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Kingspan Group PLC (KGP)

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Friday 30 April, 2021

Kingspan Group PLC

Result of AGM

RNS Number : 2796X
Kingspan Group PLC
30 April 2021
 

Kingspan Group plc

AGM results

30 April 2021

 

Shareholders of Kingspan Group plc ("the Company") are informed that following the Annual General Meeting held today, the results of the poll vote for each resolution are as follows:

 

RESOLUTION

VOTES FOR

VOTES AGAINST

TOTAL VOTES

 

VOTES WITHHELD

NUMBER

%

NUMBER

%

NUMBER

% OF TOTAL
VOTING
RIGHTS

 

01, TO ADOPT THE FINANCIAL STATEMENTS.

90,029,400

99.87

119,733

0.13

90,149,133

49.60%

 

183,958

02, DECLARE A FINAL DIVIDEND.

90,061,591

99.70

271,500

0.30

90,333,091

49.70%

 

0

03A, RE-ELECT GENE M. MURTAGH.

70,560,920

89.41

8,358,375

10.59

78,919,295

43.42%

 

11,413,796

03B, RE-ELECT GEOFF DOHERTY.

85,464,247

94.87

4,619,871

5.13

90,084,118

49.57%

 

245,361

03C, RE-ELECT RUSSELL SHIELS.

85,433,407

94.85

4,638,243

5.15

90,071,650

49.56%

 

261,441

03D, RE-ELECT GILBERT McCARTHY.

84,690,063

94.69

4,752,695

5.31

89,442,758

49.21%

 

890,333

03E, RE-ELECT LINDA HICKEY.

86,498,873

96.60

3,046,107

3.40

89,544,980

49.27%

 

788,111

03F, RE-ELECT MICHAEL CAWLEY.

71,058,585

78.68

19,251,430

21.32

90,310,015

49.69%

 

23,076

03G, RE-ELECT JOHN CRONIN.

87,314,035

96.68

2,995,980

3.32

90,310,015

49.69%

 

23,076

03H, RE-ELECT JOST MASSENBERG.

85,185,608

94.33

5,124,407

5.67

90,310,015

49.69%

 

23,076

03I, RE-ELECT ANNE HERATY.

89,360,671

98.95

949,844

1.05

90,310,515

49.69%

 

22,576

04, REMUNERATION OF AUDITORS.

90,280,738

99.94

50,853

0.06

90,331,591

49.70%

 

1,500

05, RECEIVE REPORT ON REMUNERATION COMMITTEE.

55,351,412

63.23

32,183,875

36.77

87,535,287

48.16%

 

2,797,804

06, INCREASE THE LIMIT FOR NON-EXECUTIVE DIRECTORS' FEES.

88,888,301

98.43

1,417,714

1.57

90,306,015

49.69%

 

27,076

07, DIRECTORS TO ALLOT SECURITIES.

89,154,662

98.70

1,176,929

1.30

90,331,591

49.70%

 

1,500

08, DIS-APPLICATION OF PRE-EMPTION RIGHTS.

86,693,037

95.98

3,630,942

4.02

90,323,979

49.70%

 

5,500

09, ADDITIONAL 5% DIS-APPLICATION OF
PRE-EMPTION RIGHTS.

89,807,900

99.42

520,079

0.58

90,327,979

49.70%

 

1,500

10, PURCHASE OF COMPANY SHARES.

89,778,385

99.44

501,806

0.56

90,280,191

49.67%

 

52,900

11, RE-ISSUE OF TREASURY SHARES.

89,979,194

99.61

353,397

0.39

90,332,591

49.70%

 

500

12, APPROVE EGM ON 14 DAYS' NOTICE.

84,416,001

93.45

5,917,090

6.55

90,333,091

49.70%

 

0

 

Although supported by a majority of shareholders in each case, the Board notes that Resolution 3(f) and Resolution 5, were opposed by more than 20% of voting shareholders. In advance of the 2021 AGM, the Company engaged extensively with shareholders to develop an understanding of their views on the resolutions being proposed. In the coming months, the Board will continue to consult with major shareholders on these matters.

 

Notes to AGM figures:

1

The percentage of votes "For" and "Against" each resolution are expressed as a percentage of the total votes cast "For" and "Against" the resolution (together the "Total Votes").  A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.

 

 

2

The "% of Total Voting Rights" column shows the percentage that the Total Votes on that resolution represent of the total number of voting rights attached to shares in issue at the date of the AGM. The total number of voting rights attached to shares in issue at the date of the AGM was 181,742,947.

 

 

3

The full terms of all resolutions were set out in the Notice to shareholders dated 22 March 2021 and made available on the Company's website www.kingspan.com/agm2021.

 

 

4

Resolutions 5, 6, 7, 8, 9, 10, 11 and 12 were passed as items of special business.  In accordance with the Listing Rules, copies of the resolutions passed at the AGM have been submitted to Euronext Dublin and to the UK National Storage Mechanism where they will shortly be available for inspection.

 

Lorcan Dowd

Group Company Secretary

 

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