Last checked at 9 May 2019 17:36
TYMAN PLC
("Tyman" or the "Group")
Result of Annual General Meeting
Tyman, a leading international supplier of engineered components to the door and window industry, is pleased to announce all resolutions put to its Annual General Meeting held earlier today, 9 May 2019, were duly passed on a show of hands.
The full text of each resolution is contained in the 2019 Notice of Annual General Meeting, which is available on the Tyman plc website.
A poll was not taken on any of the resolutions proposed, however, details of the proxy votes received in respect of each of the resolutions are set out below:
Resolution | In Favour | Discretion | Against | Withheld | ||||
Votes | %age | Votes | %age | Votes | %age | Votes | ||
1. | To receive and adopt the 2018 Annual Report | 162,952,432 | 99.98 | 3,928 | 0.01 | 11,378 | 0.01 | 0 |
2. | To declare a final dividend of 8.25 pence per Ordinary share | 162,963,811 | 99.99 | 3,928 | 0.01 | 0 | 0 | 0 |
3. | To approve the Directors' remuneration report | 156,326,772 | 95.92 | 5,164 | 0.01 | 6,635,803 | 4.07 | 0 |
4. | To re-elect Martin Towers | 155,479,877 | 95.40 | 3,928 | 0.01 | 7,483,934 | 4.59 | 0 |
5. | To re-elect Pamela Bingham | 162,198,360 | 99.52 | 3,928 | 0.01 | 765,451 | 0.47 | 0 |
6. | To re-elect James Brotherton - Resolution withdrawn | - | - | - | - | - | - | - |
7. | To re-elect Helen Clatworthy | 162,198,360 | 99.52 | 3,928 | 0.01 | 765,451 | 0.47 | 0 |
8. | To elect Jo Hallas | 162,729,633 | 99.85 | 3,928 | 0.01 | 234,178 | 0.14 | 0 |
9. | To re-elect Mark Rollins | 162,198,360 | 99.52 | 3,928 | 0.01 | 765,451 | 0.47 | 0 |
10. | To re-appoint PwC as auditors | 162,960,990 | 99.98 | 3,928 | 0.01 | 2,821 | 0.01 | 0 |
11. | To authorise the Directors' to set the auditors' remuneration | 162,962,411 | 99.98 | 3,928 | 0.01 | 1,400 | 0.01 | 0 |
12. | To permit the Company to make political donations | 140,184,458 | 99.61 | 4,774 | 0.01 | 528,893 | 0.38 | 22,249,614 |
13. | To authorise the Directors to allot securities up to an aggregate amount of £6,534,554 | 162,270,959 | 99.57 | 4,774 | 0.01 | 692,006 | 0.42 | 0 |
14. | To authorise the Directors to allot securities free from pre-emption rights, subject to certain limitations | 151,910,447 | 93.21 | 3,928 | 0.01 | 11,052,454 | 6.78 | 910 |
15. | To disapply statutory pre-emption rights in relation with acquisitions and certain capital investments | 145,869,305 | 89.50 | 4,774 | 0.01 | 17,092,750 | 10.49 | 910 |
16. | To authorise the Company to purchase its own shares | 162,640,743 | 99.98 | 4,774 | 0.01 | 4,501 | 0.01 | 317,721 |
17. | To authorise the issue of Bonus Shares to all Shareholders | 162,960,731 | 99.98 | 3,928 | 0.01 | 3,080 | 0.01 | 0 |
18. | To authorise the cancellation of Bonus Shares and reduction of share premium | 162,959,885 | 99.98 | 3,982 | 0.01 | 3,926 | 0.01 | 0 |
19. | To adopt new articles of association of the Company - Resolution withdrawn | - | - | - | - | - | - | - |
20. | To authorise the calling of general meetings on not less than 14 days' notice | 135,483,100 | 83.13 | 3,928 | 0.01 | 27,480,711 | 16.86 | 0 |
Resolution 19
Following consultations with shareholders, in particular concerning the proposed removal of the borrowing limit from the Articles of Association, the Company today announced that it no longer intended to seek shareholders' approval for the Proposal at this year's AGM and that the existing Articles shall continue in force.
The withdrawal of this item of business does not affect the validity of the remainder of the resolutions passed at the Annual General Meeting.
Notes:
1. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
2. The number of 5 pence Ordinary shares in issue (excluding shares held in Treasury) on 9 May 2019 was 196,232,876. Shareholders are entitled to one vote per share.
3. The total votes cast and votes withheld lodged as a percentage of Tyman plc's issued share capital (excluding shares held in Treasury) was 83.05%.
9 May 2019
Enquiries:
Tyman plc | 020 7976 8000 |
Carolyn Gibson - Group Company Secretary | www.tymanplc.com |