Last checked at 29 Jan 2021 13:59
29 January 2021
Treatt Plc (the "Company")
RESULT OF AGM AND BOARD COMMITTEE CHANGES
The AGM of Treatt plc was held as a closed meeting on Friday 29th January 2021 at 10.30am.
As we announced on 21 December 2020, in light of the COVID-19 pandemic and the UK Government's current restrictions on public gatherings and mandatory social distancing, and the extension to 31 March 2021 of the regulations set out in Schedule 14 of the Corporate Insolvency and Governance Act 2020, shareholders were unfortunately unable to attend. We thank shareholders for their understanding in this respect. The minimum quorum requirements as stated in the Company's Articles of Association was facilitated by the Company. All resolutions were put to the meeting on a poll, the full results of which are given below.
Resolution | Votes For | % For | Votes Against | % Against | Total Votes Cast | % of Voting Rights Voted | Votes Withheld |
1. Receive Accounts | 31,297,027 | 99.98 | 5,867 | 0.02 | 31,302,894 | 51.90% | 3,967 |
2. Approval of the Remuneration report | 30,877,862 | 98.68 | 411,482 | 1.32 | 31,289,344 | 51.88% | 17,517 |
3. Final Dividend | 31,305,877 | 100.00 | 0 | 0.00 | 31,305,877 | 51.91% | 984 |
4. Re-election of Tim Jones as a director | 31,287,385 | 99.98 | 5,967 | 0.02 | 31,293,352 | 51.89% | 13,509 |
5. Re-election of Daemmon Reeve as a director | 31,304,276 | 99.99 | 1,601 | 0.01 | 31,305,877 | 51.91% | 984 |
6. Re-election of Richard Hope as a director | 31,284,192 | 100.00 | 1,100 | 0.00 | 31,285,292 | 51.87% | 21,569 |
7. Re-election of David Johnston as a director | 31,281,667 | 100.00 | 1,100 | 0.00 | 31,282,767 | 51.87% | 24,094 |
8. Re-election of Jeff Iliffe as a director | 31,273,955 | 99.98 | 6,967 | 0.02 | 31,280,922 | 51.87% | 25,939 |
9. Re-election of Richard Illek as a director | 30,463,498 | 97.38 | 819,019 | 2.62 | 31,282,517 | 51.87% | 24,344 |
10. Re-election of Yetunde Hofmann as a director | 30,462,903 | 97.38 | 819,864 | 2.62 | 31,282,767 | 51.87% | 24,094 |
11. Re-election of Lynne Weedall as a director | 31,274,955 | 99.98 | 5,967 | 0.02 | 31,280,922 | 51.87% | 25,939 |
12. Re-election of Vijay Thakrar as a director | 31,280,822 | 100.00 | 100 | 0.00 | 31,280,922 | 51.87% | 25,939 |
13. Re-appointment of Auditors | 31,295,721 | 99.97 | 8,254 | 0.03 | 31,303,975 | 51.91% | 2,886 |
14. Auditors Remuneration | 31,301,340 | 99.99 | 2,551 | 0.01 | 31,303,891 | 51.91% | 2,970 |
15. Approval of remuneration policy | 29,750,757 | 95.10 | 1,533,965 | 4.90 | 31,284,722 | 51.87% | 22,139 |
16. Authority to allot securities | 30,912,027 | 98.77 | 383,709 | 1.23 | 31,295,736 | 51.89% | 11,125 |
17. Authority to disapply pre-emption rights | 31,215,360 | 99.71 | 90,376 | 0.29 | 31,305,736 | 51.91% | 1,125 |
18. Authority to disapply pre-emption rights for the purposes of acquisitions or capital investments | 31,214,740 | 99.71 | 90,996 | 0.29 | 31,305,736 | 51.91% | 1,125 |
19. Authority to purchase own shares | 31,262,827 | 99.86 | 43,050 | 0.14 | 31,305,877 | 51.91% | 984 |
20. Notice of general meetings | 31,209,409 | 99.69 | 96,468 | 0.31 | 31,305,877 | 51.91% | 984 |
21. Amendment to Articles of Association | 31,295,103 | 99.97 | 9,738 | 0.03 | 31,304,841 | 51.91% | 2,020 |
NB: "For" votes include those giving the Chairman discretion
Percentages of votes excludes votes Withheld
The total number of voting rights at the date of the AGM was 59,636,353.
The full text of all the resolutions can be found in the Notice of AGM on pages 155-160 of the Annual Report, which was submitted to the National Storage Mechanism and is available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism and on the Company's website www.treatt.com.
Given that the AGM was a closed meeting, the Company invited shareholders to submit questions in advance of the meeting. The questions raised by shareholders and the Company's response can also be found on the Company's website using this link: https://www.treatt.com/content/5-investor-relations/2-shareholder-services/3-agm/shareholder-questions-2021-agm.pdf
Committee changes
In accordance with Listing Rule 9.6.11R (3), Treatt Plc also announces the following Board committee changes with effect from 29 January 2021:
· Tim Jones, Chairman of the Board, steps down as Chair of the Nomination Committee.
· Lynne Weedall, Senior Independent Non-executive Director, steps down as Chair of the Remuneration Committee and is appointed Chair of the Nomination Committee.
· Yetunde Hofmann, Independent Non-executive Director, is appointed Chair of the Remuneration Committee.
The Remuneration Committee now comprises of Yetunde Hofmann (Chair), Jeff Iliffe and Lynne Weedall.
The Nomination Committee now comprises of Lynne Weedall (Chair), Daemmon Reeve, Richard Illek, Yetunde Hofmann and Vijay Thakrar.
The Audit Committee comprises of Jeff Iliffe (Chair), Yetunde Hofmann and Vijay Thakrar.
For further information please contact:
Treatt plc
Anita Guernari
Company Secretary
01284 702500
END