12 May 2015 12:45
TT Electronics plc ("the Company")
12 May 2015
Annual General Meeting
All resolutions put to the Annual General Meeting of the Company held at 11.30 am on 12 May 2015 were duly passed.
As stated in the announcement issued on 9 April 2015, resolution 6, being the resolution to re-elect Sean Watson as a Director of the Company, was not put to the meeting.
The Company recognises that a significant number of proxy votes were cast against Resolution 2, to approve the Annual Report on Remuneration for the year ended 31 December 2014. Shareholders know that 2014 was a challenging year for TT Electronics against expectations. To recruit a new executive team and to respect contractual termination agreements, the Remuneration Committee was mindful of the need to take strong and effective decisions, balancing the immediate needs of the Company with longer term shareholder expectations. The Board spoke with major shareholders before the AGM, will conduct a thorough assessment of all responses received and consider remuneration policy accordingly.
L D Boardman
Group Company Secretary
Tt Electronics (TTG)