Clarkson PLC Result of AGM 2017 (0286F)

TIDMCKN

RNS Number : 0286F

Clarkson PLC

12 May 2017

12 May 2017

CLARKSON PLC

("the Company")

Results of 2017 Annual General Meeting

The Company announces that, in accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at its Annual General Meeting ("AGM") held on 12 May 2017 have been submitted to the UK Listing Authority and are available for inspection at the UKLA's Document Viewing Facility located at www.morningstar.co.uk

On the date of the AGM, the number of issued shares of the Company was 30,233,179 shares which was the total number of shares entitling holders to attend and vote in respect of all resolutions.

All resolutions at the AGM were passed on a show of hands.

The following table shows the proxy votes cast for each resolution:

 
          Description        In favour    Votes    Against    Votes   Discretion   Votes     Votes 
                                           Cast                Cast                 Cast    Withheld 
                                            %                   %                    % 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Report 
 1     & Accounts            22,986,279   98.76   166         0       289,590      1.24    8,917 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Remuneration 
 2     Report                16,966,872   72.87   6,027,724   25.89   290,590      1.24    2,281 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Remuneration 
 3     policy                16,841,377   72.33   6,106,012   26.22   336,797      1.45    3,281 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
 4    Dividend               22,997,030   98.76   0           0       289,590      1.24    847 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 5     Mr J Hughes-Hallett   21,386,347   92.75   1,325,748   5.75    346,521      1.50    228,851 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 6     Mr A Case             22,922,883   98.44   74,408      0.32    289,590      1.24    586 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 7     Mr P Anker            22,784,923   97.85   20,094      0.09    480,998      2.06    1,452 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
       Mr J D 
 8     Woyda                 22,538,813   96.80   456,069     1.96    289,590      1.24    752 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 9     Mr P Backhouse        22,362,028   96.92   421,653     1.83    289,590      1.25    214,196 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 10    Mr B Nergaard         22,543,143   96.81   448,136     1.92    294,330      1.27    1,858 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-elect 
 11    Mr E Warner           19,527,918   84.40   3,318,732   14.34   289,590      1.26    151,227 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      To elect 
 12    Ms ML Clayton         22,336,054   96.95   413,347     1.79    289,590      1.26    248,476 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Re-appoint 
 13    of Auditors           22,834,467   98.70   10,330      0.04    289,590      1.26    153,080 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Auditor's 
 14    remuneration          22,836,087   98.08   1,066       0       445,461      1.92    4,853 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Authority 
       to allot 
 15    shares                21,170,164   91.50   1,629,881   7.04    335,997      1.46    151,425 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Waive pre-emption 
 16    rights*               22,770,971   98.42   74,977      0.32    289,590      1.26    151,708 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Purchase 
 17    own shares*           22,972,701   98.65   24,470      0.11    289,590      1.24    706 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
      Notice 
       of general 
 18    meeting*              22,648,289   97.56   277,406     1.19    289,590      1.25    63,936 
---  ---------------------  -----------  ------  ----------  ------  -----------  ------  ---------- 
 

* Special resolution requiring 75% majority.

The Board of Directors notes that, although the resolutions to approve the Directors' remuneration report and the remuneration policy were passed with the requisite majority, some 25.89% of votes were cast against the Directors' remuneration report resolution and 26.22% of votes were cast against the remuneration policy resolution. We have engaged with the Company's major shareholders in order to fully understand their concerns relating to the Directors' remuneration report and policy and will continue to engage with shareholders throughout the year.

Enquiries:

Clarkson PLC

   Penny Watson - Group Company Secretary, Clarkson PLC                Tel:  [phone] 

Camarco

Billy Clegg Tel: [phone] 3757 4994

Jennifer Renwick

This information is provided by RNS

The company news service from the London Stock Exchange

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May 12, 2017 08:39 ET (12:39 GMT)