Last checked at 12 May 2022 16:25
ConvaTec Group Plc
Results of Annual General Meeting
Reading, United Kingdom (12 May 2022) - Poll Result
ConvaTec Group Plc ("ConvaTec") held its Annual General Meeting today ("AGM"). The results of the poll held in relation to the resolutions proposed at the AGM are set out below
For (see note 2) | Against (see note 2) | Votes Total | % of ISC Voted | Votes Witheld | ||||
Resolution | No of shares | % | No of Shares | % | ||||
1 | Receive Annual Report and Accounts | 1,827,980,026 | 99.99% | 138,955 | 0.01% | 1,828,118,981 | 89.85% | 2,678,250 |
2 | Approve the Directors' Remuneration Report | 1,310,074,242 | 72.51% | 496,566,511 | 27.49% | 1,806,640,753 | 88.80% | 24,156,478 |
3 | Declare Final Dividend | 1,828,471,889 | 99.87% | 2,318,530 | 0.13% | 1,830,790,419 | 89.98% | 6,812 |
4 | Re-elect John McAdam as a director | 1,785,547,176 | 97.61% | 43,742,972 | 2.39% | 1,829,290,148 | 89.91% | 1,507,083 |
5 | Re-elect Karim Bitar as a director | 1,824,546,868 | 99.66% | 6,234,317 | 0.34% | 1,830,781,185 | 89.98% | 16,046 |
6 | Re-elect Margaret Ewing director | 1,808,325,168 | 98.77% | 22,443,302 | 1.23% | 1,830,768,470 | 89.98% | 28,761 |
7 | Re-elect Brian May as a director | 1,713,823,773 | 94.03% | 108,742,705 | 5.97% | 1,822,566,478 | 89.58% | 8,230,753 |
8 | Re-elect Sten Scheibye as a director | 1,824,824,180 | 99.68% | 5,944,289 | 0.32% | 1,830,768,469 | 89.98% | 28,762 |
9 | Re-elect Heather Mason as a director | 1,812,618,794 | 99.01% | 18,149,676 | 0.99% | 1,830,768,470 | 89.98% | 28,761 |
10 | Re-elect Professor Constantin Coussios as a director | 1,811,236,685 | 98.93% | 19,521,954 | 1.07% | 1,830,758,639 | 89.98% | 38,592 |
11 | Elect Jonny Mason as a director | 1,819,579,146 | 99.39% | 11,187,969 | 0.61% | 1,830,767,115 | 89.98% | 30,116 |
12 | Elect Kim Lody as a director | 1,824,822,794 | 99.68% | 5,812,573 | 0.32% | 1,830,635,367 | 89.98% | 161,864 |
13 | Elect Sharon O'Keefe as a director | 1,824,954,544 | 99.68% | 5,812,573 | 0.32% | 1,830,767,117 | 89.98% | 30,114 |
14 | Re-appoint Deloitte LLP as auditors | 1,828,465,498 | 99.95% | 830,907 | 0.05% | 1,829,296,405 | 89.91% | 1,500,826 |
15 | Authorise the Directors to agree the auditors' remuneration | 1,830,098,448 | 99.96% | 671,868 | 0.04% | 1,830,770,316 | 89.98% | 26,915 |
16 | Authorise political donations and political expenditure | 1,814,389,000 | 99.12% | 16,165,069 | 0.88% | 1,830,554,069 | 89.97% | 241,662 |
17 | Authorise allotment of shares | 1,737,684,352 | 94.92% | 93,082,507 | 5.08% | 1,830,766,859 | 89.98% | 30,372 |
18 | Renew the Scrip Dividend Scheme. | 1,830,739,805 | 100.00% | 22,649 | 0.00% | 1,830,762,454 | 89.98% | 34,777 |
19 | Disapply pre-emption rights* | 1,796,085,428 | 98.35% | 30,153,440 | 1.65% | 1,826,238,868 | 89.76% | 4,558,363 |
20 | Disapply pre-emption rights in connection with an acquisition or specified capital investment* | 1,773,062,102 | 97.09% | 53,175,701 | 2.91% | 1,826,237,803 | 89.76% | 4,559,428 |
21 | Authorise purchase of own shares* | 1,828,587,725 | 99.91% | 1,634,548 | 0.09% | 1,830,222,273 | 89.96% | 574,958 |
22 | Call general meetings on 14 days' notice* | 1,726,127,643 | 94.28% | 104,652,489 | 5.72% | 1,830,780,132 | 89.98% | 17,099 |
*Special Resolution
NOTES:
1. All resolutions were passed.
2. Votes "For" and "Against" are expressed as a percentage of votes received.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
4. Total number of shares in issue at close of business on 10 May 2022 was 2,034,572,935 shares. 89.88% of capital was voted.
5. Computershare acted as scrutineer of the poll on all resolutions.
In accordance with Listing Rule 9.6.2, copies of the resolutions that do not constitute ordinary business that were passed at the annual general meeting have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
AGM - Resolution Two
The Board notes the voting result in relation to Resolution 2 at today's Annual General Meeting. We are grateful for the feedback and indications of support received from shareholders in advance of the Meeting and will continue to engage with shareholders who were unable to support this resolution, in order to understand their views in advance of publishing an update statement within six months of today. The Board also plans to engage with shareholders later in the year on the Remuneration Policy which will be subject to approval at the 2023 AGM.
Board Changes
As previously announced, Dr Regina Benjamin did not stand for re-election at the AGM. Sharon O'Keefe has been appointed as ConvaTec's designated Non-Executive Director for workforce engagement with effect from 13 May 2022. This statement is made in accordance with Listing Rule 9.6.11.
Enquiries
Analysts and Investors
Kate Postans, Vice President, Investor Relations +44 (0)7826 447 807
ir@convatec.com
Media
Buchanan: Charles Ryland / Chris Lane +44 (0)207 466 5000
ConvaTec Group Plc's LEI code is 213800LS272L4FIDOH92
About ConvaTec
ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion care. ConvaTec's products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care. To learn more about ConvaTec, please visit www.convatecgroup.com where a copy of this announcement can also be found.
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