Last checked at 26 Apr 2017 18:03
Glanbia plc ("the Company")
The Directors of the Company wish to announce that all resolutions proposed at the Annual General Meeting of the Company held on 26 April 2017 were passed, results of which are set out below. The full text of each resolution was included in the notice of the Annual General Meeting of the Company circulated to Shareholders on 14 March 2017 and made available on the Company's website www.glanbia.com
In accordance with the Listing Rules copies of the resolutions passed at the Annual General Meeting of the Company have been forwarded to both the Irish Stock Exchange and the UK National Storage Mechanism and will shortly be available for inspection at the following locations:-
Companies Announcements Office,
Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland
and
http://www.morningstar.co.uk/uk/NSM
RESULTS OF AGM
Each of resolutions 1 to 9 proposed at the Company's Annual General Meeting held on 26 April 2017 (save as provided otherwise herein) were carried on a show of hands. Results of the proxy votes received for each resolution are outlined below.
Resolutions 3(m) to 3(p) were passed on a poll both by all the shareholders present and voting and all the independent shareholders present and voting (that is the shareholders of the Company entitled to vote on the election of the Directors who are not controlling shareholders (i.e. those shareholder(s) that exercise or control more than 30% of the voting rights of the Company). The results of the voting, on each resolution on each basis, are outlined below.
Resolution 1:
To review the Company's affairs and receive and consider the financial statements for the year ended 31 December 2016 together with the reports of the Directors and the Auditors thereon
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
198,307,910 | 99.96% | 76,180 | 0.04% | 198,384,090 | 100.00% | 16,800 | 0.01% | 198,400,890 | 100.00% |
Resolution 2:
Declaration of Dividend
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
198,383,775 | 100.00% | 315 | 0.00% | 198,384,090 | 100.00% | 16,800 | 0.01% | 198,400,890 | 100.00% |
Resolution 3:
Re-appointment of Directors:
3a - Patsy Ahern
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
186,132,762 | 96.07% | 7,606,724 | 3.93% | 193,739,486 | 100.00% | 4,661,404 | 2.35% | 198,400,890 | 100.00% |
3b - Henry Corbally
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
150,406,132 | 75.84% | 47,922,242 | 24.16% | 198,328,374 | 100.00% | 72,516 | 0.04% | 198,400,890 | 100.00% |
3c - Jer Doheny
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
186,132,120 | 96.07% | 7,607,366 | 3.93% | 193,739,486 | 100.00% | 4,661,404 | 2.35% | 198,400,890 | 100.00% |
3d - Mark Garvey
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
196,464,333 | 99.03% | 1,918,757 | 0.97% | 198,383,090 | 100.00% | 17,800 | 0.01% | 198,400,890 | 100.00% |
3e - Vincent Gorman
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
186,136,620 | 96.08% | 7,602,866 | 3.92% | 193,739,486 | 100.00% | 4,661,404 | 2.35% | 198,400,890 | 100.00% |
3f - Martin Keane
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
149,910,815 | 75.59% | 48,412,559 | 24.41% | 198,323,374 | 100.00% | 77,516 | 0.04% | 198,400,890 | 100.00% |
3g - Michael Keane
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
186,127,458 | 96.07% | 7,607,028 | 3.93% | 193,734,486 | 100.00% | 4,666,404 | 2.35% | 198,400,890 | 100.00% |
3h - Hugh McGuire
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
196,678,471 | 99.14% | 1,704,619 | 0.86% | 198,383,090 | 100.00% | 17,800 | 0.01% | 198,400,890 | 100.00% |
3i - John Murphy
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
186,131,916 | 96.07% | 7,607,570 | 3.93% | 193,739,486 | 100.00% | 4,661,404 | 2.35% | 198,400,890 | 100.00% |
3j - Patrick Murphy
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
149,917,294 | 75.59% | 48,411,080 | 24.41% | 198,328,374 | 100.00% | 72,516 | 0.04% | 198,400,890 | 100.00% |
3k - Brian Phelan
