Source - LSE Regulatory
RNS Number : 9631M
TI Fluid Systems PLC
14 May 2020
 

14 May 2020

 

 

TI Fluid Systems plc

(the "Company")

 

Results of Annual General Meeting 2020 ("AGM")

 

The Company announces the results of the AGM which was held today, Thursday, 14 May 2020.

 

The table below shows the proxy position of all Resolutions as at the close of books on 12 May 2020 at 2 pm except Resolution 3 which is shown based on the poll conducted at the AGM.

 

 


VOTES FOR

 

VOTES AGAINST

VOTES TOTAL

VOTES WITHHELD

 

RESOLUTION

Number of shares

% of

shares voted

Number of shares

% of

shares voted

Number of shares

% of issued share capital

Number of shares

1

Annual report and accounts

490,837,768

99.64%

1,782,302

0.36%

492,620,070

94.69%

166,362

2

Directors' remuneration report

468,397,586

95.33%

22,936,030

4.67%

491,333,616

94.44%

1,452,816

3

Declaration of final dividend

210,415,347

42.70%

282,361,356

57.30%

492,776,703

94.72%

9,929

Re-election of Manfred Wennemer as a director

490,826,967

99.64%

1,766,403

0.36%

492,593,370

94.68%

193,062

5

Re-election of William L. Kozyra as a director

492,481,598

99.94%

297,136

0.06%

492,778,734

94.72%

7,698

6

Election of Tim Cobbold as a director

492,521,104

99.95%

257,630

0.05%

492,778,734

94.72%

7,698

7

Re-election of Andrea Dunstan as a director

492,521,104

99.95%

257,630

0.05%

492,778,734

94.72%

7,698

8

Election of Ron Hundzinski as a director

487,920,265

99.01%

4,858,468

0.99%

492,778,733

94.72%

7,698

9

Election of Susan Levine as a director

492,481,598

99.94%

297,136

0.06%

492,778,734

94.72%

7,698

10

Re-election of Elaine Sarsynski as a director

492,521,104

99.95%

257,630

0.05%

492,778,734

94.72%

7,698

11

Re-election of John Smith as a director

492,521,104

99.95%

257,630

0.05%

492,778,734

94.72%

7,698

12

Re-election of Stephen Thomas as a director

492,165,895

99.88%

612,839

0.12%

492,778,734

94.72%

7,698

13

Re-election of Jeffrey Vanneste as a director

492,092,617

99.86%

686,117

0.14%

492,778,734

94.72%

7,698

14

Re-appointment of auditor

492,271,650

99.90%

505,415

0.10%

492,777,065

94.72%

9,367

15

Auditors' remuneration

492,273,319

99.90%

505,415

0.10%

492,778,734

94.72%

7,698

16

Directors' authority to allot shares

492,386,016

99.92%

392,718

0.08%

492,778,734

94.72%

7,698

17

Disapplication of pre-emption rights *

492,668,225

100.00%

0

0.00%

492,668,225

94.69%

118,207

18

Further disapplication of pre-emption rights *

492,668,225

100.00%

0

0.00%

492,668,225

94.69%

118,207

19

Authority to purchase shares *

488,254,576

99.09%

4,492,160

0.91%

492,746,736

94.71%

39,695

20

Political donations or expenditure

490,336,817

99.73%

1,323,775

0.27%

491,660,592

94.50%

1,125,840

21

Notice of general meeting *

490,914,589

99.62%

1,864,145

0.38%

492,778,734

94.72%

7,698

 * Special resolutions

 

Votes excluding controlling shareholders on the resolutions concerning the re-election of the Independent Non-Executive Directors

 

 


VOTES FOR

 

VOTES AGAINST

VOTES TOTAL

VOTES WITHHELD

 

RESOLUTION

Number of shares

% of

shares voted

Number of shares

% of

shares voted

Number of shares

% of issued share capital

Number of shares

4

Re-election of Manfred Wennemer as a director

208,522,982

99.16%

1,766,403

0.84%

210,289,385

88.37%

193,062

6

Election of Tim Cobbold as a director

210,217,119

99.88%

257,630

0.12%

210,474,749

88.45%

7,698

7

Re-election of Andrea Dunstan as a director

210,217,119

99.88%

257,630

0.12%

210,474,749

88.45%

7,698

10

Re-election of Elaine Sarsynski as a director

210,217,119

99.88%

257,630

0.12%

210,474,749

88.45%

7,698

11

Re-election of John Smith as a director

210,217,119

99.88%

257,630

0.12%

210,474,749

88.45%

7,698

13

Re-election of Jeffrey Vanneste as a director

209,788,632

99.67%

686,117

0.33%

210,474,749

88.45%

7,698

 

The Board notes the outcome of the shareholder vote on Resolution 3 concerning the payment of the 2019 final dividend.  As a consequence, the 2019 final dividend will not be paid to shareholders.

Notes:

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

2.     The total number of ordinary shares in issue at 12 May 2020 was 520,269,141.

3.     Total ordinary shares held by shareholders excluding the controlling shareholder at 12 May 2020 was 237,965,156.

4.     A 'Vote Withheld' is not counted towards the votes cast 'For' or 'Against' a resolution.

 

A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.tifluidsystems.com.

 

Enquiries:




TI Fluid Systems plc


David J Royce

+1 (248) 376 8624

Investor Relations




FTI Consulting

+44 (0)20 3727 1340

Richard Mountain


Nick Hasell






 

About TI Fluid Systems plc

 
TI Fluid Systems plc, (LSE: TIFS) is a leading global manufacturer of highly engineered automotive fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 108 locations across 28 countries serving all major global OEMs.

 


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