21 May 2019 08:03
21 May 2019
LAMPRELL PLC("Lamprell" or the "Company", and with its subsidiaries the "Group")
RESULTS OF 2019 AGM
At the Annual General Meeting of the Company held at 10.00AM (local time) yesterday at the Jumeirah Emirates Tower, Sheikh Zayed Road, Dubai, United Arab Emirates, all the resolutions set out in the Notice of Annual General Meeting ("AGM Notice") published by the Company on 18 April 2019 were duly passed.
Voting on all resolutions was by way of a show of hands. Voting on resolutions 9, 11 and 13 was by Independent Shareholders (as defined in the AGM Notice) only.
FINAL PROXY VOTING TOTALS
Details of the final proxy votes received in respect of the resolutions proposed at the Annual General Meeting are as follows:
Resolution no | Business | TOTAL SHARES VOTED | FOR/ DISCRETION | AGAINST | WITHHELD | |||||
Ordinary Business | ||||||||||
1 | To receive and adopt the Company's financial statements together with the reports of the directors and auditors for the period ending 31 December 2018 | 302,524,279 | 300,869,603 | 1,654,676 | 131 | |||||
2 | To approve the Directors' Remuneration Policy report included in the 2018 Annual Report and Accounts | 302,324,279 | 300,010,198 | 2,314,081 | 200,131 | |||||
3 | To approve the Directors' annual report on remuneration for the year ended 31 December 2018 included in the 2018 Annual Report and Accounts | 302,324,278 | 251,935,645 | 50,388,633 | 200,131 | |||||
4 | To elect John Malcolm as a director of the Company | 302,523,878 | 300,308,253 | 2,215,625 | 532 | |||||
5 | To elect Christopher McDonald as a director of the Company | 302,523,878 | 301,053,997 | 1,469,881 | 532 | |||||
6 | To elect Antony Wright as a director of the Company | 302,523,878 | 300,268,218 | 2,255,660 | 532 | |||||
7 | To elect Nicholas Garrett as a director of the Company | 302,523,878 | 300,307,997 | 2,215,881 | 532 | |||||
8 | To elect James Dewar as a director of the Company | 302,523,878 | 297,899,924 | 4,623,954 | 532 | |||||
9 | To elect James Dewar as a director of the Company (Independent Shareholder vote) | 189,341,587 | 184,717,377 | 4,624,210 | 532 | |||||
10 | To elect Debra Valentine as a director of the Company | 302,523,877 | 289,699,083 | 12,824,794 | 532 | |||||
11 | To elect Debra Valentine as a director of the Company (Independent Shareholder vote) | 189,341,586 | 176,516,792 | 12,824,794 | 532 | |||||
12 | To elect Mel Fitzgerald as a director of the Company | 302,523,878 | 296,433,923 | 6,089,955 | 532 | |||||
13 | To elect Mel Fitzgerald as a director of the Company (Independent Shareholder vote) | 189,341,587 | 183,251,888 | 6,089,699 | 532 | |||||
14 | To appoint Deloitte LLP, Isle of Man, as auditors of the Company | 302,523,878 | 302,519,998 | 3,880 | 532 | |||||
15 | To authorise the Audit & Risk Committee to fix the auditors' remuneration on behalf of the Board | 302,523,878 | 302,519,998 | 3,880 | 532 | |||||
Special Business |
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16 | To authorise the directors to allot shares pursuant to Article 5.1 of the Company's Articles of Association | 302,522,960 | 302,518,824 | 4,136 | 1,450 | |||||
17 | To disapply the pre-emption rights pursuant to article 5.2 of the Company's Articles of Association | 302,522,210 | 302,507,824 | 14,386 | 1,450 | |||||
18 | To authorise the Company to make market purchases of its ordinary shares | 302,523,492 | 300,867,685 | 1,655,807 | 918 | |||||
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Notes to proxy voting totals table:
1. Any proxy appointments which gave discretion to the Chairman have been included in the 'FOR' total.
2. A 'VOTE WITHHELD' is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution and is not included in the total proxy votes received for each resolution.
3. Number of ordinary shares of 5 pence each in issue at meeting date: 341,726,570.
4. The Controlling Shareholder (as defined in the AGM Notice) was not eligible to vote on resolutions 9, 11 and 13. The Controlling Shareholder holds a total of 113,182,291 Ordinary Shares, equating to 33.12% of the issued ordinary share capital with voting rights.
** These votes reflect the results of the poll taken during the meeting, rather than the proxy votes received.
Copies of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/nsm.
- Ends -
Enquiries:
Lamprell plc
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Tulchan Communications, London | |||||||
Martin Robinson | +44 (0) 207 353 4200 | ||||||
Martin Pengelley Harry Cameron | |||||||
Notes to editors
Lamprell PLC, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.
Lamprell employs around 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group's facilities cover approximately 812,000 m2 with 1.6 km of quayside.
Lamprell is listed on the London Stock Exchange (symbol "LAM").