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Low & Bonar PLC (LWB)

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Friday 05 April, 2019

Low & Bonar PLC

Result of AGM

RNS Number : 3395V
Low & Bonar PLC
05 April 2019
 

 

LEI213800CALFKOEL7N7P10

 

 

Low & Bonar PLC

 

Results of 2019 Annual General Meeting


The Annual General Meeting of Low & Bonar PLC was held on Friday 05 April 2019 at 11:00am. Voting took place by way of a poll. Resolutions 1-16 were passed whilst resolution 17 was not passed. 

 

Daniel Dayan, Chairman, said:

 

"The Board is very pleased with the support for 16 of the 17 resolutions put to today's AGM.  We note the significant vote against the shortening of the notice period for calling general meetings to 14 days, which was opposed by a small number of shareholders. Discussions with shareholders will continue, including matters arising from voting at the Annual General Meeting. The Company continues to maintain that having the flexibility to call general meetings on short notice is, in certain circumstances, of benefit to shareholders."

 

The number of votes 'for' and 'against' each of the resolutions put before the Annual General Meeting and the number of votes 'withheld' were as follows:

 


For

Against

Total Votes

Withheld


No. of Votes

%

No. of Votes

%

No. of Votes

% of ISC voted

No. of Votes

1

To receive the Annual Report and Accounts

569,009,242

99.97

145,464

0.03

569,154,706

82.52%

2,350

2

To approve the Directors' Remuneration Report

548,860,004

96.45

20,194,661

3.55

569,054,665

82.50%

102,391

3

To declare a final dividend of 0.37p per ordinary share

569,127,123

100.00

22,539

0.00

569,149,662

82.51%

7,395

4

To elect Daniel Dayan

568,106,114

99.86

812,533

0.14

568,918,647

82.48%

238,409

5

To elect Ian Ashton

567,778,676

99.77

1,280,998

0.23

569,059,674

82.50%

97,383

6

To re-elect Philip de Klerk

562,518,826

98.85

6,558,048

1.15

569,076,874

82.50%

80,183

7

To re-elect Trudy Schoolenberg

563,305,863

98.98

5,811,296

1.02

569,117,159

82.51%

39,898

8

To re-elect Peter Bertram

559,567,374

98.33

9,493,337

1.67

569,060,711

82.50%

96,345

9

To re-elect Kevin Matthews

562,180,049

98.79

6,886,824

1.21

569,066,873

82.50%

80,183

10

To re-elect Mike Powell

568,691,422

99.93

370,451

0.07

569,061,873

82.50%

95,183

11

To appoint Ernst & Young LLP as auditor of the Company

567,999,602

99.81

1,077,192

0.19

569,076,794

82.50%

80,263

12

To authorise the Directors to determine the auditor's remuneration

568,897,493

99.96

200,990

0.04

569,098,483

82.51%

58,574

13

To authorise the Directors to allot relevant securities

568,882,839

99.97

196,165

0.03

569,079,004

82.50%

78,053

14*

To authorise the directors to allot equity securities for cash without making a pre-      emptive offer to shareholders

568,780,704

99.95

297,925

0.05

569,078,629

82.50%

78,428

15*

To authorise the directors to allot equity securities for cash in relation to an     acquisition or other capital investment

568,729,445

99.94

334,462

0.06

569,063,907

82.50%

93,149

16*

To authorise the Company to make market purchases of its ordinary shares

568,722,098

99.93

395,366

0.07

569,117,464

82.51%

39,592

17*

To allow general meetings (other than AGMs) to be called on 14 clear days' notice

422,232,353

74.19

146,867,286

25.81

569,099,639

82.51%

57,418

 

* Special resolution requiring a 75% majority.

Notes:

1.   The 'For' vote includes those giving the Chairman discretion.

2.   Votes 'Withheld' are not counted in the calculation of the proportion of votes 'for' or 'against' a resolution.

3.   The total number of Ordinary Shares in issue on 05 April 2019 was 689,756,295.

4.   Copies of the resolutions passed, other than resolutions concerning ordinary business, will be submitted to the UK Listing Authority via the National Storage Mechanism and will be available in due course for inspection at http://www.morningstar.co.uk/uk/NSM 

Unless otherwise defined herein, terms used in this announcement shall have the meaning given to them in the Notice of AGM dated 21 February 2019.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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