Source - RNS
RNS Number : 4932M
Renishaw PLC
13 October 2016
 

Renishaw plc

 

Results of AGM

 

All resolutions proposed at the Annual General Meeting held on 13 October 2016 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

Votes Withheld*

% of Issued Share Capital Voted (Including Withheld)

1.     Receive the reports of directors and financial statements

60,206,070

97.77

1,373,506

2.23

61,579,576

1,537

84.60%

2.     Approve the remuneration report

60,194,113

97.97

1,249,698

2.03

61,443,811

137,302

84.60%

3.     Declare the final dividend

61,579,363

100.00

1,750

0.00

61,581,113

0

84.60%

4.     Re-elect David McMurtry as a director

48,225,890

80.17

11,927,956

19.83

60,153,846

1,427,267

84.60%

5.     Re-elect John Deer as a director

50,122,179

83.72

9,748,125

16.28

59,870,304

1,710,809

84.60%

6.     Re-elect Allen Roberts as a director

60,624,907

98.46

949,169

1.54

61,574,076

7,037

84.60%

7.     Re-elect Geoff McFarland as a director

60,709,961

98.60

864,615

1.40

61,574,576

6,537

84.60%

8.     Re-elect David Grant as a director

60,736,361

98.65

830,700

1.35

61,567,061

14,052

84.60%

9.     Re-elect Carol Chesney as a director

60,690,983

98.58

876,078

1.42

61,567,061

14,052

84.60%

10.   Re-elect John Jeans as a director

60,736,361

98.65

830,700

1.35

61,567,061

14,052

84.60%

11.   Re-elect Kath Durrant as a director

60,748,636

98.67

818,474

1.33

61,567,110

14,003

84.60%

12.   Elect Will Lee as a director

60,711,301

98.60

863,275

1.40

61,574,576

6,537

84.60%

13.   Appoint Ernst & Young LLP as auditors

60,494,656

98.24

1,084,782

1.76

61,579,438

1,675

84.60%

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

59,652,791

96.87

1,926,723

3.13

61,579,514

1,599

84.60%

15.   Authorise the Company to purchase its own shares

60,988,572

99.04

588,714

0.96

61,577,286

3,827

84.60%

 

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

8.     Re-elect David Grant as a director

22,126,852

96.38

830,700

3.62

22,957,552

14,052

67.24%

9.     Re-elect Carol Chesney as a director

22,081,474

96.18

876,078

3.82

22,957,552

14,052

67.24%

10.   Re-elect John Jeans as a director

22,126,852

96.38

830,700

3.62

22,957,552

14,052

67.24%

11.   Re-elect Kath Durrant as a director

22,139,127

96.43

818,474

3.57

22,957,601

14,003

67.24%

 

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

 

Special Resolution

 

A copy of the following special resolution which was passed at the Annual General Meeting held on 13 October 2016 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 5 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 2017 and 31st December 2017 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

13 October 2016

 

Registered office:      New Mills, Wotton-under-Edge, Gloucestershire GL12 8JR

Registered number:   1106260

Contact name:          Norma Tang

Contact telephone:    01453 524445

www.renishaw.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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