Results of AGM and Directorate Change

RNS Number : 1539M

TT Electronics PLC

06 May 2020

 

6 May 2020

TT Electronics plc

("the Company")

Annual General Meeting Results & Directorate Change

The Company announces that Neil Carson stepped down as a director of the Company from the close of the Company's Annual General Meeting (AGM) held on 6 May 2020. Neil's intention to step down was previously announced in December 2019. Warren Tucker was appointed as a director of the Company on 2 April 2020 and became Chairman of the Board at the close of the AGM, following the announcement made on 3 April 2020.

The Company is also pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 10.00 am on 6 May 2020 were duly passed.

A poll was conducted on resolutions 1- 21, with the exception of resolutions 4 and 6 which were withdrawn. The results of the poll were as follows.

RESOLUTION	VOTES FOR (including discretionary)		VOTES AGAINST		% of issued share capital voted	VOTES WITHHELD**
	NUMBER	%	NUMBER	%
1.  Receive Annual report and accounts	132,121,907	99.96%	50,244	0.04%	80.56%	15,175
2.  Remuneration report	124,542,291	97.28%	3,486,914	2.72%	78.03%	4,158,121
3.  Remuneration Policy	109,271,441	91.89%	9,642,007	8.11%	72.48%	13,273,878
4.  Resolution withdrawn*
5.  Elect Anne Thorburn	132,109,998	99.97%	42,089	0.03%	80.55%	35,240
6.  Resolution withdrawn*
7.  Re-elect Richard Tyson	132,113,148	99.97%	40,858	0.03%	80.55%	33,321
8.  Re-elect Mark Hoad	131,978,071	99.87%	175,935	0.13%	80.55%	33,321
9.  Re-elect Stephen King	132,119,998	99.97%	39,029	0.03%	80.55%	28,300
10.  Re-elect Jack Boyer	132,119,777	99.97%	40,300	0.03%	80.55%	27,250
11.  Re-elect Alison Wood	128,045,977	99.96%	46,984	0.04%	78.07%	4,094,366
12.  Appoint Deloitte LLP as Auditor	132,120,308	99.95%	59,714	0.05%	80.56%	7,305
13.  Auditors' remuneration	132,123,296	99.97%	36,943	0.03%	80.55%	27,088
14.  Authority to allot shares	126,230,228	95.52%	5,922,011	4.48%	80.55%	35,088
15.  Approve Deferred Share Bonus Plan	128,653,985	97.36%	3,486,314	2.64%	80.54%	47,027
16.  Approve Sharesave Scheme	132,059,592	99.95%	64,163	0.05%	80.53%	63,572
17.  Approve USA Employee Stock Purchase Plan	131,950,475	99.95%	72,418	0.05%	80.47%	164,434
18.  Authority to disapply pre-emption rights (1)***	131,845,308	99.85%	196,586	0.15%	80.48%	145,433
19.  Authority to disapply pre-emption rights (2)***	128,480,880	97.29%	3,574,913	2.71%	80.49%	131,533
20.  Purchase of own shares***	128,565,632	97.34%	3,506,551	2.66%	80.50%	115,143
21.  Notice of general meetings***	131,252,055	99.32%	893,597	0.68%	80.54%	41,675

* Resolution 4 (to pay a final dividend) and Resolution 6 (to re-elect Neil Carson as a director) were withdrawn and so were not put to the meeting.

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

*** Special resolution.

An additional ordinary resolution was put to the meeting as Resolution 22, to elect Warren Tucker as a director. This resolution was passed on a show of hands. Warren joined the Board on 2 April 2020, after the Notice of Annual General Meeting had been posted to shareholders. Warren will stand for re-election by shareholders at the 2021 Annual General Meeting.

In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

L D Boardman

Group Company Secretary

 

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