Result of AGM

RNS Number : 3505T

Halma PLC

21 July 2022

 

Halma plc Results of Annual General Meeting 2022 At the Annual General Meeting (AGM) of Halma plc held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed. Resolutions 1 to 19 were passed as ordinary resolutions and resolutions 20 to 23 were passed as special resolutions. The results of the poll are set out below. Resolution  Votes For* % Votes Against % Votes Total %  Voted Votes Withheld** 1 Annual Report and Accounts   304,392,102 99.88%   350,787 0.12%   304,742,889 80.27%   1,149,094 2 Declaration of final dividend   305,503,086 99.87%   388,057 0.13%   305,891,143 80.57%   840 3 Remuneration Report   196,844,865 67.14%   96,326,858 32.86%   293,171,723 77.22%   12,719,326 4 Election of Sharmila Nebhrajani OBE   305,430,959 99.85%   451,024 0.15%   305,881,983 80.57%   6,842 5 Re-election of Dame Louise Makin   299,981,973 99.47%   1,591,385 0.53%   301,573,358 79.44%   4,315,467 6 Re-election of Andrew Williams   276,218,486 90.54%   28,850,491 9.46%   305,068,977 80.36%   819,848 7 Re-election of Marc Ronchetti   304,188,398 99.78%   661,617 0.22%   304,850,015 80.30%   1,038,810 8 Re-election of Jennifer Ward   305,216,533 99.78%   666,953 0.22%   305,883,486 80.57%   5,339 9 Re-election of Carole Cran   300,134,401 98.12%   5,750,520 1.88%   305,884,921 80.57%   3,904 10 Re-election of Jo Harlow   234,609,317 76.78%   70,938,600 23.22%   305,547,917 80.48%   340,908 11 Re-election of Dharmash Mistry   300,930,007 98.38%   4,944,714 1.62%   305,874,721 80.57%   14,104 12 Re-election of Tony Rice   300,186,771 98.14%   5,696,105 1.86%   305,882,876 80.57%   5,949 13 Re-election of Roy Twite   299,257,921 97.83%   6,626,400 2.17%   305,884,321 80.57%   4,504 14 Re-appointment of Auditor   304,687,343 99.62%   1,150,845 0.38%   305,838,188 80.56%   52,861 15 Remuneration of Auditor   305,758,893 99.98%   75,703 0.02%   305,834,596 80.56%   56,453 16 Approval of the Halma plc Executive Share Plan 2022 (the Plan)   283,659,857 92.74%   22,204,203 7.26%   305,864,060 80.57%   26,989 17 Authority to adopt any plans or sub-plans based on the Plan   284,187,432 93.16%   20,855,778 6.84%   305,043,210 80.35%   847,839 18 Authority to allot shares   302,944,858 99.04%   2,938,283 0.96%   305,883,141 80.57%   7,908 19 Authority to make political donations   299,886,868 98.06%   5,930,541 1.94%   305,817,409 80.55%   67,850 20 Disapplication of pre-emption rights   305,080,350 99.75%   766,312 0.25%   305,846,662 80.56%   44,387 21 Additional disapplication of pre-emption rights   301,317,817 98.52%   4,528,878 1.48%   305,846,695 80.56%   44,354 22 Authority to purchase own shares   303,910,408 99.45%   1,692,757 0.55%   305,603,165 80.50%   287,884 23 Notice of general meetings   284,518,550 93.01%   21,366,159 6.99%   305,884,709 80.57%   6,340 * Includes discretionary votes. ** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution. The shareholder vote to approve the Directors' Remuneration Report (Resolution 3) was passed with a majority of 67.14%. The Board was pleased that the Resolution was approved and that the vast majority of our largest shareholders voted in favour. The Board however recognises that a meaningful proportion of shareholders did not support the Resolution. The Board also notes that Resolution 10, the re-election of Jo Harlow, was supported by 76.78% of shareholders.  We understand that those shareholders that did not support this Resolution did so because of her role as Remuneration Committee Chair.  Halma has a long history of exercising restraint on executive pay and the phased changes made over the last two years are a one-time reset.  Recently, Andrew Williams has announced his retirement and current CFO Marc Ronchetti has been named CEO-Designate.  The alignment of Halma's executive pay with the market provides the Nomination Committee with the tools it needs to attract the best external talent to the CFO role as quickly as possible.  Through the 2021 and 2022 financial years and prior to the 2022 Annual General Meeting we carried out comprehensive engagement with our largest shareholders and, as a result, modified our original plans. The Board would like to thank all the shareholders that have taken part in the engagement and for the feedback provided.  We will continue to review our remuneration practices and engage with shareholders and their representative proxy bodies in the coming months.  As part of this consultation, the Board will seek to fully understand the reasons behind these votes against and will provide an update in accordance with the UK Corporate Governance Code within six months of the Annual General Meeting.  A copy of the resolutions passed at the AGM other than resolutions concerning ordinary business will shortly be available for inspection via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information, please contact: Mark Jenkins Company Secretary, Halma plc Tel: [phone] About Halma Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad market areas where it operates: · Safety - Protecting people's safety and the environment as populations grow, and enhancing worker safety · Environment - Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research · Health - Meeting the increasing demand for better healthcare as chronic illness rises, driving by growing and ageing populations and lifestyle changes. It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.

 

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