Last checked at 20 May 2019 13:57
Forterra plc
Annual General Meeting 2019 Results
The Annual General Meeting of Forterra plc (the "Company") was held at the Hilton Hotel, 100 Watering Lane, Collingtree, Northampton, NN4 0XW on Monday 20th May 2019 at 12:00pm.
All of the resolutions were voted upon by a show of hands and were passed by the requisite majority by shareholders.
The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.forterraplc.co.uk (with each resolution number below corresponding to the resolution number in the notice).
The number of Proxy votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows. The total number of Ordinary shares in issue was 200,442,068 shares.
As previously announced, following the conclusion of the meeting, Justin Atkinson was appointed Chairman of the Board and Katherine Innes Ker was appointed Senior Independent Director. In addition, Vince Niblett was appointed Chairman of the Audit Committee and Justin Atkinson was appointed as Chairman of the Nomination Committee. Katherine Innes Ker remains as Chairman of the Remuneration Committee and Divya Seshamani remains as Chairman of the Risk Committee.
Resolution | Votes for | Votes Against | Total Votes Cast (excluding withheld) | Votes Withheld* | ||
No of Shares | % of shares voted | No of Shares | % of shares voted |
| No of shares | |
Resolution 1 To receive and adopt the Annual Report and Accounts to 31 December 2018.
| 162,861,207 | 100 | 0 | 0 | 162,861,207 | 958,066 |
Resolution 2 To re-appoint Ernst & Young LLP as Auditor.
| 163,818,790 | 99.99 | 483 | 0.01 | 163,819,273 | 0 |
Resolution 3 To authorise the remuneration of the Auditor
| 163,818,790 | 99.99 | 483 | 0.01 | 163,819,273 | 0 |
Resolution 4 To declare the final dividend of 7.2 pence per Ordinary Share for the year ended 31 December 2018
| 163,818,976 | 99.99 | 297 | 0.01 | 163,819,273 | 0 |
Resolution 5 To re-elect Justin Atkinson as a Director
| 161,932,760 | 99.17 | 1,359,654 | 0.83 | 163,292,414 | 526,859 |
Resolution 6 To re-elect Stephen Harrison as a Director
| 163,188,814 | 99.62 | 630,166 | 0.38 | 163,818,980 | 293 |
Resolution | Votes for | Votes Against | Total Votes Cast (excluding withheld) | Votes Withheld* | ||
No of Shares | % of shares voted | No of Shares | % of shares voted |
| No of shares | |
Resolution 7 To re-elect Shatish Dasani as a Director
| 162,826,939 | 99.39 | 992,037 | 0.61 | 163,818,976 | 297 |
Resolution 8 To re-elect Katherine Innes Ker as a Director
| 162,458,732 | 99.17 | 1,359,951 | 0.83 | 163,818,683 | 590 |
Resolution 9 To re-elect Divya Seshamani as a Director
| 163,345,948 | 99.71 | 472,463 | 0.29 | 163,818,411 | 862 |
Resolution 10 To re-elect Martin Sutherland as a Director
| 163,346,810 | 99.71 | 472,166 | 0.29 | 163,818,976 | 297 |
Resolution 11 To re-elect Vince Niblett as a Director
| 163,818,382 | 99.98 | 594 | 0.01 | 163,818,976 | 297 |
Resolution 12 To approve the Report of the Remuneration Committee (excluding the Remuneration Policy set out on pages 59-65 of the Annual Report)
| 163,669,728 | 99.91 | 149,248 | 0.09 | 163,818,976 | 297 |
Resolution 13 To authorise the Company to make political donations
| 158,707,303 | 97.39 | 4,261,487 | 2.61 | 162,968,790 | 850,483 |
Resolution 14 To authorise the Directors to allot share capital
| 162,773,118 | 99.36 | 1,044,969 | 0.64 | 163,818,087 | 1,186 |
Resolution 15 ** To disapply statutory exemption rights
| 162,566,893 | 99.24 | 1,252,194 | 0.76 | 163,819,087 | 186 |
Resolution 16 ** To disapply statutory exemption rights
| 154,903,232 | 94.56 | 8,915,855 | 5.44 | 163,819,087 | 186 |
Resolution 17 ** To authorise the Company to purchase its own shares
| 162,938,061 | 99.48 | 858,797 | 0.52 | 163,796,858 | 22,415 |
Resolution 18 ** To authorise the Company to hold general meetings (other than an Annual General meeting) with 14 clear days' notice
| 160,991,815 | 98.27 | 2,827,458 | 1.73 | 163,819,273 | 0 |
In accordance with the requirements of LR 9.6.3 and 9.6.18 copies of Resolutions 15-18 will shortly be available for inspection on the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm
Notes:
*Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.
** Special resolution.
For further information contact:
Forterra plc +44 (0)1604 707600
Ben Guyatt, Company Secretary
FTI Consulting: | +44 (0)20 3727 1340 |
Richard Mountain |
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Nick Hasell |
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