Last checked at 10 May 2018 16:14
10 May 2018
SIG plc
("SIG" or the "Company")
Results of Annual General Meeting ("AGM")
LEI: 213800VDC1BKJEZ8PV53
SIG announces that Resolutions 1 to 10 and 12 to 17 contained in the Notice of Annual General Meeting dated 4 April 2018 previously circulated to shareholders were duly passed by way of a show of hands at the Annual General Meeting ("AGM") of the Company held earlier today. Resolution 11 was defeated by way of a poll.
A breakdown of the proxy votes lodged prior to the AGM for each resolution are set out below:-
Resolution | For | Against | Withheld |
1. To receive the financial statements | 271,269,028 | 232,436,879 | 1,411,555 |
2. To approve the Annual Statement by the Chair of the Remuneration Committee and the Directors' Report on Remuneration | 456,590,411 | 10,396,427 | 38,130,624 |
3. To declare a final dividend | 449,197,247 | 55,551,476 | 368,740 |
4. To elect Mr A Allner | 441,991,280 | 58,541,519 | 4,584,662 |
5. To re-elect A Abt | 452,098,424 | 52,640,136 | 378,902 |
6. To re-elect J E Ashdown | 452,038,435 | 52,701,737 | 370,290 |
7. To re-elect I B Duncan | 472,324,036 | 28,438,790 | 4,354,636 |
8. To re-elect M Ewell | 450,723,310 | 54,017,657 | 373,495 |
9. To re-elect N W Maddock | 503,402,881 | 1,333,658 | 380,924 |
10. To re-elect M Oldersma | 501,968,585 | 2,773,883 | 374,995 |
11. To re-appoint Deloitte LLP as Auditor | 108,962,143 | 395,827,122 | 371,198 |
12. To authorise the Audit Committee of the Board to determine the Auditors' remuneration | 503,323,009 | 1,423,432 | 371,021 |
13. To authorise the Directors to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company | 487,402,397 | 17,713,231 | 1,835 |
14. To empower the Directors to allot equity securities for cash | 495,863,775 | 9,248,773 | 4,915 |
15. To empower the Directors to allot equity securities for cash (further 5%) | 458,151,232 | 46,961,315 | 4,915 |
16. To renew the authority for the Company to purchase its own shares | 469,601,008 | 35,127,916 | 388,538 |
17. To call general meetings on not less than 14 clear days' notice | 478,828,769 | 25,907,612 | 381,082 |
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. A "vote withheld" is not a vote in law and is not counted in the calculation proportion of the votes "for" or "against" a resolution.
3. In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.
4. A copy of the poll results for the Annual General Meeting is also available on the SIG plc website at www.sigplc.com.
5. Issued share capital as at 10 May 2018 is 591,548,235 ordinary shares of 10 pence each in the capital of the Company.
In relation to today's AGM, the Board recognises that there has been a vote against Resolution 11 (re-appointment of the external auditors) and a substantial number of votes cast against Resolution 1 (approval of the Annual Report and Accounts). The Board takes the views of shareholders extremely seriously, and takes this opportunity to inform shareholders that it is committed to carrying out an EU Audit Regulation compliant audit tender for the role of external auditor, as soon as practicable. The Board intends to consult with shareholders over coming weeks on the timing of that audit tender process and the resulting appointment of a new auditor.
In the meantime, Deloitte LLP will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 December 2017.
Enquiries:
SIG plc | |
Meinie Oldersma, Chief Executive Officer | +44 (0) 114 285 6300 |
Nick Maddock, Chief Financial Officer | +44 (0) 114 285 6300 |
FTI Consulting | |
Richard Mountain / Nick Hasell | + 44 (0) 20 3727 1340 |
Jefferies Hoare Govett | |
Chris Dickinson / Paul Nicholls | +44 (0) 20 7029 8000 |
Peel Hunt LLP | |
Justin Jones / Charles Batten | +44 (0) 20 7418 8900 |