11 May 2016 15:30
11 May 2016
Cape plc
("Cape" or the "Company")
Result of 2016 Annual General Meeting
Cape plc, the international provider of critical support services to the energy and natural resources sectors, announces that at its Annual General Meeting held earlier today, all the resolutions put to shareholders were duly passed on a poll.
Full details of the resolutions passed, together with explanatory notes, are set out in Notice of Meeting which is available on the Company's website www.capeplc.com.
Resolutions | For | Against | Votes Withheld (Note 1) | Total | ||
Number | % | Number | % | |||
1. To receive and adopt the audited financial statements of the Company for the financial year ended 31 December 2015 together with the report of the directors and auditors thereon. | 101,251,792 | 100.00 | 263 | 0.00 | 100,900 | 101,352,955 |
2. To declare the final dividend of 9.5 pence per Ordinary Share.
| 101,252,055 | 100.00 | 0 | 0.00 | 100,900 | 101,352,955 |
3. To approve the Directors' Remuneration Report of Cape plc for the year ended 31 December 2015.
| 99,088,019 | 97.89 | 2,132,349 | 2.11 | 132,587 | 101,352,955 |
4. To re-appoint Tim Eggar as a director. | 101,154,469 | 99.91 | 95,973 | 0.09 | 102,513 | 101,352,955 |
5. To re-appoint Joe Oatley as a director. | 100,953,661 | 99.71 | 296,781 | 0.29 | 102,513 | 101,352,955 |
6. To re-appoint Michael Speakman as a director. | 100,937,969 | 99.69 | 312,473 | 0.31 | 102,513 | 101,352,955 |
7. To re-appoint Michael Merton as a director. | 101,180,469 | 99.93 | 69,973 | 0.07 | 102,513 | 101,352,955 |
8. To re-appoint Steve Good as a director. | 101,180,469 | 99.93 | 69,973 | 0.07 | 102,513 | 101,352,955 |
9. To re-appoint Samantha Tough as a director. | 101,180,469 | 99.93 | 69,973 | 0.07 | 102,513 | 101,352,955 |
10. To re-appoint Brian Larcombe as a director. | 101,233,135 | 99.98 | 17,307 | 0.02 | 102,513 | 101,352,955 |
11. To re-appoint Ernst & Young LLP as auditors of the Company. | 100,993,392 | 99.74 | 258,663 | 0.26 | 100,900 | 101,352,955 |
12. To authorise the Directors to determine the auditors remuneration. | 101,244,458 | 100.00 | 1,597 | 0.00 | 106,900 | 101,352,955 |
13. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company. | 101,135,889 | 99.89 | 109,565 | 0.11 | 107,501 | 101,352,955 |
14. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association. (Note 2)
| 101,193,840 | 99.86 | 146,614 | 0.14 | 12,501 | 101,352,955 |
15. To authorise the Company to purchase its own shares. | 343,089,274 | 99.89 | 365,147 | 0.11 | 106,408 | 343,560,829 |
16. To amend the articles of association of the Company. | 100,776,496 | 99.53 | 471,209 | 0.47 | 105,250 | 101,352,955 |
Note 1: "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution and is not reflected in the total figures set out above.
Note 2: Votes for resolution 14 include 242,207,874 votes attributable to the 1 scheme share of £1 held by The Law Debenture Trust Corporation p.l.c.
Following the passing of Resolution 16, it is the Board's current intention to redomicile the Company's centre of management to the United Kingdom in the second half of 2016.
In accordance with LR 9.6.2, Cape plc has lodged copies of resolutions 14, 15 and 16, which were passed at the Annual General Meeting to the National Storage Mechanism, which will shortly be available for inspection at www.hemscott.com/nsm.do.
Enquiries:
Cape plc
Richard Allan, General Counsel and Company Secretary Tel: +44 (0) 1895 459 988
About Cape:
Cape (www.capeplc.com) is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Cape provides a multi-disciplinary service offering including the traditional services of access, insulation, coatings and mechanical, and a range of specialist services including oil and gas storage tanks, heat exchanger replacement and refurbishment, and environmental services. Cape employs c. 16,400 people working across 19 countries and in 2015 reported revenue of £711.4 million.