Last checked at 12 Jul 2012 15:44
Renold plc
("Renold" or the "Company")
Resolutions passed at Annual General Meeting on 12 July 2012
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.hemscott.com/nsm.do.
As previously announced, Mark Harper has assumed the role of Chairman and Matthew Peacock and David Shearer have stepped down from the Board.
All resolutions put to the meeting were passed on a show of hands.
The Company expects to issue its next trading update to the market in mid August.
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 reports on them | 125,690,903 | 99.82 | 227,001 | 0.18 | 56.96 | 213 |
2. To approve the directors' remuneration report | 99,644,122 | 85.02 | 17,556,511 | 14.98 | 53.02 | 8,717,484 |
3. To elect Mark Harper as a director | 124,831,484 | 99.17 | 1,047,247 | 0.83 | 56.94 | 39,386 |
4. To re-appoint Ernst & Young LLP as auditors | 124,666,741 | 99.81 | 233,656 | 0.19 | 56.50 | 1,017,720 |
5. To authorise the directors to determine the auditor's remuneration | 125,860,447 | 99.97 | 42,627 | 0.03 | 56.95 | 15,043 |
6. To authorise the directors to allot shares | 124,435,582 | 99 | 1,263,098 | 1 | 56.86 | 219,437 |
7. To disapply pre-emption rights** | 124,552,745 | 98.98 | 1,281,242 | 1.02 | 56.92 | 84,130 |
8. To authorise the Company to make market purchases of its own ordinary shares** | 125,607,715 | 99.76 | 308,186 | 0.24 | 56.96 | 2,216 |
9. To authorise the calling of a general meeting on not less than 14 clear days' notice** | 124,548,514 | 98.96 | 1,309,981 | 1.04 | 56.93 | 59,622 |
10. To authorise political donations** | 113,849,767 | 90.6 | 11,818,965 | 9.40 | 56.85 | 249,385 |
*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
12 July 2012
Renold plc | Tel: 0161 498 4500 |
Brian Tenner, Company Secretary | |