13 Apr 2018 15:27
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Low & Bonar PLC
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Results of 2018 Annual General Meeting
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The Annual General Meeting of Low & Bonar PLC was held on Friday 13 April 2018 at 11:00am. All resolutions were passed on a poll.
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The number of votes 'for' and 'against' each of the resolutions put before the Annual General Meeting and the number of votes 'withheld' were as follows:
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 |  | For |  | Against |  | Total Votes |  | Withheld |
 |  | No. of Votes | % | No. of Votes | % | No. of Votes | % of ISC voted | No. of Votes |
1 | To receive the Annual Report and Accounts | 265,676,491 | 100.00 | 1,655 | 0.00 | 265,678,146 | 80.55% | 15,000 |
2 | To approve the Directors' Remuneration Report | 263,217,055 | 99.10 | 2,393,396 | 0.90 | 265,610,451 | 80.53% | 82,695 |
3 | To declare a final dividend of 2.0p per ordinary share | 265,689,331 | 100.00 | 3,615 | 0.00 | 265,692,946 | 80.56% | 200 |
4 | To elect Philip de Klerk | 264,916,474 | 99.72 | 738,090 | 0.28 | 265,654,564 | 80.54% | 38,582 |
5 | To elect Peter Bertram | 264,908,369 | 99.72 | 741,920 | 0.28 | 265,650,289 | 80.54% | 42,857 |
6 | To re-elect Martin Flower | 234,226,820 | 98.01 | 4,761,548 | 1.99 | 238,988,368 | 72.46% | 26,704,777 |
7 | To re-elect Trudy Schoolenberg | 263,573,869 | 99.22 | 2,080,895 | 0.78 | 265,654,764 | 80.54% | 33,382 |
8 | To re-elect Mike Powell | 261,045,909 | 98.27 | 4,603,165 | 1.73 | 265,649,074 | 80.54% | 44,072 |
9 | To re-elect Kevin Matthews | 260,869,549 | 98.23 | 4,704,501 | 1.77 | 265,574,050 | 80.52% | 119,096 |
10 | To reappoint KPMG LLP as auditor of the Company | 264,801,965 | 99.68 | 855,055 | 0.32 | 265,657,020 | 80.55% | 36,125 |
11 | To authorise the Directors to determine the auditor's remuneration | 265,605,685 | 99.98 | 43,100 | 0.02 | 265,648,785 | 80.54% | 44,361 |
12 | To authorise the Directors to allot relevant securities | 265,258,878 | 99.90 | 256,849 | 0.10 | 265,515,727 | 80.50% | 174,869 |
13* | To authorise the Directors to allot equity securities | 261,181,265 | 98.35 | 4,371,180 | 1.65 | 265,552,445 | 80.51% | 137,650 |
14* | To authorise the Company to make market purchases of its Ordinary shares | 265,280,712 | 99.87 | 339,570 | 0.13 | 265,620,282 | 80.53% | 72,863 |
15* | To allow short notice for general meetings | 214,614,403 | 80.78 | 51,061,213 | 19.22 | 265,675,616 | 80.55% | 17,530 |
16 | To approve the Low & Bonar PLC 2018 Sharesave Scheme | 265,342,667 | 99.93 | 174,203 | 0.07 | 265,516,870 | 80.50% | 176,276 |
17 | To approve and adopt new Articles of Association | 265,561,575 | 99.99 | 32,636 | 0.01 | 265,594,211 | 80.53% | 98,935 |
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* Special resolution requiring a 75% majority.
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Notes:
1. The 'For' vote includes those giving the Chairman discretion.
2. Votes 'Withheld' are not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.
3. The total number of Ordinary Shares in issue on 12 April 2018 was 329,822,589.
4. Copies of the resolutions passed, other than resolutions concerning ordinary business, will be submitted to the UK Listing Authority via the National Storage Mechanism and will be available in due course for inspection at http://www.morningstar.co.uk/uk/NSMÂ
Unless otherwise defined herein, terms used in this announcement shall have the meaning given to them in the Notice of AGM dated 20 February 2018.