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Halma PLC

Result of AGM

Source: RNS
RNS Number : 1804G
Halma PLC
22 July 2021
 

Halma plc

Results of Annual General Meeting 2021

 

At the Annual General Meeting (AGM) of Halma plc held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed. Resolutions 1 to 17 were passed as ordinary resolutions and resolutions 18 to 21 were passed as special resolutions. The results of the poll are set out below.

 

Resolution 

Votes
For*

%

Votes
Against

%

Votes
Total

%  Voted

Votes
Withheld**

1

Annual Report and Accounts

301,042,146

100.00

37

0.00

301,042,183

79.30%

175,256

2

Declaration of final dividend

300,526,090

99.78

673,428

0.22

301,199,518

79.34%

24,421

3

Remuneration Report

278,654,743

92.88

21,366,458

7.12

300,021,201

79.03%

1,202,738

4

Remuneration Policy

176,723,996

60.18

116,952,309

39.82

293,676,305

77.36%

7,547,634

5

Election of
Dame Louise Makin

300,703,831

99.86

420,659

0.14

301,124,490

79.32%

99,449

6

Election of
Dharmash Mistry

301,063,746

99.98

52,900

0.02

301,116,646

79.32%

107,293

7

Re-election of
Carole Cran

267,765,435

88.91

33,401,341

11.09

301,166,776

79.33%

57,163

8

Re-election of
Jo Harlow

263,310,946

87.43

37,855,546

12.57

301,166,492

79.33%

57,447

9

Re-election of
Tony Rice

251,678,500

83.57

49,486,733

16.43

301,165,233

79.33%

58,706

10

Re-election of
Marc Ronchetti

300,574,717

99.80

588,670

0.20

301,163,387

79.33%

60,552

11

Re-election of
Roy Twite

267,620,064

88.88

33,480,216

11.12

301,100,280

79.31%

123,659

12

Re-election of Jennifer Ward

300,697,769

99.85

459,253

0.15

301,157,022

79.33%

66,917

13

Re-election of
Andrew Williams

284,155,649

94.35

17,011,231

5.65

301,166,880

79.33%

57,059

14

Re-appointment of Auditor

299,530,803

99.47

1,592,144

0.53

301,122,947

79.32%

100,992

15

Remuneration of Auditor

300,681,877

99.85

444,021

0.15

301,125,898

79.32%

98,041

16

Authority to allot shares

294,564,439

97.81

6,590,482

2.19

301,154,921

79.33%

69,017

17

Authority to make political donations

292,781,368

97.23

8,343,991

2.77

301,125,359

79.32%

98,280

18

Disapplication of pre-emption rights

298,466,323

99.11

2,685,981

0.89

301,152,304

79.32%

71,435

19

Additional disapplication of pre-emption rights

292,226,899

97.04

8,925,505

2.96

301,152,404

79.32%

71,535

20

Authority to purchase own shares

295,479,918

98.44

4,688,007

1.56

300,167,925

79.07%

1,056,014

21

Notice of general meetings

278,838,624

92.59

22,330,739

7.41

301,169,363

79.33%

54,576

 

* Includes discretionary votes.

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

During 2020/21, the Remuneration Committee consulted extensively with Halma's largest shareholders, proxy advisors and shareholder representative organisations on the proposed Directors' Remuneration Report (Resolution 3) and the proposed Directors' Remuneration Policy (Resolution 4).

 

The Board was pleased to note that 92.88% of shareholders voted in support of the proposed Directors' Remuneration Report. Accordingly, the fiscal year 2022 salary change noted in the report will be implemented by the Remuneration Committee with effect from 1 June 2021.   

 

The Board was also pleased to note that 60.18% of shareholders voted in support of the proposed Directors' Remuneration Policy, the first substantial change for six years. Accordingly, the Policy will take effect for three years from fiscal year 2022 and will be implemented by the Remuneration Committee.

 

The Board acknowledges that some shareholders did not support the Policy, in part due to the impact of concurrent increases in Executive Director salaries, the potential Bonus maximum award and the potential Long Term Incentive Plan (LTIP) maximum award, with 39.82% of shareholders voting against Resolution 4.

 

The Board will engage with shareholders in relation to these matters in the coming months. As part of this consultation, the Board will seek to fully understand the reasons behind these votes against and will provide an update in accordance with the UK Corporate Governance Code within six months of the Annual General Meeting.

 

A copy of the resolutions passed at the AGM other than resolutions concerning ordinary business will shortly be available for inspection via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

For further information, please contact:




Mark Jenkins

Company Secretary, Halma plc

Tel: +44 (0)1494 721111


 

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner and healthier future for people worldwide. Our innovative products and solutions address many of the key issues facing the world today. We operate in three sectors: Safety, Medical and Environmental & Analysis. We employ over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia-Pacific. We target global niche markets where sustainable growth and high returns are supported by long-term drivers. Halma is listed on the London Stock Exchange and has been a member of the FTSE 100 index since December 2017.

 

 

 

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