Result of AGM

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: [phone]
Ian Scapens, Group Finance Director

 

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