National Storage Mechanism | Additional information
RNS Number : 6395A
Renishaw PLC
30 September 2020
 

Renishaw plc (the "Company")

 

Results of Annual General Meeting 2020

 

All resolutions proposed at the Annual General Meeting ("AGM") held on 30 September 2020 were duly passed on a poll. Resolutions 1 to 14 were passed as ordinary resolutions and resolution 15 was passed as a special resolution. The result of the poll is as follows:

 

Resolution

Votes For

%

Votes Against

%

Votes Total

% of ISC1 Voted Excl Withheld

Votes Withheld2

1.     Receive the reports of directors and financial statements

62,891,203

97.97%

1,304,416

2.03%

64,195,619

88.19%

789,455

2.     Approve the remuneration policy

59,462,931

92.78%

4,627,677

7.22%

64,090,608

88.05%

894,466

3.     Approve the remuneration report

63,588,672

97.87%

1,382,462

2.13%

64,971,134

89.26%

13,940

4.     Increase the maximum fees that may be paid to directors

64,757,638

99.70%

195,381

0.30%

64,953,019

89.24%

32,056

5.     Re-elect David McMurtry as a director

48,369,245

75.02%

16,108,356

24.98%

64,477,601

88.58%

507,474

6.     Re-elect John Deer as a director

48,836,597

75.68%

15,690,503

24.32%

64,527,100

88.65%

457,974

7.     Re-elect Will Lee as a director

64,668,224

99.60%

258,593

0.40%

64,926,817

89.20%

58,258

8.     Re-elect Allen Roberts as a director

64,439,420

99.34%

426,405

0.66%

64,865,825

89.12%

58,258

9.     Re-elect Carol Chesney as a director

63,151,639

97.27%

1,775,755

2.73%

64,927,394

89.20%

57,681

10.   Re-elect Catherine Glickman as a director

60,953,034

95.18%

3,088,454

4.82%

64,041,488

87.98%

943,586

11.   Re-elect David Grant as a director

62,461,782

97.53%

1,581,142

2.47%

64,042,924

87.98%

942,151

12.   Re-elect John Jeans as a director

63,346,534

97.57%

1,579,783

2.43%

64,926,317

89.20%

58,758

13.   Re-appoint Ernst & Young LLP as auditors

64,920,028

99.98%

15,410

0.02%

64,935,438

89.21%

49,637

14.   Authorise the audit committee to determine the auditors' remuneration

64,974,436

99.99%

8,270

0.01%

64,982,706

89.28%

2,369

15.   Authorise the Company to purchase its own shares3

64,635,360

99.47%

343,928

0.53%

64,979,288

89.27%

5,786

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.

3 Special resolution requiring 75% majority.

 

Votes of independent shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors

9.     Re-elect Carol Chesney as a director

24,698,380

93.29%

1,775,755

6.71%

26,474,135

77.10%

57,681

10.   Re-elect Catherine Glickman as a director

22,499,775

87.93%

3,088,454

12.07%

25,588,229

74.52%

943,586

11.   Re-elect David Grant as a director

24,008,523

93.82%

1,581,142

6.18%

25,589,665

74.53%

942,151

12.   Re-elect John Jeans as a director

24,893,275

94.03%

1,579,783

5.97%

26,473,058

77.10%

58,758

 

In accordance with Listing Rule 9.2.2E, resolutions 9 to 12 inclusive were approved by: (a) the shareholders of the Company═ż and (b) the independent shareholders of the Company.

 

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 72,788,543.

 

In accordance with Listing Rule 9.6.2R, a copy of resolution 15, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

At the 2020 AGM, the Board was again pleased that the majority of resolutions were passed with a high level of support from shareholders. The Board has considered the votes against resolutions 5, the re-election of Sir David McMurtry (24.98%) and 6, the re-election of John Deer (24.32%). In order to better understand the reasons for these votes against, the Board has considered the views of shareholders and proxy voting agencies as to voting and voting recommendations respectively (where these had been made available to the Company for the 2020 AGM, including through engagement with the General Counsel and Company Secretary or through the year via the Senior Independent Director). The Board will continue to engage with shareholders to understand their views on this and any other significant matters at AGMs and the annual Investor Days, which include Q&A sessions with the Board. There are also Q&A sessions with the Executive Chairman, Chief Executive and Group Finance Director as part of the full and half-year results webcasts.

 

 

Renishaw plc

30 September 2020

 

Registered office:

New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR

Registered number:

01106260, England and Wales

LEI:

21380048ADXM6Z67CT18

Contact name:

Jacqueline Conway

Contact telephone:

01453 524524

www.renishaw.com

 

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