157,885,946 | 99.99 | 8,990 | 0.01 | 157,894,936 | 81.69% | 1,995 |
4 | 157,325,371 | 99.64 | 564,127 | 0.36 | 157,889,498 | 81.68% | 7,113 |
5 | 154,362,636 | 97.77 | 3,526,679 | 2.23 | 157,889,315 | 81.68% | 7,188 |
6 | 155,880,727 | 98.73 | 2,007,127 | 1.27 | 157,887,854 | 81.68% | 8,620 |
7 | 157,322,436 | 99.64 | 565,127 | 0.36 | 157,887,563 | 81.68% | 8,620 |
8 | 153,722,978 | 97.73 | 3,571,220 | 2.27 | 157,294,198 | 81.37% | 601,985 |
9 | 152,261,693 | 96.52 | 5,488,810 | 3.48 | 157,750,503 | 81.61% | 146,000 |
10 | 148,701,210 | 94.27 | 9,031,173 | 5.73 | 157,732,383 | 81.60% | 146,200 |
11 | 142,295,884 | 90.13 | 15,588,247 | 9.87 | 157,884,131 | 81.68% | 11,122 |
12 | 155,208,169 | 98.31 | 2,666,237 | 1.69 | 157,874,406 | 81.67% | 1,317 |
13 | 156,439,904 | 99.09 | 1,444,521 | 0.91 | 157,884,425 | 81.68% | 12,186 |
14 | 153,404,046 | 97.18 | 4,452,748 | 2.82 | 157,856,794 | 81.67% | 21,257 |
15 | 157,831,099 | 99.97 | 43,863 | 0.03 | 157,874,962 | 81.67% | 4,339 |
16 | 147,946,456 | 93.71 | 9,931,357 | 6.29 | 157,877,813 | 81.68% | 800 |
* ISC = Issued Share Capital of the Company
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The Board is disappointed to note that whilst the resolution to approve the directors' remuneration report was passed with the requisite majority, there were a significant number of votes opposing the resolution. We have already engaged with certain shareholders and representative bodies to discuss their concerns relating to our remuneration report, and will continue to take appropriate steps to ensure that we fully understand shareholders' concerns.
A copy of the ordinary and special resolutions passed at the meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM
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Notes:
(i) Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.
(ii) A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.
(iii) Resolutions 1 to 13 were passed as ordinary resolutions.Β Resolutions 14 to 16 were passed as special resolutions.
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For further information:
Sarah Ellard | Group Legal Director & Company Secretary, Chemring Group PLC | +44 (0)1794 833903 |
Rupert Pittman | Group Director of Communications and Investor Relations, Chemring Group PLC | +44 (0)1794 833909 |
James White Adam Leviton Β | MHP Communications Β | Β +44 (0)203 128 8100 |
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