Result of AGM 2018

RNS Number : 6991N
Vesuvius plc
10 May 2018
 

10 May 2018

Vesuvius plc - Result of Annual General Meeting 2018 ("AGM")

Vesuvius plc ("the Company") confirms that, at its AGM held today, each of the resolutions set out in the Notice of Meeting to Shareholders dated 27 March 2018 were passed by the Shareholders. A poll was conducted on each resolution at the meeting and the results, certified by the scrutineer Equiniti Limited, were as follows:

 

RESOLUTIONS

FOR

AGAINST

TOTAL

 

 

 

No. of votes cast1

% of votes cast

No. of votes cast

% of votes cast

No. of votes cast

% of Issued Share Capital2

Votes withheld3

1

Receipt of Annual Report and Accounts

238,450,925

99.94

142,765

0.06

238,593,690

87.97%

169,899

2

Declaration of Final Dividend

238,465,257

99.88

295,472

0.12

238,760,729

88.03%

2,861

3

Approval of Directors' Remuneration Report

234,780,528

98.65

3,204,210

1.35

237,984,738

87.75%

778,850

4

Election of Patrick André

237,128,990

99.38

1,481,601

0.62

238,610,591

87.98%

152,999

5

Re-election of Christer Gardell

235,011,519

98.50

3,588,755

1.50

238,600,274

87.97%

163,316

6

Re-election of Hock Goh

177,236,253

75.11

58,727,472

24.89

235,963,725

87.00%

2,799,864

7

Re-election of  Jane Hinkley

237,976,431

99.74

624,835

0.26

238,601,266

87.98%

162,324

8

Re-election of  Douglas Hurt

237,985,631

99.74

613,393

0.26

238,599,024

87.97%

164,566

9

Re-election of Holly Koeppel

237,974,211

99.74

623,555

0.26

238,597,766

87.97%

165,824

10

Re-election of John McDonough CBE

236,141,925

98.97

2,468,181

1.03

238,610,106

87.98%

153,483

11

Re-election of Guy Young

236,140,834

98.96

2,471,165

1.04

238,611,999

87.98%

151,591

12

Reappointment of Auditor

238,607,220

100.00

1,934

0.00

238,609,154

87.98%

154,436

13

Remuneration of Auditor

238,748,342

100.00

11,458

0.00

238,759,800

88.03%

3,790

14

Authority to incur political expenditure

234,890,021

98.44

3,716,311

1.56

238,606,332

87.98%

157,258

15

Authority to allot shares

236,373,349

99.06

2,239,758

0.94

238,613,107

87.98%

150,483

16

Special Resolution:

Authority to dis-apply pre-emption Rights

238,550,266

99.98

58,261

0.02

238,608,527

87.98%

155,063

17

Special Resolution:

Additional authority to disapply pre-emption rights only in connection with an acquisition or specified investment

236,068,201

98.87

2,689,445

1.13

238,757,646

88.03%

5,943

18

Special Resolution:

Authority to purchase own shares

236,835,112

99.42

1,371,034

0.58

238,206,146

87.83%

557,443

19

Special Resolution:

Authority to call a general meeting on 14 clear days' notice

234,147,909

98.07

4,609,547

1.93

238,757,456

88.03%

6,134

 

Notes:

1.    Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.    The total number of shares in issue is 278,485,071 of which 7,271,174 shares are held as Treasury shares. Therefore, the total number of voting rights in the Company is 271,213,897.

3.    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.

4.    All percentages are shown to two decimal places.

This information will also shortly be available to view on the Company's website at: www.vesuvius.com.

As there were no resolutions passed at the AGM other than resolutions concerning ordinary business, no copies of resolutions have been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. 

Re-election of Hock Goh

The Board notes that resolution 6, the re-election of Hock Goh, was passed with the requisite majority of votes from shareholders, but acknowledges that there were a significant number of votes opposing his re-election.  

The Board seeks to ensure that each Director has time to meet the requirements of their role.  This is regularly evaluated, and the Board remains satisfied that Hock Goh, as with all other directors, has sufficient capacity to meet his commitments to Vesuvius plc.  As set out in our AGM Notice, Hock Goh brings extensive experience of the global services industry to board discussions as well as a perspective on the Asian markets. The Board takes the views of the Company's shareholders seriously and will continue to engage with them to understand their concerns in respect of the above resolution.

For further information, please contact:

Henry Knowles, General Counsel and Company Secretary

+44 (0) 20 7822 0000

Virginia Skroski, Investor Relations Manager

+44 (0) 20 7822 0016

 

 

About Vesuvius plc

 

Vesuvius is a global leader in molten metal flow engineering principally serving the steel and foundry industries.

 

We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption.  These include flow control solutions, advanced refractories and other consumable products and - increasingly - related technical services including data capture.

 

We have a worldwide presence.  We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.

 

Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.

 

Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.

 

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com


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