Last checked at 18 Jul 2018 14:50
18 July 2018
Premier Foods plc (the "Company")
Result of Annual General Meeting 2018
Following the Annual General Meeting held earlier today, the Board of Premier Foods plc reports that the results of the poll are set out in the table below.
Keith Hamill, Chairman, said:
"A majority of shareholders who voted followed the Board's advice in supporting the re-election of Gavin Darby, CEO, to the Board of the company, and the Board appreciates their support."
"Over recent weeks we have had discussions with a substantial proportion of the major shareholders, which has included listening to the concerns expressed by those whose support we have still to earn. The Board will give careful consideration to all shareholders' views. Discussions with shareholders will continue, including matters arising from voting at the AGM."
"The Board is committed to continuing its strategy of improving performance and reducing net debt, while working in parallel to identify other strategic opportunities to accelerate the Company's turnaround to create value for shareholders."
Resolution | For | % | Against | % | Total cast | % of ISC voted | Votes withheld* |
1. To receive the 2017/18 annual report. | 603,784,656 | 99.95 | 306,758 | 0.05 | 604,091,414 | 71.84% | 52,191,131 |
2. To approve the Directors' Remuneration Report. | 451,896,084 | 74.77 | 152,454,204 | 25.23 | 604,350,288 | 71.87% | 51,932,255 |
3. To elect Keith Hamill as a director. | 448,737,595 | 74.22 | 155,851,186 | 25.78 | 604,588,781 | 71.90% | 51,693,764 |
4. To elect Shinji Honda as a director. | 450,009,323 | 74.43 | 154,579,761 | 25.57 | 604,589,084 | 71.90% | 51,693,461 |
5. To re-elect Gavin Darby as a director. | 387,069,708 | 59.01 | 268,879,080 | 40.99 | 655,948,788 | 78.01% | 335,915 |
6. To re-elect Richard Hodgson as a director. | 455,225,800 | 75.29 | 149,395,142 | 24.71 | 604,620,942 | 71.90% | 51,661,603 |
7. To re-elect Ian Krieger as a director. | 452,118,103 | 74.78 | 152,462,113 | 25.22 | 604,580,216 | 71.90% | 51,702,329 |
8. To re-elect Jennifer Laing as a director. | 455,627,253 | 75.37 | 148,858,779 | 24.63 | 604,486,032 | 71.89% | 51,796,671 |
9. To re-elect Alastair Murray as a director. | 594,928,015 | 98.40 | 9,684,262 | 1.60 | 604,612,277 | 71.90% | 51,663,268 |
10. To re-elect Pam Powell as a director. | 455,773,017 | 75.38 | 148,839,738 | 24.62 | 604,612,755 | 71.90% | 51,669,790 |
11. To re-appoint KPMG LLP as auditor. | 457,039,677 | 75.66 | 147,003,858 | 24.34 | 604,043,535 | 71.84% | 52,239,167 |
12. To approve the remuneration of the auditor. | 456,864,998 | 75.60 | 147,417,133 | 24.40 | 604,282,131 | 71.86% | 52,000,414 |
13. To approve the authority to make political donations. | 456,824,958 | 75.60 | 147,444,874 | 24.40 | 604,269,832 | 71.86% | 52,012,713 |
14. To approve the authority to allot shares. | 411,647,787 | 68.11 | 192,710,560 | 31.89 | 604,358,347 | 71.87% | 51,924,198 |
15. To renew the authority to disapply pre-emption rights. | 414,413,795 | 68.58 | 189,860,746 | 31.42 | 604,274,541 | 71.86% | 52,008,004 |
16. To renew the authority to disapply pre-emption rights for an acquisition or a specified capital investment. | 413,988,694 | 68.52 | 190,211,381 | 31.48 | 604,200,075 | 71.85% | 52,082,469 |
17. To approve the notice period for general meetings. | 399,495,164 | 66.12 | 204,745,861 | 33.88 | 604,241,025 | 71.86% | 52,041,520 |
*A vote withheld is not counted as a vote in law and therefore is not counted in the % of votes "for" or "against" a resolution.
The total number of shares in issue as at 16 July 2018 was 840,868,583 ordinary shares of 10p each.
In accordance with Listing Rule 9.6.2 copies of the resolutions in respect of the special business approved at the AGM will shortly be available for inspection on the UK Listing Authority's National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.
~ Ends ~
For further information, please contact:
Investors and analysts: | |
Alastair Murray, Chief Financial Officer | +44 (0) 1727 815 850 |
Richard Godden, Director of Investor Relations & Treasury | +44 (0) 1727 815 850 |
Media:
Maitland | +44 (0) 20 7379 5151 |
Neil Bennett | |
Clinton Manning | |
Joanna Davidson |