26 Jan 2016 14:08
26 January 2016
Avon Rubber p.l.c.
(the 'Company')
Result of AGM and Retirement of Director
Result of AGM
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held on the 26 January 2016, all the resolutions proposed in the Notice of Meeting were passed on a show of hands.
Full details of the proxy votes received from shareholders prior to the meeting for each resolution are set out below and will also be made available on the Company's website: www.avon-rubber.com
| RESOLUTIONS | FOR | %
| AGAINST | %
| WITHHELD |
1 | To receive the Report and Accounts | 21,120,405 | 99.9 | 58 | 0.01 | 10,447 |
2 | To approve the Remuneration Policy | 15,042,235 | 77.15 | 4,454,154 | 22.85 | 1,634,519 |
3 | To approve the Directors' Remuneration Report | 19,569,894 | 98.32 | 334,138 | 1.68 | 1,226,876 |
4 | To declare a final dividend | 21,130,910 | 100 | 0 | 0 | 0 |
5 | To re-appoint David Evans as a Director | 21,075,330 | 99.75 | 52,205 | 0.25 | 3,375 |
6 | To re-appoint Petrus Vervaat as a Director | 20,976,115 | 99.27 | 154,795 | 0.73 | 0 |
7 | To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 20,630,301 | 97.78 | 467,608 | 2.22 | 33,000 |
8 | To authorise the Directors to determine the auditors' remuneration | 21,121,270 | 99.99 | 3,140 | 0.01 | 6,500 |
9 | To approve amendments to the Avon Rubber p.l.c. 2010 Performance Share Plan | 20,904,921 | 98.99 | 212,562 | 1.01 | 13,426 |
10 | To approve the Avon Rubber p.l.c. 2015 Share Option Plan | 20,867,858 | 99.71 | 60,028 | 0.29 | 203,022 |
11 | To approve the Avon Rubber p.l.c. 2015 US Stock Option Plan | 20,864,807 | 99.71 | 60,281 | 0.29 | 205,820 |
12 | To authorise the Directors to allot shares | 21,112,430 | 99.94 | 13,505 | 0.06 | 4,975 |
13 | To disapply pre-emption rights | 21,113,271 | 99.94 | 12,417 | 0.06 | 5,222 |
14 | To authorise the Company to purchase its own shares | 21,114,076 | 99.93 | 15,334 | 0.07 | 1,500 |
15 | To authorise short notice general meetings | 20,448,276 | 96.89 | 655,633 | 3.11 | 27,000 |
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
2. 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.
3. Discretionary proxy votes lodged in favour of a third party have not been included in the 'for', 'against' or 'total' figures.
4. At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.
In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.
Retirement of Director
As previously reported in the 2015 Annual Report, Richard Wood retired as Director of the Company at the conclusion of the AGM. Pim Vervaat has replaced Mr Wood as the Senior Independent Director.
Resolution No. 2
The Board has already engaged with a number of the shareholders who voted against resolution no. 2 to understand the reasons behind their vote. Shareholders who voted against resolution no.2 are encouraged to contact the Company Secretary to confirm their reasons for doing so. The Board will confirm its response to the issues raised in due course.
Miles Ingrey-Counter
Company Secretary
Avon Protection (AVON)