Renishaw PLC Result of AGM (2328U)

TIDMRSW

RNS Number : 2328U

Renishaw PLC

20 October 2017

Renishaw plc

Results of AGM 2017

All resolutions proposed at the Annual General Meeting held on 20 October 2017 were duly passed on a poll. Resolutions 1 to 15 were passed as ordinary resolutions and resolution 16 was passed as a special resolution. The result of the poll is as follows:

 
         Resolution             Votes        %        Votes        %       Votes       % of        Votes 
                                  For                 Against               Total      ISC(1)    Withheld(2) 
                                                                                       Voted 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 1. Receive the 
  reports of directors 
  and financial statements    61,329,899    99.33      415,659    0.67   61,745,558    84.83%        998,946 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 2. Approve the 
  remuneration policy         60,902,216    98.94      654,533    1.06   61,556,749    84.57%      1,187,755 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 3. Approve the 
  remuneration report         61,697,021    99.60      250,317    0.40   61,947,338    85.11%        797,166 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 4. Declare the 
  final dividend              62,744,504   100.00            0    0.00   62,744,504    86.20%              0 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 5. Re-elect David 
  McMurtry as a director      47,660,505    78.87   12,769,416   21.13   60,429,921    83.02%      2,314,583 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 6. Re-elect John 
  Deer as a director          48,572,455    80.38   11,852,817   19.62   60,425,272    83.01%      2,319,232 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 7. Re-elect Allen 
  Roberts as a director       61,124,703    97.43    1,611,312    2.57   62,736,015    86.19%          8,489 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 8. Re-elect Geoff 
  McFarland as a 
  director                    61,133,351    97.44    1,603,164    2.56   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 9. Re-elect Will 
  Lee as a director           61,133,351    97.44    1,603,164    2.56   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 10. Re-elect David 
  Grant as a director         61,620,993    98.22    1,115,522    1.78   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 11. Re-elect Carol 
  Chesney as a director       61,294,909    97.70    1,441,606    2.30   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 12. Re-elect John 
  Jeans as a director         61,632,328    98.24    1,104,187    1.76   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 13. Re-elect Kath 
  Durrant as a director       61,678,315    98.31    1,058,200    1.69   62,736,515    86.19%          7,989 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 14. Re-appoint 
  Ernst & Young LLP 
  as auditors                 62,734,438    99.99        6,883    0.01   62,741,321    86.20%          3,183 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 15. Authorise the 
  audit committee 
  to determine the 
  auditors' remuneration      62,737,369    99.99        4,228    0.01   62,741,597    86.20%          2,907 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 16. Authorise the 
  Company to purchase 
  its own shares              62,067,919    98.92      676,585    1.08   62,744,504    86.20%              0 
---------------------------  -----------  -------  -----------  ------  -----------  --------  ------------- 
 

(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.

 
 Votes of independent shareholders on the resolutions 
  concerning the election or re-election of the independent 
  Non-executive Directors 
---------------------------------------------------------------------------------------------- 
 10. Re-elect David 
  Grant as a director      23,011,484   95.38   1,115,522   4.62   24,127,006   70.59%   7,989 
------------------------  -----------  ------  ----------  -----  -----------  -------  ------ 
 11. Re-elect Carol 
  Chesney as a director    22,685,400   94.02   1,441,606   5.98   24,127,006   70.59%   7,989 
------------------------  -----------  ------  ----------  -----  -----------  -------  ------ 
 12. Re-elect John 
  Jeans as a director      23,022,819   95.42   1,104,187   4.58   24,127,006   70.59%   7,989 
------------------------  -----------  ------  ----------  -----  -----------  -------  ------ 
 13. Re-elect Kath 
  Durrant as a director    23,068,806   95.61   1,058,200   4.39   24,127,006   70.59%   7,989 
------------------------  -----------  ------  ----------  -----  -----------  -------  ------ 
 

In accordance with Listing Rule 9.2.2E, Resolutions 10 to 13 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

Special Resolution

In accordance with Listing Rule 9.6.2R, a copy of the following special resolution which was passed at the Annual General Meeting held on 20 October 2017 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 five 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 2018 and 31st December 2018 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

20 October 2017

 
 Registered office:    New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR 
 Registered number:    1106260 
 LEI:                  21380048ADXM6Z67CT18 
 Contact name:         Allen Roberts 
 Contact telephone:    [phone] 
 

www.renishaw.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 20, 2017 09:20 ET (13:20 GMT)