Source - RNS
RNS Number : 6701Z
Lamprell plc
21 May 2019
 

 

 

21 May 2019

 

LAMPRELL PLC
("Lamprell" or the "Company", and with its subsidiaries the "Group")

 

RESULTS OF 2019 AGM

 

 

At the Annual General Meeting of the Company held at 10.00AM (local time) yesterday at the Jumeirah Emirates Tower, Sheikh Zayed Road, Dubai, United Arab Emirates, all the resolutions set out in the Notice of Annual General Meeting ("AGM Notice") published by the Company on 18 April 2019 were duly passed.

 

Voting on all resolutions was by way of a show of hands.  Voting on resolutions 9, 11 and 13 was by Independent Shareholders (as defined in the AGM Notice) only.

 

FINAL PROXY VOTING TOTALS

 

Details of the final proxy votes received in respect of the resolutions proposed at the Annual General Meeting are as follows:

 

Resolution no

Business

TOTAL SHARES VOTED

FOR/ DISCRETION

AGAINST

WITHHELD


Ordinary Business





1

To receive and adopt the Company's financial statements together with the reports of the directors and auditors for the period ending 31 December 2018

302,524,279

300,869,603

1,654,676

131

2

To approve the Directors' Remuneration Policy report included in the 2018 Annual Report and Accounts

302,324,279

300,010,198

2,314,081

200,131

3

To approve the Directors' annual report on remuneration for the year ended 31 December 2018 included in the 2018 Annual Report and Accounts

302,324,278

251,935,645

50,388,633

200,131

4

To elect  John Malcolm as a director of the Company

302,523,878

300,308,253

2,215,625

532

5

To elect Christopher McDonald as a director of the Company

302,523,878

301,053,997

1,469,881

532

6

To elect Antony Wright as a director of the Company

302,523,878

300,268,218

2,255,660

532

7

To elect Nicholas Garrett as a director of the Company

302,523,878

300,307,997

2,215,881

532

8

To elect James Dewar as a director of the Company

302,523,878

297,899,924

4,623,954

532

9

To elect  James Dewar  as a director of the Company (Independent Shareholder vote)

189,341,587

184,717,377

4,624,210

532

10

To elect Debra Valentine as a director of the Company

302,523,877

289,699,083

12,824,794

532

11

To elect  Debra Valentine as a director of the  Company (Independent Shareholder vote)

189,341,586

176,516,792

12,824,794

532

12

To elect Mel Fitzgerald as a director of the Company

302,523,878

296,433,923

6,089,955

532

13

To elect  Mel Fitzgerald as a director of the Company (Independent Shareholder vote)

189,341,587

183,251,888

6,089,699

532

14

To appoint Deloitte LLP, Isle of Man, as auditors of the Company

302,523,878

302,519,998

3,880

532

15

To authorise the Audit & Risk Committee to fix the auditors' remuneration on behalf of the Board

302,523,878

302,519,998

3,880

532


Special Business





 

16

To authorise the directors to allot shares pursuant to Article 5.1 of the Company's Articles of Association

302,522,960

302,518,824

4,136

1,450

17

To disapply the pre-emption rights pursuant to article 5.2 of the Company's Articles of Association

302,522,210

302,507,824

14,386

1,450

18

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

302,523,492

300,867,685

1,655,807

918







 

 

Notes to proxy voting totals table:

 

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'FOR' total.

 

2. A 'VOTE WITHHELD' is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution and is not included in the total proxy votes received for each resolution.

 

3. Number of ordinary shares of 5 pence each in issue at meeting date: 341,726,570.

 

4. The Controlling Shareholder (as defined in the AGM Notice) was not eligible to vote on resolutions 9, 11 and 13.  The Controlling Shareholder holds a total of 113,182,291 Ordinary Shares, equating to 33.12% of the issued ordinary share capital with voting rights.

 

** These votes reflect the results of the poll taken during the meeting, rather than the proxy votes received.

 

Copies of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/nsm.

 

 

- Ends -

 

 

Enquiries:

 

Lamprell plc

Alex Ridout, Company Secretary

+971 (0) 4 803 9308

Maria Babkina, Investor Relations

+44 (0) 7852 618 046



Tulchan Communications, London

Martin Robinson

+44 (0) 207 353 4200

Martin Pengelley

Harry Cameron


 

 

Notes to editors

Lamprell PLC, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.

Lamprell employs around 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group's facilities cover approximately 812,000 m2 with 1.6 km of quayside.

Lamprell is listed on the London Stock Exchange (symbol "LAM").


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