Last checked at 18 Jul 2018 13:26
Renold plc
("Renold" or the "Company")
Resolutions passed at Annual General Meeting on 18 July 2018
Renold is pleased to announce that all resolutions proposed at its Annual General Meeting were duly passed. Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.renold.com.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
All resolutions put to the meeting were passed on a show of hands.
The following is a summary of the Forms of Proxy received up to 48 hours before the time of the Annual General Meeting by the Company's registrar:
Resolution | For and Discretion | % | Against | % | % of issued share capital voted | Withheld* |
1. To receive and consider the accounts and the Directors' and Auditor's report on them | 153,883,925 | 99.98 | 23,176 | 0.02 | 68.28 | 2,813 |
2. To approve the Directors' Remuneration Report | 114,632,326 | 74.53 | 39,178,064 | *** 25.47 | 68.23 | 99,524 |
3. To re-elect Mark Harper as a Director of the Company | 153,835,889 | 99.98 | 38,457 | 0.02 | 68.26 | 35,568 |
4. To re-elect Ian Griffiths as a Director of the Company | 153,830,270 | 99.97 | 39,806 | 0.03 | 68.26 | 39,838 |
5. To re-elect David Landless as a Director of the Company | 153,842,889 | 99.98 | 25,269 | 0.02 | 68.26 | 41,756 |
6. To re-appoint Deloitte LLP as auditors | 152,844,244 | 99.98 | 33,923 | 0.02 | 67.82 | 1,031,747 |
7. To authorise the Directors to determine the auditors' remuneration | 153,805,067 | 99.99 | 22,934 | 0.01 | 68.24 | 81,913 |
8. To authorise the Directors to allot shares | 152,781,462 | 99.27 | 1,116,193 | 0.73 | 68.27 | 12,259 |
9. Special resolution to disapply pre-emption rights** | 152,731,518 | 99.27 | 1,117,059 | 0.73 | 68.25 | 61,337 |
10. Special resolution to further disapply pre-emption rights** | 152,726,643 | 99.27 | 1,118,314 | 0.73 | 68.25 | 64,957 |
11. Special resolution to authorise the Company to make market purchases of its own ordinary shares** | 153,730,133 | 99.89 | 167,781 | 0.11 | 68.27 | 12,000 |
12. Special resolution to authorise the calling of a general meeting on not less than 14 clear days' notice** | 152,786,212 | 99.32 | 1,039,385 | 0.68 | 68.24 | 84,317 |
13. Special resolution to authorise political donations** | 152,593,795 | 99.18 | 1,266,267 | 0.82 | 68.26 | 49,852 |
NB Percentage figures are rounded to 2 decimal places
* a 'Vote Withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution
** Passed as special resolutions
*** Whilst there was broad shareholder support for Resolution 2 (Approval of the Directors' Remuneration Report), the Board acknowledges the number of votes cast against. It should be noted that the remuneration policy is due to be reviewed during this financial year, and the Board will consult with shareholders as a part of this and ahead of presenting a new policy for approval at the 2019 AGM
18 July 2018
Renold plc | Tel: 0161 498 4500 |
Ian Scapens, Group Finance Director | |