12 Apr 2017 12:20
12 April 2017
Low & Bonar PLC
Results of 2017 Annual General Meeting
At the Annual General Meeting of Low & Bonar PLC (the "Company") held at The Royal Institution of Great Britain, 21 Albemarle Street, London, W1S 4BS on Wednesday 12 April 2017 all the resolutions proposed were passed on a show of hands.
The proxy votes received for each resolution were as follows:
Resolution | Votes for | Votes against | Discretional Votes | Total Votes Cast (excl. Votes Witheld) | ||||
No. of shares | % of shares voted | No. of shares | % of shares voted | No. of shares | % of shares voted | % of issued share capital | ||
1 | To receive the annual report and accounts | 213,825,463 | 99.94 | 1,400 | 0.00 | 129,424 | 0.06 | 213,956,287 |
2 | To approve the Directors' Remuneration Policy | 211,845,762 | 99.08 | 1,840,017 | 0.86 | 133,294 | 0.06 | 213,819,073 |
3 | To approve the Directors' Remuneration Report | 213,585,104 | 99.88 | 127,426 | 0.06 | 129,924 | 0.06 | 213,842,454 |
4 | To declare a final dividend of 2.0p per ordinary share | 213,830,500 | 99.94 | 1,800 | 0.00 | 126,987 | 0.06 | 213,959,287 |
5 | To elect Mike Powell | 213,479,292 | 99.78 | 301,025 | 0.14 | 160,044 | 0.08 | 213,940,361 |
6 | To re-elect Martin Flower | 213,458,712 | 99.77 | 328,641 | 0.15 | 160,444 | 0.08 | 213,947,797 |
7 | To re-elect Brett Simpson | 212,844,947 | 99.48 | 940,946 | 0.44 | 162,594 | 0.08 | 213,948,487 |
8 | To re-elect Steve Hannam | 210,034,160 | 98.18 | 3,736,283 | 1.75 | 162,594 | 0.07 | 213,933,037 |
9 | To re-elect Mike Holt | 212,485,083 | 99.32 | 1,284,720 | 0.60 | 162,544 | 0.08 | 213,932,047 |
10 | To re-elect Kevin Matthews | 211,932,293 | 99.07 | 1,838,025 | 0.86 | 156,799 | 0.07 | 213,927,117 |
11 | To re-elect Trudy Schoolenberg | 213,465,668 | 99.78 | 301,625 | 0.14 | 159,824 | 0.08 | 213,927,117 |
12 | To reappoint KPMG LLP as auditor of the Company | 210,910,363 | 98.58 | 2,897,528 | 1.35 | 135,112 | 0.07 | 213,943,003 |
13 | To authorise the directors to determine the auditor's remuneration | 213,662,905 | 99.87 | 138,427 | 0.06 | 135,924 | 0.07 | 213,937,256 |
14 | To authorise the directors to allot securities pursuant to section 560 of the Companies Act 2006 | 213,466,218 | 99.81 | 274,772 | 0.13 | 137,049 | 0.06 | 213,878,039 |
15* | To empower the directors to allot equity securities as though section 561 (1) of the Companies Act 2006 did not apply to such allotment | 213,396,119 | 99.79 | 314,320 | 0.15 | 130,174 | 0.06 | 213,840,613 |
16* | In addition to any power given to them pursuant to resolution 15, to empower the directors to allot equity securities as though section 561 (1) of the Companies Act 2006 did not apply to such allotment | 213,298,578 | 99.72 | 466,861 | 0.22 | 130,174 | 0.06 | 213,895,613 |
17* | To allow general meetings to be called on not less than 14 clear days' notice | 211,878,951 | 99.05 | 1,900,200 | 0.89 | 131,424 | 0.06 | 213,910,575 |
*Special resolution (75% majority required).
** A vote withheld is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution.
There were 329,369,565 ordinary shares in issue as at 6:00pm on 10 April 2017 (the time by which shareholders who wanted to attend, speak and vote at the Annual General Meeting were entered on the register of members).
In accordance with Listing Rule 9.6.3R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will be available in due course for viewing at http://www.morningstar.co.uk/uk/NSM
In the Notice of Meeting it was indicated that John Sheldrick intended to resign and it is confirmed that he ceased to be a Non-executive Director at the conclusion of the AGM.
For further information, please contact:
Low & Bonar PLC
Jeremy Rhodes, Company Secretary 020 7535 3180