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
196,677,863 | 99.14% | 1,705,227 | 0.86% | 198,383,090 | 100.00% | 17,800 | 0.01% | 198,400,890 | 100.00% |
3l - Siobhán Talbot
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
197,161,296 | 99.38% | 1,222,794 | 0.62% | 198,384,090 | 100.00% | 16,800 | 0.01% | 198,400,890 | 100.00% |
3m - Patrick Coveney(All Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
198,458,215 | 99.63% | 733,026 | 0.37% | 199,191,241 | 100.00% | 16,800 | 0.01% | 199,208,041 | 100.00% |
(Independent Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
90,017,065 | 99.19% | 733,026 | 0.81% | 90,750,091 | 100.00% | 16,800 | 0.02% | 90,766,891 | 100.00% |
3n - Donard Gaynor
(All Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
193,297,091 | 97.05% | 5,883,824 | 2.95% | 199,180,915 | 100.00% | 22,126 | 0.01% | 199,203,041 | 100.00% |
(Independent Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
84,855,941 | 93.52% | 5,883,824 | 6.48% | 90,739,765 | 100.00% | 22,126 | 0.02% | 90,761,891 | 100.00% |
3o - Paul Haran
(All Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
188,504,709 | 96.90% | 6,034,012 | 3.10% | 194,538,721 | 100.00% | 4,664,320 | 2.34% | 199,203,041 | 100.00% |
(Independent Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
80,063,559 | 92.99% | 6,034,012 | 7.01% | 86,097,571 | 100.00% | 4,664,320 | 5.14% | 90,761,891 | 100.00% |
3p - Dan O'Connor
(All Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
193,298,645 | 97.05% | 5,881,645 | 2.95% | 199,180,290 | 100.00% | 22,751 | 0.01% | 199,203,041 | 100.00% |
(Independent Shareholders)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
84,857,495 | 93.52% | 5,881,645 | 6.48% | 90,739,140 | 100.00% | 22,751 | 0.03% | 90,761,891 | 100.00% |
Matt Merrick and Jim Gilsenan retired at the conclusion of the Annual General Meeting and accordingly did not offer themselves for re-election.
Resolution 4:
To authorise the Directors to fix the remuneration of the Auditors for the 2017 financial year
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
197,904,301 | 99.76% | 469,754 | 0.24% | 198,374,055 | 100.00% | 26,835 | 0.01% | 198,400,890 | 100.00% |
Resolution 5:
To receive and consider the Remuneration Committee report for the year ended 31 December 2016 (excluding the part containing the Directors' remuneration policy)
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
188,674,128 | 97.43% | 4,986,103 | 2.57% | 193,660,231 | 100.00% | 4,740,659 | 2.39% | 198,400,890 | 100.00% |
Resolution 6:
Authorisation to allot relevant securities
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
198,367,050 | 99.99% | 20,113 | 0.01% | 198,387,163 | 100.00% | 13,727 | 0.01% | 198,400,890 | 100.00% |
Resolution 7:
Special resolution: Authorisation to allot equity securities otherwise than in accordance with statutory pre‑emption rights
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
194,274,266 | 97.93% | 4,106,516 | 2.07% | 198,380,782 | 100.00% | 20,108 | 0.01% | 198,400,890 | 100.00% |
Resolution 8:
Special resolution: Authority to allot shares on a non-pre-emptive basis and for cash up to a further 5% of the issued share capital in connection with an acquisition or a specified capital investment
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
181,763,739 | 91.62% | 16,616,017 | 8.38% | 198,379,756 | 100.00% | 21,134 | 0.01% | 198,400,890 | 200.00% |
Resolution 9:
Special resolution: Authorisation to retain the power to hold EGMs on 14 days' notice
For | Against | Total | Withheld | Total including withheld | |||||
Votes/Shares | % | Votes/Shares | % | Votes/Shares | Votes/Shares | % | Votes/Shares | % | |
194,668,433 | 98.13% | 3,708,933 | 1.87% | 198,377,366 | 100.00% | 23,524 | 0.01% | 198,400,890 | 300.00% |
The "Vote Withheld" option is provided to enable abstention on any particular resolution. However, it should be noted that a "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" a resolution.
26 April 2017
For further information contact:
Michael Horan, Group Secretary
Tel: 056 7772200