Bodycote PLC Result of AGM (7924M)

TIDMBOY

RNS Number : 7924M

Bodycote PLC

25 May 2022

25 May 2022

Bodycote plc - Resolutions passed at the Annual General Meeting

Bodycote plc announces that all resolutions proposed at its Annual General Meeting held at 12 pm on 25 May 2022 were passed on a show of hands.

Details of proxy voting instructions, lodged prior to the Meeting are set out below:

 
 Resolution                               For       Discretion    Against     Abstention 
                                        (number       (number      (number      (number 
                                       of votes)     of votes)    of votes)    of votes) 
 
   Ordinary Resolutions 
                                     ------------  -----------  -----------  ----------- 
 1. To receive the annual report      169,626,546     14,432         0         144,066 
                                     ------------  -----------  -----------  ----------- 
 2. To declare a final dividend       169,770,776     13,393         13          862 
                                     ------------  -----------  -----------  ----------- 
 
   Re-election of directors 
                                     ------------  -----------  -----------  ----------- 
 3. To re-elect Mr D. Dayan           169,093,044     13,393      595,692       82,915 
                                     ------------  -----------  -----------  ----------- 
 4. To re-elect Mr. S.C. Harris       169,630,359     13,393       58,653       82,639 
                                     ------------  -----------  -----------  ----------- 
 5. To re-elect Ms E. Lindqvist       165,471,472     13,393     4,217,573      82,606 
                                     ------------  -----------  -----------  ----------- 
 6. To re-elect Mr. I.B. Duncan       167,183,274     13,393     2,505,738      82,639 
                                     ------------  -----------  -----------  ----------- 
 7. To re-elect Mr. D. Yates          168,900,276     13,393      788,736       82,639 
                                     ------------  -----------  -----------  ----------- 
 8. To re-elect Mr. P. Larmon         167,589,817     13,393     2,099,195      82,639 
                                     ------------  -----------  -----------  ----------- 
 9. To re-elect Ms. L. Chahbazi       167,602,761     13,393     2,085,411      83,479 
                                     ------------  -----------  -----------  ----------- 
 10. To re-elect Mr. K. Boyd          167,615,144     13,393     2,073,868      82,639 
                                     ------------  -----------  -----------  ----------- 
 11. To appoint the auditors          167,586,378     18,414     2,175,937      4,315 
                                     ------------  -----------  -----------  ----------- 
 12. To authorise the directors 
  to fix auditor's 
  remuneration                        169,752,642     13,393       12,186       6,823 
                                     ------------  -----------  -----------  ----------- 
 13. To approve the report 
  on remuneration                     155,054,298     13,393     3,053,968    11,663,385 
                                     ------------  -----------  -----------  ----------- 
 14. To approve the remuneration 
  policy                              120,988,831     13,393     36,980,280   11,802,612 
                                     ------------  -----------  -----------  ----------- 
 15. To renew authority to 
  allot shares                        156,767,694     17,855     1,265,840    11,733,655 
                                     ------------  -----------  -----------  ----------- 
 Special resolutions 
                                     ------------  -----------  -----------  ----------- 
 16. To renew authority for 
  disapplication of pre- 
  emption rights in respect 
  of 5% of issued share 
  capital                             169,391,029     17,855      367,726       8,434 
                                     ------------  -----------  -----------  ----------- 
 17. To renew authority for 
  disapplication of pre- 
  emption rights for an additional 
  5% of issued share 
  capital                             165,043,538     17,855     4,715,217      8,434 
                                     ------------  -----------  -----------  ----------- 
 18. To renew authority to 
  buy own shares                      167,047,182     17,855     2,609,688     110,319 
                                     ------------  -----------  -----------  ----------- 
 19. To authorise general meetings 
  14 days' notice                     167,261,568     20,578     2,500,913      1,985 
                                     ------------  -----------  -----------  ----------- 
 

The number of ordinary shares in issue on 25 May 2022 was 191,456,172. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

All resolutions presented to shareholders at today's Annual General Meeting were passed with a majority of votes. However, the Board recognises that some shareholders opposed resolution 14 (the approval of the remuneration policy). While the Board is pleased that resolution 14 has received shareholder approval, it also acknowledges the views of the shareholders who opposed the resolution. The principal concern being that our remuneration policy now explicitly states that salary increases / pension contributions for Executive Directors are determined taking into account salary increases / pension contributions for the wider workforce in the country the executive director lives and / or works as well as the wider workforce across Western Europe including the UK. We contacted our major shareholders before the Annual General Meeting to confirm that this is not a change in how we remunerate our Executive Directors and rather clarifies existing practice, and to offer to discuss their views on this matter. We will continue to engage with our shareholders to ensure views are fully understood and report back within six months.

A copy of the Resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the FCA Electronic Submission System , which is situated at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

U. Ball, Group Company Secretary, Bodycote plc

Tel: [phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGFELFLLELFBBK

(END) Dow Jones Newswires

May 25, 2022 07:21 ET (11:21 GMT)