Chemring Group PLC Result of AGM (3256I)

TIDMCHG

RNS Number : 3256I

Chemring Group PLC

20 March 2018

FOR IMMEDIATE RELEASE 20 MARCH 2018

CHEMRING GROUP PLC

Result of AGM

At the Annual General Meeting of Chemring Group PLC held on 20 March 2018 all resolutions in the Notice of Meeting were considered by shareholders by means of a poll vote and all resolutions were passed by the necessary majority.

The results of the polls on the resolutions are shown in the table below and will be posted on the Company's website www.chemring.co.uk

 
 RESOLUTION      VOTES        %        VOTES        %        VOTES       % of      VOTES 
                  FOR                  AGAINST               TOTAL        ISC     WITHHELD 
                                                                         VOTED 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     1        245,134,429   99.70     729,993     0.30    245,864,422   87.85%     38,849 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     2        188,620,861   76.71    57,273,331   23.29   245,894,192   87.86%     9,078 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     3        245,899,187   100.00       0        0.00    245,899,187   87.86%     4,084 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     4        219,141,148   89.12    26,755,350   10.88   245,896,498   87.86%     6,772 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     5        235,923,198   95.95    9,965,981    4.05    245,889,179   87.85%     14,092 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     6        235,897,488   95.94    9,991,759    4.06    245,889,247   87.85%     14,033 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     7        245,829,074   99.98      48,914     0.02    245,877,988   87.85%     25,283 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     8        245,840,060   99.98      37,994     0.02    245,878,054   87.85%     24,799 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     9        245,830,858   99.98      47,614     0.02    245,878,472   87.85%     24,799 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     10       201,256,475   88.22    26,882,703   11.78   228,139,178   81.51%   17,764,092 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     11       227,812,723   99.52    1,096,545    0.48    228,909,268   81.79%   16,994,001 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     12       245,870,073   99.99      17,123     0.01    245,887,196   87.85%     15,657 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     13       244,304,329   99.35    1,589,710    0.65    245,894,039   87.86%     9,232 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     14       245,853,721   99.98      37,970     0.02    245,891,691   87.85%     11,580 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     15       245,824,330   99.97      77,341     0.03    245,901,671   87.86%     1,600 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     16       216,739,694   88.14    29,161,976   11.86   245,901,670   87.86%     1,600 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     17       229,194,335   93.21    16,694,522   6.79    245,888,857   87.85%     14,413 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
     18       221,833,309   90.21    24,068,004   9.79    245,901,313   87.86%     1,540 
-----------  ------------  -------  -----------  ------  ------------  -------  ----------- 
 

* ISC = Issued Share Capital of the Company

The Board is disappointed to note that whilst the resolution to approve the directors' remuneration report was passed with a substantial majority, there were a significant number of votes opposing the resolution. We will engage with shareholders and representative bodies to discuss their concerns relating to our remuneration report as part of the consultation leading up to the normal three-year review of Chemring's directors' remuneration policy. The new policy will be put to shareholders for approval at the 2019 Annual General Meeting.

A copy of the ordinary and special resolutions passed at the meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

Notes:

(i) Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

(ii) A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.

(iii) Resolutions 1 to 14 were passed as ordinary resolutions. Resolutions 15 to 18 were passed as special resolutions.

For further information:

 
                     Group Legal Director & Company 
                      Secretary, Chemring Group             +44 (0)1794 
  Sarah Ellard        PLC                                    833901 
                     Group Director of Corporate 
                      Affairs, Chemring Group               +44 (0)1794 
  Rupert Pittman      PLC                                    833901 
                                                            [phone] 
 James White         MHP Communications                      8100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 20, 2018 10:17 ET (14:17 GMT)