20 Jul 2016 12:43
Electrocomponents Plc
(the Company)
Results of Annual General Meeting
Electrocomponents Plc announces that all of the resolutions set out in the Notice of Meeting dated 16 June 2016 were passed on a show of hands by shareholders at today's Annual General Meeting. Resolutions 15, 16 and 17 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 www.electrocomponents.com/investor-centre/corporate-governance/agm-information
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 2016 | 391,601,277 | 99.98 | 71,621 | 0.02 | 391,672,898 | 1,644,469 |
2. | To aprove the Directors' remuneration policy | 386,390,524 | 98.77 | 4,831,191 | 1.23 | 391,221,715 | 2,095,652 |
3. | To approve the Statement by the Chairman of the Remuneration Committee and the Annual Report on Remuneration for the year ended 31 March 2016 | 386,212,786 | 98.31 | 6,633,605 | 1.69 | 392,846,391 | 470,976 |
4. | To declare a final Dividend for 2016 | 393,244,833 | 99.98 | 72,534 | 0.02 | 393,317,367 | 0 |
5. | To elect David Egan | 392,464,700 | 99.84 | 633,178 | 0.16 | 393,097,878 | 219,489 |
6. | To re-elect Bertrand Bodson | 392,488,466 | 99.84 | 609,648 | 0.16 | 393,098,114 | 219,253 |
7. | To re-elect Karen Guerra | 392,444,875 | 99.84 | 638,509 | 016 | 393,083,384 | 233,983 |
8. | To re-elect Paul Hollingworth | 392,482,044 | 99.84 | 616,328 | 0.16 | 393,098,372 | 218,995 |
9. | To re-elect Peter Johnson | 387,903,166 | 98.73 | 5,005,948 | 1.27 | 392,909,114 | 408,253 |
10. | To re-elect John Pattullo | 392,476,971 | 99.84 | 611,401 | 0.16 | 393,088,372 | 228,995 |
11. | To re-elect Lindsley Ruth | 392,513,878 | 99.85 | 585,489 | 0.15 | 393,099,367 | 218,000 |
12. | To re-appoint PricewaterhouseCoopers LLP as auditor | 393,297,838 | 100.00 | 16,118 | 0.00 | 393,313,956 | 3,411 |
13. | To authorise Directors to agree remuneration of the auditor | 393,298,743 | 100.00 | 12,371 | 0.00 | 393,311,114 | 6,253 |
14. | Renewal of the Directors' authority to allot shares | 392,919,607 | 99.95 | 178,126 | 0.05 | 393,097,733 | 219,634 |
15. | Renewal of the Directors' authority to disapply pre‑emption rights | 374,392,758 | 95.19 | 18,910,613 | 4.81 | 393,303,371 | 13,996 |
16. | Renewal of the Directors' authority for purchase by Company of own shares | 388,776,829 | 98.90 | 4,327,751 | 1.10 | 393,104,580 | 212,787 |
17. | Notice Period for General Meetings | 370,070,754 | 94.09 | 23,241,013 | 5.91 | 393,311,767 | 5,600 |
18. | Approval of Long Term Incentive Plan 2016 | 386,430,089 | 98.34 | 6,540,035 | 1.66 | 392,970,124 | 347,243 |
* 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/annual-reports.
The total number of shares in issue at 6pm on Tuesday, 19 July 2016 was 440,873,477 ordinary shares in the Company. A total of 89.21% of the share capital was voted.
IAN HASLEGRAVE
Company Secretary
20 July 2016
Registered office:
International Management Centre, 8050 Oxford Business Park North, Oxford OX4 2HWtel: +44 (0) 1865 204000
fax: +44 (0) 1865 207400
www.electrocomponents.com