25 May 2016 12:15
POLYPIPE GROUP PLC
(the "Company")
Results of Annual General Meeting and Board Update
25 May 2016
Polypipe Group plc announces that at the Annual General Meeting ("AGM") of the Company held today, all the Resolutions contained in the Notice of AGM were duly passed on a show of hands.
The total number of proxy votes received in respect of each such resolution 48 hours prior to the
meeting is set out below.
Resolution (No. as noted on proxy form) | Shares For | % | Shares Against | % | Shares Marked As Votes Withheld / Abstentions |
1. To receive the accounts for year end 31 December 2015 | 145,703,616 | 99.94% | 59,734 | 0.04% | 1,374,312 |
2. Approve Directors' Remuneration Report for year ended 31 December 2015 | 139,544,564 | 95.95% | 5,860,276 | 4.03% | 1,732,822 |
3. Approve a final dividend of 5.5 pence per Ordinary Share | 147,137,662 | 99.98% | 0 | 0 | 0 |
4. Re-election of Mr David Hall as a Director | 140,255,400 | 95.3% | 6,881,865 | 4.68% | 397 |
5. Re-election of Mr Ron Marsh as a Director | 143,086,422 | 99.66% | 459,522 | 0.32% | 3,591,718 |
6. Re-election of Mrs Moni Mannings as a Director | 146,786,102 | 99.74% | 351,560 | 0.24% | 0 |
7. Re-election of Mr Paul Dean as a Director | 147,136,865 | 99.97% | 400 | 0.01% | 397 |
8. Re-election of Mr Mark Hammond as a Director | 146,325,067 | 99.43% | 811,798 | 0.55% | 397 |
9. Election of Mr Martin Payne as a Director | 147,136,865 | 99.97% | 400 | 0.01% | 397 |
10. Re-Appointment of Ernst & Young LLP as Auditor | 147,136,865 | 99.97% | 400 | 0.01% | 397 |
11. Authorise Directors to agree Auditor's remuneration | 147,136,465 | 99.97% | 800 | 0.01% | 397 |
12. Authority to allot shares | 146,456,453 | 99.52% | 680,812 | 0.46% | 397 |
13. Dis-application of pre-emption rights | 144,378,870 | 98.11% | 2,757,395 | 1.87% | 1,397 |
14. Market purchase of shares | 147,013,593 | 99.9% | 124,069 | 0.08% | 0 |
15. General meeting called on not less than 14 clear days' notice | 140,208,260 | 95.27% | 6,929,029 | 4.71% | 0 |
In accordance with Listing Rule 9.6.2 copies of all resolutions passed as Special Resolutions at the Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
These resolutions will also available on the Polypipe Group website at http://investors.polypipe.com.
Board Update
As previously announced, Peter Shepherd retired as Chief Financial Officer of the Company at the conclusion of the AGM. Following his election as a director at the AGM, Martin Payne has today been appointed Chief Financial Officer of the Company. As already disclosed Martin Payne was previously Group Finance Director at Norcros plc. No further information is required to be disclosed pursuant to LR 9.6.13 R.
For further enquiries, please contact:
David Hall,
Chief Executive Officer
Martin Payne
Chief Financial Officer
+ 44 (0) 1709 770 000