SPIRENT COMMUNICATIONS PLC
RESULTS OF 2020 ANNUAL GENERAL MEETING
London, UK - 29 April 2020: Spirent Communications plc ("the Company") (LSE: SPT), a leading communications technology company, announces that at the 2020 Annual General Meeting ("2020 AGM") of the Company held earlier today, all resolutions as set out in the Notice of 2020 AGM dated 24 March 2020 were duly passed by shareholders on a show of hands.
The results of the proxy votes lodged in advance of the AGM are set out below and are available on the Company's website https://corporate.spirent.com/
A copy of the resolutions passed as special business (resolutions 14 to 16 inclusive) has been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
|
Resolution |
For1 |
Against |
Votes Withheld2 |
|||
|
|
|
|
% |
|
% |
|
|
1 |
To receive the Company's financial statements for the year to 31 December 2019, together with the reports of the directors and auditor |
518,480,984 |
99.99 |
70,980 |
0.01 |
2,901,674 |
|
2 |
To approve the Report on directors' remuneration as set out on pages 77 to 101 of the Annual Report for the year to 31 December 2019 |
431,525,323 |
83.03 |
88,204,140 |
16.97 |
1,724,175 |
|
3 |
To declare a final dividend of 3.45 cents per Ordinary Share for the year to 31 December 2019 |
521,450,508 |
100.00 |
6 |
0.00 |
3,125 |
|
4 |
To elect Eric Updyke as a director |
519,670,142 |
99.66 |
1,775,692 |
0.34 |
7,805 |
|
5 |
To re-elect Paula Bell as a director |
517,398,527 |
99.22 |
4,051,156 |
0.78 |
3,956 |
|
6 |
To re-elect Gary Bullard as a director |
498,905,156 |
95.68 |
22,542,777 |
4.32 |
5,705 |
|
7 |
To re-elect Bill Thomas as a director |
513,451,616 |
98.49 |
7,857,514 |
1.51 |
144,508 |
|
8 |
To re-elect Wendy Koh as a director |
518,037,583 |
99.35 |
3,410,000 |
0.65 |
6,056 |
|
9 |
To re-elect Edgar Masri as a director |
518,102,632 |
99.36 |
3,339,763 |
0.64 |
11,244 |
|
10 |
To re-elect Jonathan Silver as a director |
512,927,154 |
98.77 |
6,389,781 |
1.23 |
2,136,704 |
|
11 |
To re-appoint Ernst & Young LLP as auditor |
499,417,981 |
95.78 |
21,997,724 |
4.22 |
37,933 |
|
12 |
To authorise the directors to determine the remuneration of the auditor |
520,087,381 |
99.76 |
1,270,648 |
0.24 |
95,610 |
|
13 |
To authorise the directors to allot securities |
519,553,239 |
99.66 |
1,797,610 |
0.34 |
102,790 |
|
14 |
To authorise the directors to dis-apply pre-emption rights |
521,304,590 |
99.99 |
42,659 |
0.01 |
106,390 |
|
15 |
To authorise the Company to make market purchases of its own shares |
517,631,110 |
99.58 |
2,173,885 |
0.42 |
1,648,643 |
|
16 |
To authorise a 14 day notice period for general meetings |
512,313,201 |
98.25 |
9,134,543 |
1.75 |
5,895 |
Number of votes per Ordinary share: one
|
Number of Ordinary shares in issue (total voting rights) and entitled to vote at 2020 AGM3: |
611,741,888 |
|
|
Number of Ordinary shares in issue (total voting rights) and entitled to vote at 2020 AGM3 represented by proxy votes: |
521,453,639 |
85.24% |
|
Number of shareholders entitled to vote at 2020 AGM3: |
2,802 |
|
|
Number of shareholders entitled to vote at 2020 AGM3 represented by proxy votes: |
368 |
13.13% |
Notes:
1. Any proxy appointments which gave discretion to the Chairman of the Meeting have been included in the "For" total.
2. A "Vote Withheld" is not a vote in law and is not counted in the proportion of votes "For" and "Against" a resolution.
3. Entitlement to attend and vote at the 2020 AGM, and the number of votes which may be cast at the 2020 AGM, have been determined by reference to the Company's register of members at 6.30pm on 27 April 2020. Voting instructions can be changed at any time prior to a poll being demanded, and a shareholder having lodged a proxy is still entitled to attend the meeting and vote their shares themselves as they see fit.
- ends -
Enquiries
|
Angus Iveson Company Secretary
|
Spirent Communications plc |
+44 (0)1293 767676 |
About Spirent Communications plc
Spirent Communications plc (LSE: SPT) offers test, measurement, analytics and assurance solutions for next-generation devices and networks. Spirent provides products, services and information solutions for high-speed Ethernet, positioning mobile network infrastructure markets, with expanding focus on service assurance, cybersecurity and 5G. Spirent is accelerating the transition of connected devices, network equipment and applications from development labs to the operational network, as it continues to innovate toward fully-automated testing and autonomous service assurance solutions. Further information about Spirent Communications plc can be found at https://corporate.spirent.com/.
Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT; LEI: 213800HKCUNWP1916L38). The Company operates a Level 1 American Depositary Receipt (ADR) programme with each ADR representing four Spirent Communications plc Ordinary Shares. The ADRs trade in the US over-the-counter (OTC) market under the symbol SPMYY and the CUSIP number is 84856M209. Spirent ADRs are quoted on the Pink OTC Markets electronic quotation service which can be found at http://www.otcmarkets.com/marketplaces/otc-pink.
Spirent and the Spirent logo are trademarks or registered trademarks of Spirent Communications plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved.
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.
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