27 May 2015 15:41
POLYPIPE GROUP PLC
(the "Company")
Results of Annual General Meeting and Board Update
27 May 2015
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 2014 | 149,656,467 | 99.99 | 0 | 0 | 37,800 |
2. Approve Directors' Remuneration Policy | 146,494,935 | 99.98 | 1,457 | 0.01 | 3,197,875 |
3. Approve Directors' Remuneration Report | 144,345,469 | 98.52 | 2,150,923 | 1.47 | 3,197,875 |
4. Approve a final dividend of 3 pence per Ordinary Share | 149,656,467 | 99.99 | 0 | 0 | 37,800 |
5. Election of Mr David Hall as a Director | 148,115,263 | 98.96 | 1,540,807 | 1.03 | 38,197 |
6. Election of Mr Peter Shepherd as a Director | 149,130,685 | 99.64 | 525,385 | 0.35 | 38,197 |
7. Election of Mr Ron Marsh as a Director | 149,614,861 | 99.96 | 41,209 | 0.03 | 38,197 |
8. Election of Mrs Moni Mannings as a Director | 149,654,570 | 99.99 | 0 | 0 | 39,697 |
9. Election of Mr Paul Dean as a Director | 149,654,570 | 99.99 | 0 | 0 | 39,697 |
10. Election of Mr Mark Hammond as a Director | 121,908,090 | 81.57 | 27,522,874 | 18.42 | 263,303 |
11. Re-Appointment of Ernst & Young LLP as Auditor | 149,402,133 | 99.82 | 253,937 | 0.17 | 38,197 |
12. Authorise Directors to agree Auditor's remuneration | 149,163,386 | 99.66 | 492,684 | 0.33 | 38,197 |
13. Authority to allot shares | 144,972,860 | 96.86 | 4,683,210 | 3.13 | 38,197 |
14. Dis-application of pre-emption rights | 149,646,560 | 99.98 | 8,710 | 0.01 | 38,997 |
15. Market purchase of shares | 149,654,767 | 99.98 | 1,700 | 0.01 | 37,800 |
16. General meeting called on not less than 14 clear days' notice | 141,298,488 | 94.41 | 8,357,979 | 5.58 | 37,800 |
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, Alan Thomson retires as Chairman of the Company today, a position he has held since October 2007. Ron Marsh has assumed the Chairmanship and has also been appointed as the Chair of the Nomination Committee.
The Company is further pleased to announce the appointment of Paul Dean as the Senior Independent Director of the Company with immediate effect.
For further enquiries, please contact:
Peter Shepherd,
Chief Financial Officer
01709 772249