Result of AGM

Source: RNS
RNS Number : 0560V
Renold PLC
18 July 2018
 

Renold plc

("Renold" or the "Company") 

 

Resolutions passed at Annual General Meeting on 18 July 2018

 

Renold is pleased to announce that all resolutions proposed at its Annual General Meeting 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.

 

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

 

All resolutions put to the meeting were passed on a show of hands.

 

The following is a summary of the Forms of Proxy received up to 48 hours before the time of the Annual General Meeting by the Company's registrar:

 

Resolution

For and Discretion

%

Against

%

% of issued share capital voted

Withheld*

1.   To receive and consider the accounts and the Directors' and Auditor's report on them

153,883,925

99.98

23,176

0.02

68.28

2,813

2.   To approve the Directors' Remuneration Report

114,632,326

74.53

39,178,064

***

25.47

68.23

99,524

3.   To re-elect Mark Harper as a Director of the Company

153,835,889

99.98

38,457

0.02

68.26

35,568

4.   To re-elect Ian Griffiths as a Director of the Company

153,830,270

99.97

39,806

0.03

68.26

39,838

5.   To re-elect David Landless as a Director of the Company

153,842,889

99.98

25,269

0.02

68.26

41,756

6.   To re-appoint Deloitte LLP as auditors

152,844,244

99.98

33,923

0.02

67.82

1,031,747

7.   To authorise the Directors to determine the auditors' remuneration

153,805,067

99.99

22,934

0.01

68.24

81,913

8.   To authorise the Directors to allot shares

152,781,462

99.27

1,116,193

0.73

68.27

12,259

9.   Special resolution to disapply pre-emption rights**

152,731,518

99.27

1,117,059

0.73

68.25

61,337

10. Special resolution to further disapply pre-emption rights**

152,726,643

99.27

1,118,314

0.73

68.25

64,957

11. Special resolution to authorise the Company to make market purchases of its own ordinary shares**

153,730,133

99.89

167,781

0.11

68.27

12,000

12. Special resolution to authorise the calling of a general meeting on not less than 14 clear days' notice**

152,786,212

99.32

1,039,385

0.68

68.24

84,317

13. Special resolution to authorise political donations**

152,593,795

99.18

1,266,267

0.82

68.26

49,852

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

***    Whilst there was broad shareholder support for Resolution 2 (Approval of the Directors' Remuneration Report), the Board acknowledges the number of votes cast against.  It should be noted that the remuneration policy is due to be reviewed during this financial year, and the Board will consult with shareholders as a part of this and ahead of presenting a new policy for approval at the 2019 AGM

 

18 July 2018

 

Renold plc

Tel: 0161 498 4500

Ian Scapens, Group Finance Director




 

 


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