Last checked at 23 Jul 2020 13:00
Tate & Lyle PLC
Result of Annual General Meeting 2020
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 2020 were duly passed.
The Board recognises that the AGM is an opportunity for shareholders to express their views directly to Board members and, despite the necessary changes to the format of the AGM this year due to Covid-19, the Board was keen to ensure that shareholders had the opportunity for engagement in advance of the AGM. Therefore, shareholders were invited to submit questions in advance of the meeting and an audiocast was made available giving shareholders an opportunity to hear a presentation from our Chairman, Gerry Murphy, and our Chief Executive, Nick Hampton. You can listen to the audiocast from this link or from our website www.tateandlyle.com/investors/agm. The audiocast is available to watch on the above link until Thursday 24 August 2020.
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 | 343,696,790 | 99.92 | 262,575 | 0.08 | 956,885 |
2. | Remuneration Policy | 333,350,795 | 97.24 | 9,474,353 | 2.76 | 1,515,345 |
3. | Remuneration Report | 339,436,069 | 99.01 | 3,400,066 | 0.99 | 1,504,358 |
4. | Approve final dividend | 343,654,497 | 99.97 | 111,503 | 0.03 | 574,494 |
5. | Re-elect Dr Gerry Murphy | 342,028,584 | 99.52 | 1,634,972 | 0.48 | 676,937 |
6. | Re-elect Nick Hampton | 342,872,428 | 99.76 | 837,432 | 0.24 | 630,634 |
7. | Re-elect Imran Nawaz | 341,598,625 | 99.39 | 2,102,336 | 0.61 | 639,533 |
8. | Re-elect Paul Forman | 342,364,816 | 99.61 | 1,337,088 | 0.39 | 638,590 |
9. | Re-elect Lars Frederiksen | 342,268,434 | 99.58 | 1,429,193 | 0.42 | 642,867 |
10. | Re-elect Anne Minto | 342,002,984 | 99.76 | 831,106 | 0.24 | 1,506,404 |
11. | Re-elect Kimberly Nelson | 343,105,202 | 99.83 | 590,747 | 0.17 | 644,545 |
12. | Re-elect Dr Ajai Puri | 342,489,791 | 99.65 | 1,210,927 | 0.35 | 639,776 |
13. | Re-elect Sybella Stanley | 341,708,376 | 99.42 | 1,999,971 | 0.58 | 632,147 |
14. | Re-elect Warren Tucker | 342,246,052 | 99.58 | 1,447,564 | 0.42 | 646,878 |
15. | Re-appoint Ernst & Young LLP | 344,233,498 | 99.98 | 69,337 | 0.02 | 613,415 |
16. | Approve auditors' remuneration | 344,262,284 | 99.99 | 50,563 | 0.01 | 603,403 |
17. | Authority to make political donations and incur political expenditure | 342,084,482 | 99.44 | 1,928,843 | 0.56 | 902,925 |
18. | Approve Sharesave Plan | 340,911,128 | 99.03 | 3,326,360 | 0.97 | 678,762 |
19. | Approve Performance Share Plan | 338,838,742 | 98.44 | 5,376,337 | 1.56 | 701,170 |
20. | Authority to allot shares | 331,611,876 | 96.31 | 12,702,248 | 3.69 | 602,126 |
21. | Authority to disapply pre-emption rights | 342,293,309 | 99.42 | 1,999,300 | 0.58 | 624,374 |
22. | Additional authority to disapply pre-emption rights for an acquisition or specified capital investment | 340,744,123 | 98.97 | 3,540,771 | 1.03 | 632,088 |
23. | Authority to purchase own shares | 340,842,469 | 99.21 | 2,702,783 | 0.79 | 1,370,997 |
24. | Authority in respect of notices for general meetings | 330,615,449 | 96.02 | 13,690,620 | 3.98 | 610,181 |
(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 21 July 2020, there were 468,417,247 ordinary shares and 2,394,000 preference shares (which have limited voting rights) in issue.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed as special business at the AGM will shortly be available to view via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Claire-Marie O'Grady
Company Secretary
23 July 2020