Last checked at 29 Jul 2015 16:45
Tate & Lyle PLC
Result of Annual General Meeting 2015
Tate & Lyle PLC (the “Company”) announces that at its Annual General Meeting (“AGM”) held earlier today, all resolutions contained in the Notice of Annual General Meeting 2015, with the exception of Resolution 11 (which, as explained below, was withdrawn from the meeting), were duly passed.
Resolution 11 in the Notice of Annual General Meeting, which referred to the proposed re-election of Virginia Kamsky, was withdrawn from the meeting following her resignation from the Board on 1 July 2015.
The results of the poll held at the AGM are as follows:
| Resolution | Total For(1) | Total Against | Votes withheld(2) | ||||||||||
| No. of votes | % of vote | No. of votes | % of vote | No. of votes | |||||||||
| 1. | Report and Accounts | 317,415,730 | 99.64 | 1,150,206 | 0.36 | 5,437,548 | |||||||
| 2. | Remuneration Report | 180,754,298 | 58.77 | 126,815,378 | 41.23 | 15,965,954 | |||||||
| 3. | Approve final dividend | 321,270,941 | 99.49 | 1,653,288 | 0.51 | 611,401 | |||||||
| 4. | Re-elect Sir Peter Gershon | 306,193,469 | 95.30 | 15,116,222 | 4.70 | 2,225,939 | |||||||
| 5. | Re-elect Javed Ahmed | 288,727,079 | 92.35 | 23,910,040 | 7.65 | 10,898,511 | |||||||
| 6. | Re-elect Nick Hampton | 322,820,556 | 99.97 | 83,657 | 0.03 | 631,217 | |||||||
| 7. | Re-elect Liz Airey | 321,041,229 | 99.42 | 1,860,549 | 0.58 | 633,852 | |||||||
| 8. | Re-elect William Camp | 321,308,280 | 99.51 | 1,597,844 | 0.49 | 629,506 | |||||||
| 9. | Re-elect Paul Forman | 316,577,763 | 99.03 | 3,090,431 | 0.97 | 3,867,436 | |||||||
| 10. | Re-elect Douglas Hurt | 322,787,305 | 99.96 | 114,678 | 0.04 | 633,647 | |||||||
| 11. | Re-elect Virginia Kamsky | Withdrawn | |||||||||||
| 12. | Re-elect Anne Minto | 312,892,257 | 96.90 | 10,010,010 | 3.10 | 633,363 | |||||||
| 13. | Re-elect Dr Ajai Puri | 321,454,780 | 99.56 | 1,436,267 | 0.44 | 644,583 | |||||||
| 14. | Re-appoint auditors | 313,499,816 | 96.95 | 9,873,621 | 3.05 | 630,047 | |||||||
| 15. | Approve auditors’ remuneration | 322,939,829 | 99.87 | 419,526 | 0.13 | 644,129 | |||||||
| 16. | Authority to make political donations and incur political expenditure | 301,051,487 | 94.12 | 18,811,644 | 5.88 | 4,140,353 | |||||||
| 17. | Authority to allot shares | 322,631,632 | 99.78 | 720,402 | 0.22 | 651,450 | |||||||
| 18. | Dis-application of pre-emption rights | 322,395,487 | 99.62 | 1,238,470 | 0.38 | 369,527 | |||||||
| 19. | Authority to purchase own shares | 322,782,104 | 99.82 | 594,919 | 0.18 | 626,461 | |||||||
| 20. | Notice period for general meetings | 289,628,976 | 89.57 | 33,730,414 | 10.43 | 644,094 | |||||||
(1) Includes discretionary votes.
(2) A ‘vote withheld’ is not a vote in law and is not counted in the calculation of the proportion of votes ‘For’ or ‘Against’ a resolution.
On 27 July 2015, there were 466,420,623 ordinary shares in issue (excluding Treasury Shares) and 149 shareholders or persons representing shareholders attended the meeting.
In accordance with Listing Rule 9.6.2R, copies of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.
The Board notes that Resolution 2 relating to the approval of the 2015 Directors' Remuneration Report, received a vote of 58.77% in favour. The Board values and respects the views of shareholders. The Remuneration Committee has already consulted with a number of shareholders and proxy advisor bodies prior to the AGM to discuss their concerns relating to the Directors’ Remuneration Report. The Board continues to take its responsibility to engage with shareholders seriously and will assess the feedback it has received to inform future consultations.
Lucie Gilbert
Company Secretary
29 July 2015
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