Last checked at 17 Apr 2019 14:33
DIALIGHT PLC
RESOLUTIONS PASSED AT 2019 ANNUAL GENERAL MEETING
17 April 2019
Resolutions
Copies of the resolutions put to shareholders of Dialight plc (Company) and passed by vote on a poll at the 2019 Annual General Meeting have today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
The results of the poll for each resolution are as follows:
RESOLUTION NUMBER | FOR | % | AGAINST | % | VOTE TOTAL | % of ISC VOTES
| WITHHELD |
01 | 25,563,384 | 100.00 | 249 | 0.00 | 25,563,633 | 78.57% | 499 |
02 | 16,447,721 | 71.01 | 6,713,478 | 28.99 | 23,161,199 | 71.19% | 2,402,932 |
03 | 23,622,416 | 92.41 | 1,940,075 | 7.59 | 25,562,491 | 78.57% | 1,640 |
04 | 25,559,988 | 99.99 | 1,574 | 0.01 | 25,561,562 | 78.57% | 2,570 |
05 | 25,258,262 | 98.81 | 305,082 | 1.19 | 25,563,344 | 78.57% | 787 |
06 | 25,338,281 | 99.12 | 225,064 | 0.88 | 25,563,345 | 78.57% | 787 |
07 | 25,031,966 | 97.92 | 531,379 | 2.08 | 25,563,345 | 78.57% | 787 |
08 | 25,407,683 | 99.39 | 155,661 | 0.61 | 25,563,344 | 78.57% | 787 |
09 | 25,107,721 | 98.22 | 455,624 | 1.78 | 25,563,345 | 78.57% | 787 |
10 | 25,236,410 | 98.72 | 326,935 | 1.28 | 25,563,345 | 78.57% | 787 |
11 | 25,056,151 | 98.02 | 506,800 | 1.98 | 25,562,951 | 78.57% | 1,181 |
12 | 25,562,520 | 100.00 | 825 | 0.00 | 25,563,345 | 78.57% | 787 |
13 | 22,953,433 | 90.57 | 2,391,029 | 9.43 | 25,344,462 | 77.90% | 219,669 |
14 | 21,314,746 | 83.38 | 4,247,347 | 16.62 | 25,562,093 | 78.57% | 2,039 |
15 | 20,172,356 | 78.91 | 5,390,237 | 21.09 | 25,562,593 | 78.57% | 1,539 |
16 | 20,118,371 | 78.70 | 5,444,260 | 21.30 | 25,562,631 | 78.57% | 1,500 |
17 | 25,504,517 | 99.77 | 58,742 | 0.23 | 25,563,259 | 78.57% | 872 |
18 | 22,981,980 | 89.90 | 2,581,798 | 10.10 | 25,563,778 | 78.58% | 354 |
In the case of resolution 2, the Board recognises that there were significant votes cast against. The Remuneration Committee will engage with shareholders to better understand their concerns as it develops its revised Remuneration Policy. It will then, as already planned, consult with shareholders on the revised Remuneration Policy ahead of it being put forward for shareholder approval at the 2020 AGM.
In respect to resolutions 15 and 16, the Board notes that, whilst these resolutions are consistent with the latest Pre-emption Group Principles and with the resolutions approved in previous years, there were significant votes against, and accordingly it will consult with shareholders voting against these resolutions to better understand their views in relation to the specific authorities sought.
NOTES:
1. The 'For' vote includes those giving the Chairman discretion.
2. Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.
3. Resolutions 15 to 18 are special resolutions.
4. As at Tuesday, 16 April 2019 the total number of ordinary shares in issue was 32,534,237.
5. The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.dialight.com.
6. In accordance with Listing Rule 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, will shortly be submitted to the National Storage Mechanism for inspection at http://www.morningstar.co.uk/uk/NSM.
Richard Allan
Company Secretary
Dialight plc
Tel: +44 (0) 203 058 3546