AGM Result and Director Retirement - Replacement

RNS Number : 1456N

Avon Rubber PLC

27 January 2016

 

27 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 announced on 14 December 2015, 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

 

END

 

 

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