24 Jul 2014 14:17
Electrocomponents Plc - Annual General Meeting
(the Company)
Electrocomponents Plc announces that all of the resolutions set out in the Notice of Meeting dated 13 June 2014 were passed on a show of hands by shareholders at today's Annual General Meeting. Resolutions 15, 16, 17 and 18 were passed as Special Resolutions.
Details of the proxy votes received in advance of the meeting are set out below and can be found on the Company's website at http://www.electrocomponents.com/investor-centre/corporate-governance/agm
Resolution | Votes For (incl. Chairman's discretion) | % For (incl. Chairman's discretion) | Votes Against | % Against | Total votes validly cast | Votes Withheld* | |
1. | To receive Report & Accounts for 2014 | 378,537,689 | 100 | 6,607 | 0.00 | 378,544,296 | 16,276 |
2. | To approve the Directors' Remuneration Policy | 373,438,100 | 99.32 | 2,550,067 | 0.68 | 375,988,167 | 2,572,404 |
3. | To approve the Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration | 374,438,031 | 99.30 | 2,651,380 | 0.70 | 377,089,411 | 1,471,160 |
4. | To declare a final Dividend for 2014 | 378,555,574 | 100.00 | 3,525 | 0.00 | 378,559,099 | 1,473 |
5. | To re-elect Simon Boddie | 378,323,873 | 99.94 | 225,204 | 0.06 | 378,549,077 | 11,495 |
6. | To re-elect Karen Guerra | 376,908,379 | 99.57 | 1,642,144 | 0.43 | 378,550,523 | 10,049 |
7. | To re-elect Paul Hollingworth | 376,915,173 | 99.57 | 1,635,904 | 0.43 | 378,551,077 | 9,495 |
8. | To re-elect Peter Johnson | 376,635,788 | 99.49 | 1,913,288 | 0.51 | 378.549,076 | 11,495 |
9. | To re-elect Ian Mason | 378,296,450 | 99.94 | 228,204 | 0.06 | 378,524,654 | 35,918 |
10. | To re-elect John Pattullo | 376,871.982 | 99.56 | 1,666,947 | 0.44 | 378,538,929 | 21,643 |
11. | To re-elect Rupert Soames | 376,693,134 | 99.51 | 1,855,943 | 0.49 | 378,549,077 | 11,495 |
12. | To appoint PricewaterhouseCoopers LLP | 369,247,084 | 99.62 | 1,421,733 | 0.38 | 370,668,817 | 7,891,755 |
13. | To authorise Directors to agree remuneration of the Auditor | 368,996,271 | 99.55 | 1,669,275 | 0.45 | 370,665,546 | 7,895,026 |
14. | Renewal of the Directors' Authority to allot shares | 377,839,351 | 99.81 | 707,729 | 0.19 | 378,547,080 | 13,492 |
15. | Renewal of the Directors' Authority to disapply pre‑emption rights | 376,315,881 | 99.41 | 2,238,010 | 0.59 | 378,553,891 | 6,681 |
16. | Renewal of the Directors' Authority for purchase by Company of own shares | 369,702,642 | 97.66 | 8,854,533 | 2.34 | 378,557,175 | 3,397 |
17. | Notice Period for General Meetings | 359,680,880 | 95.02 | 18,861,232 | 4.98 | 378,542,112 | 18,460 |
18. | To approve the Long Term Incentive Plan | 375,797,167 | 99.29 | 2,676,093 | 0.71 | 378,473,260 | 87,311 |
* A "vote withheld" is not a vote in law and will not be counted in the calculation of the proportion of votes "for" or "against" a resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.
In accordance with Listing Rule 9.6.2., a copy of the Resolutions relating to Special Business has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM
Full details of all the Resolutions passed, together with explanatory notes, are set out in the Notice of AGM previously submitted to the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM and on the Company's website at http://www.electrocomponents.com/investor-centre/reports-and-presentations/reports
The total number of shares in issue at 6pm on Wednesday, 23 July 2014 was 439,596,429 ordinary shares in the Company. A total of 86.12% of the share capital was voted.
IAN HASLEGRAVE
Company Secretary
24 July 2014
Registered office:
International Management Centre, 8050 Oxford Business Park North, Oxford OX4 2HWtel: +44 (0) 1865 207400
fax: +44 (0) 1865 207400
www.electrocomponents.com