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	[phone]
Virginia Skroski, Investor Relations Manager	[phone]

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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