Last checked at 6 May 2020 17:00
Clarkson PLC("Clarksons" or "the Company")
6 May 2020
Results of 2020 Annual General Meeting
At the Annual General Meeting (AGM) of the Company, held electronically by audiocast at 12 noon today, all resolutions were passed on a poll. The total number of votes received on each resolution was as follows:
| Description | Votes for | % of votes cast | Votes against | % of votes cast | Votes cast as % of issued share capital | Votes withheld |
1 | Annual Report | 23,131,574 | 98.18 | 429,585 | 1.82 | 77.57% | 70,078 |
2 | Remuneration Report | 14,517,181 | 67.06 | 7,131,559 | 32.94 | 71.27% | 1,982,497 |
3 | Remuneration Policy | 14,637,062 | 67.61 | 7,011,582 | 32.39 | 71.27% | 1,982,594 |
4 | Re-elect Sir Bill Thomas | 21,682,129 | 91.91 | 1,907,828 | 8.09 | 77.66% | 41,280 |
5 | Re-elect Mr A L Case | 23,607,300 | 99.96 | 9,519 | 0.04 | 77.75% | 14,419 |
6 | Re-elect Mr J D Woyda | 23,603,677 | 99.92 | 19,546 | 0.08 | 77.77% | 8,015 |
7 | Re-elect Mr P Backhouse | 22,044,813 | 93.44 | 1,546,819 | 6.56 | 77.67% | 39,606 |
8 | Re-elect Ms ML Clayton | 22,042,029 | 93.43 | 1,549,602 | 6.57 | 77.67% | 39,606 |
9 | Re-elect Dr T Miller | 19,753,084 | 88.23 | 2,635,945 | 11.77 | 73.71% | 1,242,209 |
10 | Re-elect Mr B Nergaard | 22,093,386 | 93.72 | 1,479,893 | 6.28 | 77.61% | 57,958 |
11 | Elect Ms H Truol | 23,571,145 | 99.93 | 17,058 | 0.07 | 77.66% | 43,035 |
12 | Re-appoint Auditor | 23,566,735 | 99.90 | 22,939 | 0.10 | 77.66% | 41,563 |
13 | Auditor's remuneration | 23,594,715 | 99.93 | 15,844 | 0.07 | 77.73% | 20,679 |
14 | Authority to allot shares | 21,975,640 | 93.08 | 1,635,001 | 6.92 | 77.73% | 20,597 |
15 | Authority for political donations | 23,230,832 | 99.10 | 211,259 | 0.90 | 77.18% | 179,850 |
16 | ShareSave Plan | 23,266,244 | 98.57 | 336,440 | 1.43 | 77.70% | 28,554 |
17 | Disapply pre-emption rights* | 23,513,707 | 99.85 | 35,375 | 0.15 | 77.53% | 82,156 |
18 | Purchase own shares* | 23,561,783 | 99.84 | 38,319 | 0.16 | 77.70% | 31,135 |
19 | General meeting notice period* | 23,402,646 | 99.13 | 204,696 | 0.87 | 77.72% | 23,896 |
*Special resolution requiring 75% majority.
Notes:
1. Any proxy appointments which give discretion to the Chairman have been included in the "for" total.
2. The total number of shares in issue is 30,374,875.
3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" or "against" a resolution.
Statement regarding voting result
The Company notes that the remuneration resolutions were passed with approximately 67% support. The result is a significant improvement from the outcome at the 2019 AGM following an extensive engagement exercise with both shareholders and leading proxy advisors. We appreciate the support from most of our major shareholders, and will continue our engagement over the year ahead.
Availability of documents
This information will also shortly be available to view on the Company's website at www.clarksons.com/investors/
In accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at the AGM will be submitted to the National Storage Mechanism and will be available for inspectionat https://data.fca.org.uk/#/nsm/nationalstoragemechanism
In addition, copies of resolution 14 and resolutions 17 to 19 will be filed with Companies House.
For further details please contact:
Company enquiries:
Rachel Spencer, Company Secretary
Tel: +44(0)20 7334 3476
Mob: +44(0)7920 023476
Camarco:
Billy Clegg
Tel: +44(0)20 3757 4983
Mob: +44(0)7977 578 153
Jennifer Renwick
Tel: +44(0)20 3757 4994
Mob: +44(0)7928 471 013
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors.
The Company has delivered 16 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.
Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.
For more information, visit www.clarksons.com.