Renold plc
("Renold" or the "Company")
Correction: the announcement at 14.07 today (RNS number 1599N) was incorrect as the final two columns showing the total share capital voted and the votes withheld were incorrectly stated. All other details remain unchanged.
The fully amended text is shown below.
Resolutions passed at Annual General Meeting on 20 September 2019 - replacement
20 September 2019
Renold is pleased to announce that all resolutions proposed at its Annual General Meeting held today were duly passed. Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.renold.com.
All resolutions put to the meeting were passed on a poll.
The following is a summary of the results of the poll as verified by the Company's registrar:
|
Resolution |
For and Discretion |
% |
Against |
% |
% of issued share capital voted |
Withheld* |
|
1. To receive and consider the accounts for the financial year ended on 31 March 2019 and the Directors' and Auditor's report on them |
143,821,638 |
99.92% |
109,288 |
0.08% |
63.85% |
6,046,092 |
|
2. To approve the Directors' Remuneration Report |
143,038,687 |
95.41% |
6,878,811 |
4.59% |
66.51% |
59,520 |
|
3. To approve the Remuneration Policy |
148,657,622 |
99.85% |
220,338 |
0.15% |
66.05% |
1,059,058 |
|
4. To elect Tim Cooper as a Director of the Company |
149,895,269 |
99.96% |
63,183 |
0.04% |
66.52% |
18,566 |
|
5. To re-elect Robert Purcell as a Director of the Company |
149,895,908 |
99.95% |
71,788 |
0.05% |
66.53% |
9,322 |
|
6. To re-elect Mark Harper as a Director of the Company |
149,890,884 |
99.95% |
77,134 |
0.05% |
66.53% |
9,000 |
|
7. To re-elect Ian Griffiths as a Director of the Company |
148,892,288 |
99.29% |
1,069,220 |
0.71% |
66.53% |
15,510 |
|
8. To re-elect David Landless as a Director of the Company |
149,892,288 |
99.95% |
69,220 |
0.05% |
66.53% |
15,510 |
|
9. To re-appoint Deloitte LLP as auditors |
138,960,248 |
99.94% |
83,477 |
0.06% |
61.68% |
10,933,293 |
|
10. To authorise the Directors to determine the auditors' remuneration |
143,853,867 |
99.96% |
58,343 |
0.04% |
63.84% |
6,064,808 |
|
11. To authorise the Directors to allot shares |
148,763,220 |
99.20% |
1,203,326 |
0.80% |
66.53% |
10,472 |
|
12. Special resolution to disapply pre-emption rights** |
148,482,187 |
99.19% |
1,211,545 |
0.81% |
66.41% |
283,286 |
|
P 13. Special resolution to further disapply pre-emption rights** |
148,474,187 |
99.19% |
1,209,545 |
0.81% |
66.40% |
293,286 |
|
14. Special resolution to authorise the Company to make market purchases of its own ordinary shares** |
149,601,680 |
99.82% |
269,403 |
0.18% |
66.49% |
105,935 |
|
15. Special resolution to authorise political donations** |
145,182,541 |
96.81% |
4,780,813 |
3.19% |
66.53% |
13,664 |
NB Percentage figures are rounded to 2 decimal places
* a 'Vote Withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution
** Passed as special resolutions
ENQUIRIES:
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NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well-deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.
Further information about Renold can be found on the website at: www.renold.com
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