Result of AGM and Retirement of Director

RNS Number : 0486N
Avon Rubber PLC
26 January 2016
 

26 January 2016

 

Avon Rubber p.l.c.

(the 'Company')

Result of AGM and Retirement of Director

Result of AGM

Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held on the 26 January 2016, all the resolutions proposed in the Notice of Meeting were passed on a show of hands.

Full details of the proxy votes received from shareholders prior to the meeting for each resolution are set out below and will also be made available on the Company's website: www.avon-rubber.com

 

RESOLUTIONS

FOR

%

 

AGAINST

%

 

WITHHELD

1

To receive the Report and Accounts

21,120,405

99.9

58

0.01

10,447

2

To approve the Remuneration Policy

15,042,235

77.15

4,454,154

22.85

1,634,519

3

To approve the Directors' Remuneration Report

19,569,894

98.32

334,138

1.68

1,226,876

4

To declare a final dividend

21,130,910

100

0

0

0

5

To re-appoint David Evans as a Director

21,075,330

99.75

52,205

0.25

3,375

6

To re-appoint Petrus Vervaat as a Director

20,976,115

99.27

154,795

0.73

0

7

To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

20,630,301

97.78

467,608

2.22

33,000

8

To authorise the Directors to determine the auditors' remuneration

21,121,270

99.99

3,140

0.01

6,500

9

To approve amendments to the Avon Rubber p.l.c. 2010 Performance Share Plan

20,904,921

98.99

212,562

1.01

13,426

10

To approve the Avon Rubber p.l.c. 2015 Share Option Plan

20,867,858

99.71

60,028

0.29

203,022

11

To approve the Avon Rubber p.l.c. 2015 US Stock Option Plan

20,864,807

99.71

60,281

0.29

205,820

12

To authorise the Directors to allot shares

21,112,430

99.94

13,505

0.06

4,975

13

To disapply pre-emption rights

21,113,271

99.94

12,417

0.06

5,222

14

To authorise the Company to purchase its own shares

21,114,076

99.93

15,334

0.07

1,500

15

To authorise short notice general meetings

20,448,276

96.89

655,633

3.11

27,000

 

Notes

1.    Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.    A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

3.    Discretionary proxy votes lodged in favour of a third party have not been included in the 'for', 'against' or 'total' figures. 

4.    At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.

Retirement of Director

As previously reported in the 2015 Annual Report, Richard Wood retired as Director of the Company at the conclusion of the AGM.  Pim Vervaat has replaced Mr Wood as the Senior Independent Director.

Resolution No. 2

 

The Board has already engaged with a number of the shareholders who voted against resolution no. 2 to understand the reasons behind their vote. Shareholders who voted against resolution no.2 are encouraged to contact the Company Secretary to confirm their reasons for doing so. The Board will confirm its response to the issues raised in due course.

 

 

Miles Ingrey-Counter

Company Secretary

 


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