Last checked at 12 May 2016 13:06
12 May 2016
Vesuvius plc - Result of Annual General Meeting ("AGM")
Vesuvius plc ("the Company") confirms that, at its AGM held today, each of the resolutions set out in the Notice of Meeting to Shareholders dated 22 March 2016 were passed by the Shareholders. A poll was conducted on each resolution at the meeting and the results, certified by the scrutineer Equiniti Limited, were as follows:
| RESOLUTIONS | FOR | AGAINST | TOTAL |
| |||
|
| No. of votes cast1 | % of votes cast | No. of votes cast | % of votes cast | No. of votes cast | % of Issued Share Capital2 | Votes withheld3 |
1 | Receipt of Annual Report and Accounts | 237,905,607 | 99.92 | 199,138 | 0.08 | 238,104,745 | 87.79% | 1,261,077 |
2 | Declaration of Final Dividend | 239,362,278 | 100.00 | 0 | 0.00 | 239,362,278 | 88.26% | 3,544 |
3 | Directors' Remuneration Report | 197,395,591 | 82.86 | 40,836,586 | 17.14 | 238,232,177 | 87.84% | 1,133,645 |
4 | Re-election of N Connors | 234,283,986 | 97.94 | 4,929,961 | 2.06 | 239,213,947 | 88.20% | 151,875 |
5 | Re-election of C Gardell | 235,626,360 | 98.50 | 3,586,590 | 1.50 | 239,212,950 | 88.20% | 152,872 |
6 | Re-election of H Goh | 233,589,891 | 97.65 | 5,625,059 | 2.35 | 239,214,950 | 88.20% | 150,872 |
7 | Re-election of J Hinkley | 235,997,179 | 98.65 | 3,217,771 | 1.35 | 239,214,950 | 88.20% | 150,872 |
8 | Re-election of D Hurt | 236,014,022 | 98.66 | 3,200,928 | 1.34 | 239,214,950 | 88.20% | 150,872 |
9 | Re-election of J McDonough CBE | 237,245,301 | 99.18 | 1,968,451 | 0.82 | 239,213,752 | 88.20% | 152,070 |
10 | Re-election of F Wanecq | 236,719,671 | 98.96 | 2,494,279 | 1.04 | 239,213,950 | 88.20% | 151,872 |
11 | Election of G Young | 233,786,502 | 97.73 | 5,427,250 | 2.27 | 239,213,752 | 88.20% | 152,070 |
12 | Re-appointment of Auditor | 235,922,796 | 98.56 | 3,438,340 | 1.44 | 239,361,136 | 88.26% | 4,686 |
13 | Remuneration of Auditor | 239,354,496 | 100.00 | 5,461 | 0.00 | 239,359,957 | 88.26% | 5,865 |
14 | Authority to incur political expenditure | 236,483,758 | 98.86 | 2,725,805 | 1.14 | 239,209,563 | 88.20% | 156,259 |
15 | Authority to allot shares | 238,352,202 | 99.64 | 862,576 | 0.36 | 239,214,778 | 88.20% | 151,044 |
16 | Special Resolution: Authority to dis-apply pre-emption Rights | 236,819,530 | 98.94 | 2,543,526 | 1.06 | 239,363,056 | 88.26% | 2,766 |
17 | Special Resolution: Authority to purchase own shares | 236,902,036 | 99.09 | 2,174,301 | 0.91 | 239,076,337 | 88.15% | 289,485 |
18 | Special Resolution: Authority to call a general meeting on 14 clear days' notice | 224,012,734 | 93.59 | 15,349,151 | 6.41 | 239,361,885 | 88.26% | 3,937 |
Notes:
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. The total number of shares in issue is 278,485,071 of which 7,271,174 shares are held as Treasury shares. Therefore, the total number of voting rights in the Company is 271,213,897.
3. 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.
4. All percentages are shown to two decimal places.
This information will also shortly be available to view on the Company's website at: www.vesuvius.com.
As there were no resolutions passed at the AGM other than resolutions concerning ordinary business, no copies of resolutions have been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2.
For further information, please contact:
Henry Knowles, General Counsel and Company Secretary, +44 (0) 20 7822 0000
Virginia Skroski, Investor Relations Manager +44 (0) 20 7822 0016
Vesuvius plc
165 Fleet Street
London EC4A 2AE
Tel: +44 (0) 20 7822 0000
Fax: +44 (0) 20 7822 0100
Web: www.vesuvius.com
About Vesuvius plc
Vesuvius is a global leader in molten metal flow engineering principally serving the steel and foundry industries.
We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and - increasingly - related technical services including data capture.
We have a worldwide presence. We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.
Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.
Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.