Result of AGM

RNS Number : 3574M

Diploma PLC

20 January 2021

 

DIPLOMA   PLC

    12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: [phone]

FACSIMILE: [phone]

FOR IMMEDIATE RELEASE

20 JANUARY 2021

RESULT OF ANNUAL GENERAL MEETING ("AGM")

All of the resolutions put to shareholders at the AGM of Diploma PLC ("Diploma" or the "Company"") held today, were passed by poll votes. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The results of the AGM have now been published on the Company's website at https://www.diplomaplc.com/investors/agm/

As advised in the circular distributed to shareholders, Charles Packshaw, a non-executive Director of the Company, did not stand for re-election at the AGM and retired from the Board of Directors following the conclusion of the AGM.

The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below (rounded to 2 decimal places).

Summary of Votes Cast

Resolution	Description	For	%	Against	%		Withheld
1	REPORT AND ACCOUNT	102,483,612	99.61	403,596	0.39		381,384
2	FINAL DIVIDEND OF 30P	103,257,297	100.00	128	0.00		11,168
3	RE-ELECT JE NICHOLAS	94,832,637	92.15	8,074,262	7.85		361,693
4	RE-ELECT JD THOMSON	102,692,270	99.46	562,505	0.54		13,818
5	ELECT B GIBBES	102,368,032	99.14	886,743	0.86		13,818
6	RE-ELECT AP SMITH	92,957,425	90.46	9,799,358	9.54		511,809
7	RE-ELECT A THORBURN	96,524,568	93.75	6,432,590	6.25		311,435
8	ELECT G HUSE	102,482,460	99.25	772,315	0.75		13,818
9	RE-APPOINT AUDITOR	103,251,691	100.00	3,142	0.00		13,760
10	REMUNERATION OF AUDITORS	103,251,841	100.00	2,992	0.00		13,760
11	REMUNERATION REPORT	55,418,505	54.33	46,588,460	45.67		1,261,627
12	AUTHORITY TO ALLOT SHARES	89,089,451	86.81	13,533,381	13.19		645,761
13 (SR)	DISAPPLICATION OF PRE-EMPTION RIGHTS	103,236,855	99.99	12,680	0.01		19,058
14 (SR)	FURTHER DISAPPLICATION OF PRE-EMPTION RIGHTS	102,981,961	99.74	268,454	0.26		18,177
15 (SR)	AUTHORITY TO MAKE MARKET PURCHASES OF ORDINARY SHARES	102,882,512	99.79	219,298	0.21		166,782
16 (SR)	AMENDMENT OF ARTICLES OF ASSOCIATION OF THE COMPANY	103,238,931	100.00	4,176	0.00		25,486
17(SR)	SHORTER NOTICE PERIOD FOR GENERAL MEETINGS	98,526,037	95.42	4,728,900	4.58		13,656

The Board acknowledge the concerns that some shareholders have expressed in respect of Resolution 11 (the advisory resolution on the Remuneration Report). The Remuneration Committee will continue to engage with shareholders to fully understand their concerns and will consider the full range of feedback. Diploma will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the AGM.

Notes:

1.  A total of 103,257,425 votes were validly cast.

2.  The Company's Issued Share Capital ("ISC") is 124,563,515 ordinary shares of 5p each and the proportion of the ISC represented by those votes validly cast is 82.90 %.

3.  A vote withheld is not a vote in law and is not counted.

4.  In accordance with Listing Rule 9.6.1, a copy of the resolutions, other than those concerning ordinary business has been submitted to the National Storage Mechanism and will shortly be available for inspection at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

J Morrison

Group Company Secretary

Diploma PLC

For further information, please contact:

Diploma PLC -	[phone]
John Morrison, Group Company Secretary

LEI:2138008OGI7VYG8FGR19

 

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