Result of Meeting

RNS Number : 4194J

Tate & Lyle PLC

26 April 2022

 

26 April 2022

Tate & Lyle PLC

("Tate & Lyle")

Result of General Meeting

Further to the circular to shareholders published on 7 April 2022 (the "Circular"), Tate & Lyle is pleased to announce that the resolutions proposed at the general meeting held earlier today (the "General Meeting") seeking approval of the proposed Special Dividend and associated Share Consolidation, and to renew the annual authorities to enable Tate & Lyle to make market purchases of its own shares, as well as to allot New Ordinary Shares and to disapply pre-emption rights, to cover the period between the date of the General Meeting and the 2022 AGM, were duly passed by shareholders.

Resolutions 1 to 3 were passed as ordinary resolutions. Resolutions 4 to 6 were passed as special resolutions. Full details of the poll results are set out below.

Resolution	Total For(1)		Total Against		Votes withheld(2)
	No. of votes	% of votes cast	No. of votes	% of vote cast	No. of votes
1. Approval of the Special Dividend	344,661,398	99.94	194,021	0.06	12,529
2. Approval of the Share Consolidation	345,193,931	99.92	289,555	0.08	25,313
3. Authority to allot shares	325,593,741	94.25	19,874,111	5.75	40,947
4. Authority to disapply pre-emption rights(3)	334,410,903	96.82	10,975,752	3.18	122,144
5. Authority to disapply pre-emption rights for an acquisition or specified capital investment(3)	324,494,371	93.95	20,896,766	6.05	117,662
6. Authority to purchase its own shares(3)	344,961,294	99.93	232,673	0.07	314,832

⁽¹⁾ Includes discretionary votes.

⁽²⁾ A 'vote withheld' is not a vote in law and is therefore not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

⁽³⁾   Proposed and passed as special resolutions.

Full text of the resolutions is set out in the notice of general meeting which forms part of the Circular. Capitalised terms used but not otherwise defined in this announcement have the same meaning given to them in the Circular.

Holders of ordinary shares and holders of preference shares were entitled to attend the General Meeting. Holders of ordinary shares were entitled to vote on all resolutions and holders of preference shares were entitled to vote on Resolutions 2 to 6.

As at 6.30 p.m. (London time) on 22 April 2022 (being the time at which shareholders who wanted to attend, speak and vote at the General Meeting were required to have their details entered in the Tate & Lyle register of members), there were 468,537,773 ordinary shares in issue and 2,394,000 preference shares in issue. Each ordinary share carries the right to one vote per share. The preference shares carry limited voting rights. Tate & Lyle does not hold any shares in treasury.

In accordance with Listing Rule 9.6.2, copies of the resolutions passed at the General Meeting will shortly be available to view via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

A copy of this announcement, including results of the poll, will also be displayed shortly on Tate & Lyle's website at www.tateandlyle.com.

For more information contact:

For Tate & Lyle PLC

Investors and analysts

Christopher Marsh, VP Investor Relations

Tel: Mobile: [phone]

Media

Nick Hasell, FTI Consulting

Tel: Mobile: [phone]

Information on Tate & Lyle

Tate & Lyle is a leading global provider of food and beverage ingredients and solutions. Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, mouthfeel and fibre fortification, we develop solutions which reduce sugar, calories and fat, add fibre, and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings.

We have more than 3,000 employees working in around 60 locations across 30 countries. Tate & Lyle's purpose is Transforming Lives Through the Science of Food and through our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year ended 31 March 2021, Tate & Lyle's revenue from continuing operations totaled £1.2 billion.  For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on Twitter or LinkedIn.

Tate & Lyle's Legal Entity Identifier is 2138008K14474WPKZ244

 

END

 

 

ROMBKABPQBKDNQB