Last checked at 1 Apr 2020 09:00
Rotork Plc
2019 Annual Report and Notice of Annual General Meeting
1 April 2020
The Company today published its 2019 Annual Report and Accounts for the year ended 31 December 2019, and the Notice of the 2020 Annual General Meeting ("AGM"), which is to be held at 12 p.m. on Friday, 24 April 2020 at Rotork House, Brassmill Lane, Bath, BA1 3HZ. Shareholders should note the change in venue for the AGM from that previously published.
In accordance with Listing Rule 9.6.1, these documents will shortly be available for inspection at the National Storage Mechanism, which is located at http://www.morningstar.co.uk/uk/NSM. Hard copy versions have been posted to shareholders who have elected to receive them in paper form.
The Notice of AGM and Annual Report and Accounts are also available to view or download in pdf format from the Company's website at https://www.rotork.com/en/investors.
COVID-19 Update
The Board considers the AGM as an important opportunity to present to shareholders the Company's performance and strategic priorities, and to listen to and respond to shareholder questions. However, the Board notes the guidance issued by the UK government on 23 March 2020 restricting social gatherings for a period of three weeks in the view of the ongoing COVID-19 pandemic and the fact that, if such guidance remains in place on the date of the AGM, shareholders will be prohibited from attending the AGM. As there is no certainty as to when these restrictions will be removed, the Board requests that shareholders do not plan to attend the AGM but instead appoint a proxy and provide voting instructions in advance to that proxy, either electronically or by using the appropriate Form of Proxy.
Alternative arrangements and change of AGM venue
Given the restrictions described above and the fact that shareholders are unlikely to be able to attend the AGM in person, the Board has put in place a dial in facility for shareholders to listen to the AGM proceedings: (i) by phone by dialling 0800-051-3810 and entering the following pin 842 009 580; or (ii) by accessing the following web address: https://rotork.webex.com/rotork/onstage/g.php?MTID=e1c3c2b7bf6405fec55f315418eb08400. Shareholders dialling in will not be counted as being present at the meeting and, therefore, will not be able to speak or ask questions. However, the Board is looking to put in place arrangements to take questions from shareholders listening remotely after the business of the AGM is concluded by converting this dial-in facility into an interactive facility, further details of which will be published via the Regulatory News System ("RNS") and uploaded to the Company's website in due course.
In addition, shareholders are encouraged to submit questions, at least 7 days prior to the date of the AGM, relating to the business being dealt with at the AGM, to the Company Secretary using the following e-mail address: CompanySecretary@rotork.com. The Company will endeavour to publish these questions and the Company's responses to the Company's website (https://www.rotork.com/en/investors) as soon as practicable after the AGM. In addition, a recording of the CEO's presentation (which will now not be made at the AGM) will be uploaded to the Company's website at the same time. The Company is taking these precautionary measures in light of the continued uncertainty and the in order to safeguard its shareholders' and employees' health and make the AGM as safe and efficient as possible.
The Board will review these arrangements for the AGM and any additional and/or alternative measures in advance of the AGM. The Company will continue to update shareholders on material corporate and business developments in the usual way via the RNS. Further information will be made available at the Company's website. The Company encourages shareholders to check this website regularly for the latest information on its engagement with shareholders and arrangements for the AGM. Shareholders should note the change of venue for the AGM from that previously announced, which will be held at Rotork House, Brassmill Lane, Bath, BA1 3HZ.
The Company apologises for any inconvenience caused by these changes and arrangements but it considers these changes to be the most appropriate way to hold its AGM in order to enable as many shareholders as possible to listen to proceedings.
For further information, please contact:
Rotork plc
Helen Barrett-Hague, Group General Counsel and Company Secretary Tel: +441225733331