Result of AGM

RNS Number : 2328U

Renishaw PLC

20 October 2017

 

Renishaw plc

Results of AGM 2017

All resolutions proposed at the Annual General Meeting held on 20 October 2017 were duly passed on a poll. Resolutions 1 to 15 were passed as ordinary resolutions and resolution 16 was passed as a special resolution. The result of the poll is as follows:

Resolution	Votes For	%	Votes Against	%	Votes Total	% of ISC1 Voted	Votes Withheld2
1.     Receive the reports of directors and financial statements	61,329,899	99.33	415,659	0.67	61,745,558	84.83%	998,946
2.     Approve the remuneration policy	60,902,216	98.94	654,533	1.06	61,556,749	84.57%	1,187,755
3.     Approve the remuneration report	61,697,021	99.60	250,317	0.40	61,947,338	85.11%	797,166
4.     Declare the final dividend	62,744,504	100.00	0	0.00	62,744,504	86.20%	0
5.     Re-elect David McMurtry as a director	47,660,505	78.87	12,769,416	21.13	60,429,921	83.02%	2,314,583
6.     Re-elect John Deer as a director	48,572,455	80.38	11,852,817	19.62	60,425,272	83.01%	2,319,232
7.     Re-elect Allen Roberts as a director	61,124,703	97.43	1,611,312	2.57	62,736,015	86.19%	8,489
8.     Re-elect Geoff McFarland as a director	61,133,351	97.44	1,603,164	2.56	62,736,515	86.19%	7,989
9.     Re-elect Will Lee as a director	61,133,351	97.44	1,603,164	2.56	62,736,515	86.19%	7,989
10.   Re-elect David Grant as a director	61,620,993	98.22	1,115,522	1.78	62,736,515	86.19%	7,989
11.   Re-elect Carol Chesney as a director	61,294,909	97.70	1,441,606	2.30	62,736,515	86.19%	7,989
12.   Re-elect John Jeans as a director	61,632,328	98.24	1,104,187	1.76	62,736,515	86.19%	7,989
13.   Re-elect Kath Durrant as a director	61,678,315	98.31	1,058,200	1.69	62,736,515	86.19%	7,989
14.   Re-appoint Ernst & Young LLP as auditors	62,734,438	99.99	6,883	0.01	62,741,321	86.20%	3,183
15.   Authorise the audit committee to determine the auditors' remuneration	62,737,369	99.99	4,228	0.01	62,741,597	86.20%	2,907
16.   Authorise the Company to purchase its own shares	62,067,919	98.92	676,585	1.08	62,744,504	86.20%	0

¹ Issued Share Capital

² A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

Votes of independent shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors
10.   Re-elect David Grant as a director	23,011,484	95.38	1,115,522	4.62	24,127,006	70.59%	7,989
11.   Re-elect Carol Chesney as a director	22,685,400	94.02	1,441,606	5.98	24,127,006	70.59%	7,989
12.   Re-elect John Jeans as a director	23,022,819	95.42	1,104,187	4.58	24,127,006	70.59%	7,989
13.   Re-elect Kath Durrant as a director	23,068,806	95.61	1,058,200	4.39	24,127,006	70.59%	7,989

In accordance with Listing Rule 9.2.2E, Resolutions 10 to 13 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

Special Resolution

In accordance with Listing Rule 9.6.2R, a copy of the following special resolution which was passed at the Annual General Meeting held on 20 October 2017 has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM.

THAT, the Company be and is hereby unconditionally authorised for the purposes of section 701 of the Companies Act 2006 (the "2006 Act") to make one or more market purchases (within the meaning of section 693(4) of the 2006 Act) of ordinary shares of 20p each in the capital of the Company ("ordinary shares") provided that:

(i)         the maximum number of ordinary shares hereby authorised to be purchased is 7,278,854;

(ii)         the maximum price that may be paid for an ordinary share is an amount equal to the higher of: (i) 105% of the average of the middle market quotations for an ordinary share (as derived from the London Stock Exchange Daily Official List) for the five business days immediately preceding the day on which the ordinary share is purchased; and (ii) an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share on the trading venues where the purchase is carried out;

(iii)        the minimum price which may be paid for an ordinary share shall be 20p;

(iv)        the authority hereby conferred shall expire at the earlier of the conclusion of the annual general meeting to be held in 2018 and 31st December 2018 unless such authority is renewed prior to such time; and

(v)         the Company may make a contract to purchase ordinary shares under the authority hereby conferred prior to the expiry of such authority which contract will or may be executed wholly or partly after the expiration of such authority and may make a purchase of ordinary shares pursuant to such contract.

Renishaw plc

20 October 2017

Registered office:	New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR
Registered number:	1106260
LEI:	21380048ADXM6Z67CT18
Contact name:	Allen Roberts
Contact telephone:	01453 524445

www.renishaw.com

 

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