Last checked at 6 May 2020 13:07
6 May 2020
TT Electronics plc
("the Company")
Annual General Meeting Results & Directorate Change
The Company announces that Neil Carson stepped down as a director of the Company from the close of the Company's Annual General Meeting (AGM) held on 6 May 2020. Neil's intention to step down was previously announced in December 2019. Warren Tucker was appointed as a director of the Company on 2 April 2020 and became Chairman of the Board at the close of the AGM, following the announcement made on 3 April 2020.
The Company is also pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 10.00 am on 6 May 2020 were duly passed.
A poll was conducted on resolutions 1- 21, with the exception of resolutions 4 and 6 which were withdrawn. The results of the poll were as follows.
RESOLUTION | VOTES FOR (including discretionary) | VOTES AGAINST | % of issued share capital voted | VOTES WITHHELD** | ||
NUMBER | % | NUMBER | % | |||
1. Receive Annual report and accounts | 132,121,907 | 99.96% | 50,244 | 0.04% | 80.56% | 15,175 |
2. Remuneration report | 124,542,291 | 97.28% | 3,486,914 | 2.72% | 78.03% | 4,158,121 |
3. Remuneration Policy | 109,271,441 | 91.89% | 9,642,007 | 8.11% | 72.48% | 13,273,878 |
4. Resolution withdrawn* | ||||||
5. Elect Anne Thorburn | 132,109,998 | 99.97% | 42,089 | 0.03% | 80.55% | 35,240 |
6. Resolution withdrawn* | ||||||
7. Re-elect Richard Tyson | 132,113,148 | 99.97% | 40,858 | 0.03% | 80.55% | 33,321 |
8. Re-elect Mark Hoad | 131,978,071 | 99.87% | 175,935 | 0.13% | 80.55% | 33,321 |
9. Re-elect Stephen King | 132,119,998 | 99.97% | 39,029 | 0.03% | 80.55% | 28,300 |
10. Re-elect Jack Boyer | 132,119,777 | 99.97% | 40,300 | 0.03% | 80.55% | 27,250 |
11. Re-elect Alison Wood | 128,045,977 | 99.96% | 46,984 | 0.04% | 78.07% | 4,094,366 |
12. Appoint Deloitte LLP as Auditor | 132,120,308 | 99.95% | 59,714 | 0.05% | 80.56% | 7,305 |
13. Auditors' remuneration | 132,123,296 | 99.97% | 36,943 | 0.03% | 80.55% | 27,088 |
14. Authority to allot shares | 126,230,228 | 95.52% | 5,922,011 | 4.48% | 80.55% | 35,088 |
15. Approve Deferred Share Bonus Plan | 128,653,985 | 97.36% | 3,486,314 | 2.64% | 80.54% | 47,027 |
16. Approve Sharesave Scheme | 132,059,592 | 99.95% | 64,163 | 0.05% | 80.53% | 63,572 |
17. Approve USA Employee Stock Purchase Plan | 131,950,475 | 99.95% | 72,418 | 0.05% | 80.47% | 164,434 |
18. Authority to disapply pre-emption rights (1)*** | 131,845,308 | 99.85% | 196,586 | 0.15% | 80.48% | 145,433 |
19. Authority to disapply pre-emption rights (2)*** | 128,480,880 | 97.29% | 3,574,913 | 2.71% | 80.49% | 131,533 |
20. Purchase of own shares*** | 128,565,632 | 97.34% | 3,506,551 | 2.66% | 80.50% | 115,143 |
21. Notice of general meetings*** | 131,252,055 | 99.32% | 893,597 | 0.68% | 80.54% | 41,675 |
* Resolution 4 (to pay a final dividend) and Resolution 6 (to re-elect Neil Carson as a director) were withdrawn and so were not put to the meeting.
** A "vote withheld" is not a vote in law and is not counted in the calculation of the votes "for" and "against" a resolution.
*** Special resolution.
An additional ordinary resolution was put to the meeting as Resolution 22, to elect Warren Tucker as a director. This resolution was passed on a show of hands. Warren joined the Board on 2 April 2020, after the Notice of Annual General Meeting had been posted to shareholders. Warren will stand for re-election by shareholders at the 2021 Annual General Meeting.
In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
L D Boardman
Group Company Secretary