28 May 2012 12:09
28 May 2012
PV Crystalox Solar PLC
RESULTS OF VOTING AT 2012 ANNUAL GENERAL MEETING
The Annual General Meeting of PV Crystalox Solar PLC (Company) held at 3 More London Riverside, London SE1 2AQ on 24 May 2012 at 2:00 pm.
The resolutions set out in the Notice were duly proposed and voted upon and the chairman declared that resolutions 1 to 2 and 4 to 11 inclusive in the Notice had been passed on a show of hands as ordinary resolutions, resolutions 12 to 14 in the Notice had been duly passed on a show of hands as special resolutions.
In view of representations made by some shareholders prior to the meeting, Maarten Henderson the chairman did not seek re-election. As a result resolution 3 was not put to the AGM.
The proxy votes lodged for resolutions 1 to 2 and 4 to 14 prior to the meeting were as follows:
Resolution | For [b] | Against | Withheld [c] |
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No. Of Cards | No. Of Votes | % of Vote | No. Of Cards | No. Of Votes | % of Vote | No. Of Cards | No. Of Votes |
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Resolution 1 To receive the 2011 Annual Accounts | 114 | 233,858,885 | 100.00% | 3 | 6,275 | 0.00% | 4 | 10,865,331 |
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Resolution 2 To receive and approve the 2011 Directors' Remuneration Report | 95 | 165,640,728 | 70.90% | 19 | 67,971,668 | 29.10% | 8 | 11,118,095 |
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Resolution 3 To re-elect Maarten Henderson as a Director | NOT | PUT TO | AGM |
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Resolution 4 To re-elect Hubert Aulich as a Director | 101 | 190,607,621 | 81.45% | 18 | 43,398,751 | 18.55% | 5 | 10,724,119 |
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Resolution 5 To re-elect Iain Dorrity as a Director | 101 | 190,610,844 | 81.46% | 17 | 43,395,528 | 18.54% | 5 | 10,724,119 |
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Resolution 6 To re-elect Peter Finnegan as a Director | 100 | 190,585,344 | 81.45% | 18 | 43,396,028 | 18.55% | 6 | 10,749,119 |
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Resolution 7 To re-elect Michael Parker as a Director | 101 | 191,725,566 | 81.93% | 16 | 42,280,806 | 18.07% | 5 | 10,724,119 |
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Resolution 8 To re-elect John Sleeman a Director | 103 | 191,726,066 | 81.93% | 15 | 42,280,306 | 18.07% | 4 | 10,724,119 |
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Resolution 9 To re-appoint PricewaterhouseCoopers LLP as auditors | 114 | 234,001,485 | 99.98% | 3 | 45,723 | 0.02% | 4 | 10,683,283 |
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Resolution 10 To authorise the Directors to fix the auditors' remuneration | 108 | 233,998,204 | 99.98% | 7 | 51,755 | 0.02% | 5 | 10,680,532 |
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Resolution 11 To authorise Directors to allot shares | 100 | 189,938,267 | 81.16% | 22 | 44,090,694 | 18.84% | 4 | 10,701,530 |
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Resolution 12 [d] To disapply statutory pre-emption rights | 101 | 192,579,118 | 82.34% | 17 | 41,301,865 | 17.66% | 5 | 10,849,508 |
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Resolution 13 [d] To authorise the Company to purchase its own shares | 106 | 233,833,836 | 99.95% | 10 | 115,929 | 0.05% | 4 | 10,780,726 |
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Resolution 14 [d] To authorise the Directors to call a general meeting on 14 clear days' notice | 105 | 229,466,169 | 98.04% | 17 | 4,588,598 | 1.96% | 2 | 10,675,724 |
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NB. Percentage figures are rounded to two decimal places | |||||||||
Notes:
a) The total number of ordinary shares in issue is 416,725,335.
b) Includes votes that were cast as Discretionary.
c) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'for' or 'Against' a resolution.
d) Indicates a Special Resolution.
e) In accordance with Listing Rules 9.6.2R and 9.6.3R, copies of each of the resolutions numbered 12 to 14 (inclusive) will be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at www.morningstar.co.uk/uk. A copy of the resolutions may also be obtained from the Notice of Meeting which is available on the Company's website at http://www.pvcrystalox.com/media/pdf/_1_PVCS_ar11_NOM%20and%20Proxy.pdf.
Matthew Wethey
Group Secretary
PV Crystalox Solar PLC
Enquiries:
PV Crystalox Solar PLC +44 (0) 1235 437188
Iain Dorrity, Chief Executive Officer
Peter Finnegan, Chief Financial Officer
Matthew Wethey, Group Secretary
FTI Consulting +44 (0) 20 7831 3113
James Melville-Ross
Tracey Bowditch
PVCS.L (PVCS)