17 May 2017
Bodycote plc - Resolutions passed at the Annual General Meeting
Bodycote plc announces that all resolutions proposed at its Annual General Meeting held at 12 pm on 17 May 2017 were passed on a show of hands.
Details of proxy voting instructions, lodged prior to the Meeting are set out below:
Resolution |
For (number of votes) |
Discretion (number of votes) |
Against (number of votes) |
Abstention (number of votes) |
Ordinary Resolutions |
|
|
|
|
1.To receive the annual report |
162,515,049 |
47,338 |
1,110,879 |
460,844 |
Re-election of directors |
|
|
|
|
2. To declare a final dividend |
164,086,772 |
47,338 |
0 |
0 |
3. To re-elect Mr. A.M. Thomson |
143,205,611 |
47,474 |
13,245,185 |
7,635,838 |
4. To re-elect Mr. S.C. Harris |
163,310,787 |
47,474 |
775,546 |
303 |
5. To re-elect Ms E. Lindqvist |
77,569,432 |
47,474 |
64,113,879 |
22,398,107 |
6. To re-elect Mr. I.B. Duncan |
163,312,603 |
47,474 |
773,280 |
753 |
7. To elect Mr. D. Yates |
163,707,700 |
47,474 |
378,633 |
303 |
8. To elect Mr. P. Larmon |
163,194,361 |
47,474 |
891,972 |
303 |
9. to reappoint the auditors |
159,463,497 |
47,338 |
4,622,964 |
310 |
10. to authorise the directors to fix auditor's remuneration |
164,080,929 |
51,100 |
1,771 |
310 |
11. To approve the report on remuneration |
155,873,005 |
59,306 |
6,167,431 |
2,034,367 |
12. To renew authority to allot shares |
159,069,818 |
52,542 |
5,006,775 |
4,975 |
Special resolutions |
|
|
|
|
13. to renew authority for disapplication of pre- emption rights in respect of 5% of issued share capital |
164,065,608 |
52,619 |
9,172 |
6,711 |
14. to renew authority for disapplication of pre- Emption rights for an additional 5% of issued share capital |
156,488,541 |
51,135 |
7,587,722 |
6,711 |
15. to renew authority to buy own shares |
160,288,215 |
51,100 |
3,794,467 |
327 |
16. to authorise general meetings 14 days' notice |
161,091,155 |
52,836 |
2,989,791 |
327 |
17. to approve the articles of association |
164,079,056 |
52,415 |
0 |
2,639 |
The number of ordinary shares in issue on 17 May 2017 was 191,456,172. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
All resolutions presented to shareholders at today's Annual General Meeting were passed with a majority of votes. However, the Board recognises that there was a minority of votes opposing resolution 5.
While the Board is pleased that resolution 5 has received shareholder approval, it also acknowledges the views of the shareholders who voted against the re-election of Eva Lindqvist. We have consulted with a number of shareholders and proxy advisors before the Annual General Meeting to discuss the issues raised. As a result, Eva Lindqvist has confirmed her intention to reduce her number of directorships with listed companies.
The Board would like to reassure shareholders that it takes seriously its responsibilities to engage with them and take their views into account.
A copy of the Resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility, which is situated at http://www.hemscott.com/nsm.
U. Ball, Group Company Secretary, Bodycote plc
Tel: +44 (0)1625 505300
LEI 213800V93QFW53NB7Y29