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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Renishaw Plc | LSE:RSW | London | Ordinary Share | GB0007323586 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
45.00 | 1.09% | 4,165.00 | 4,150.00 | 4,165.00 | 4,175.00 | 4,100.00 | 4,120.00 | 42,153 | 16:29:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 688.57M | 116.1M | 1.5966 | 26.09 | 3.03B |
TIDMRSW
RNS Number : 1062V
Renishaw PLC
29 November 2023
Renishaw plc (the "Company")
Results of Annual General Meeting 2023
All resolutions proposed at the Annual General Meeting ("AGM") held on 29 November 2023 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 Against % Votes % of Votes For Total ISC(1) Withheld(2) Voted Excl Withheld 1. Receive the Annual Report 2023 61,646,484 98.41 998,952 1.59 62,645,436 86.06% 1,252,069 ----------- ------ -------------- ------ ----------- ---------- ------------- 2. Approve the Remuneration Policy 61,006,328 95.50 2,875,973 4.50 63,882,301 87.76% 15,204 ----------- ------ -------------- ------ ----------- ---------- ------------- 3. Approve the Remuneration Report 61,923,884 97.05 1,879,562 2.95 63,803,446 87.66% 94,059 ----------- ------ -------------- ------ ----------- ---------- ------------- 4. Declare a final dividend 63,889,934 99.99 4,182 0.01 63,894,116 87.78% 3,389 ----------- ------ -------------- ------ ----------- ---------- ------------- 5. Re-elect David McMurtry as a director 43,723,560 68.74 19,887,835 31.26 63,611,395 87.39% 286,110 ----------- ------ -------------- ------ ----------- ---------- ------------- 6. Re-elect John Deer as a director 45,497,182 71.52 18,114,153 28.48 63,611,335 87.39% 286,170 ----------- ------ -------------- ------ ----------- ---------- ------------- 7. Re-elect Will Lee as a director 63,674,597 99.89 70,955 0.11 63,745,552 87.58% 151,953 ----------- ------ -------------- ------ ----------- ---------- ------------- 8. Re-elect Allen Roberts as a director 63,259,563 99.25 479,551 0.75 63,739,114 87.57% 158,391 ----------- ------ -------------- ------ ----------- ---------- ------------- 9. Re-elect Catherine Glickman as a director 61,947,650 97.19 1,790,230 2.81 63,737,880 87.57% 159,625 ----------- ------ -------------- ------ ----------- ---------- ------------- 10. Re-elect David Grant as a director 61,087,343 95.84 2,650,879 4.16 63,738,222 87.57% 159,283 ----------- ------ -------------- ------ ----------- ---------- ------------- 11. Re-elect Juliette Stacey as a director 63,159,277 99.09 580,845 0.91 63,740,122 87.57% 157,383 ----------- ------ -------------- ------ ----------- ---------- ------------- 12. Re-elect Stephen Wilson as a director 63,438,643 99.53 299,579 0.47 63,738,222 87.57% 159,283 ----------- ------ -------------- ------ ----------- ---------- ------------- 13. Elect Karen Holford as a director 63,736,636 99.99 3,486 0.01 63,740,122 87.57% 157,383 ----------- ------ -------------- ------ ----------- ---------- ------------- 14. Re-appoint Ernst & Young LLP as auditors 63,451,645 99.31 440,984 0.69 63,892,629 87.78% 4,876 ----------- ------ -------------- ------ ----------- ---------- ------------- 15. Authorise the Audit Committee to determine the auditors' remuneration 63,883,429 99.99 8,438 0.01 63,891,867 87.78% 5,638 ----------- ------ -------------- ------ ----------- ---------- ------------- 16. Authorise the Company to purchase its own shares(3) 63,442,863 99.30 444,254 0.70 63,887,117 87.77% 10,388 ----------- ------ -------------- ------ ----------- ---------- -------------
(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.
(3) Special resolution requiring 75% majority.
Votes of independent shareholders on the resolutions concerning the election or re-election of the independent Non-executive Directors -------------------------------------------------------------------------------------------------- 10. Re-elect Catherine Glickman as a director 23,494,391 92.92 1,790,230 7.08 25,284,621 73.64% 159,625 ----------- ------ ---------- ------ ----------- ------- -------- 11. Re-elect David Grant as a director 22,634,084 89.52 2,650,879 10.48 25,284,963 73.64% 159,283 ----------- ------ ---------- ------ ----------- ------- -------- 12. Re-elect Juliette Stacey as a director 24,706,018 97.70 580,845 2.30 25,286,863 73.65% 157,383 ----------- ------ ---------- ------ ----------- ------- -------- 13. Re-elect Stephen Wilson as a director 24,985,384 98.82 299,579 1.18 25,284,963 73.64% 159,283 ----------- ------ ---------- ------ ----------- ------- -------- 14. Elect Karen Holford as a director 25,283,377 99.99 3,486 0.01 25,286,863 73.65% 157,383 ----------- ------ ---------- ------ ----------- ------- --------
In accordance with Listing Rule 9.2.2E, resolutions 10 to 14 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.
The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 72,788,543.
In accordance with Listing Rule 9.6.2R, a copy of resolution 16, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
The Board is pleased that the majority of resolutions were passed with a high level of support from shareholders. The Board has considered the votes against resolutions 5, the re-election of Sir David McMurtry (31.26%) and 6, the re-election of John Deer (28.48%) (together, the "Founders").
To better understand the reasoning behind the votes against, meetings have been held with those shareholders wishing to discuss aspects of corporate governance in the run up to the AGM. The main matters of concern continue to be the absence of a relationship agreement between the Founders and the Company, succession planning and Board diversity.
In respect of succession planning and the composition of the Board, the Nomination Committee continues to monitor, and is supportive of, the current structure of the Board believing that it provides the Company with access to significant strategic vision, commercial experience, and operational and international expertise. The Board keeps its skills and experience under review and a succession planning exercise for both Board and key operational roles has recently taken place to encourage a diverse pipeline of talent for senior managerial roles. Further, and as previously announced, the Board has appointed Professor Karen Holford, Independent Non-executive Director, taking the number of independent Non-executive Directors to five, and increasing the gender diversity of the Board.
As indicated in the previous six months update statement released on 16 May 2023, the Board will continue to consult with its shareholders on these matters. An update statement will be released within six months.
Renishaw plc
29 November 2023
Registered office: New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR Registered number: 01106260, England and Wales Contact name: Karen Atterbury Contact telephone: 01453 524524
www.renishaw.com
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(END) Dow Jones Newswires
November 29, 2023 09:47 ET (14:47 GMT)
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