Electrocomponents PLC Result of AGM (6457L)

TIDMECM

RNS Number : 6457L

Electrocomponents PLC

20 July 2017

Electrocomponents Plc

(the Company)

Results of Annual General Meeting

Electrocomponents Plc announces that all of the resolutions set out in the Notice of Meeting dated 30 May 2017 were passed by conducting a Poll at today's Annual General Meeting. Resolutions 15, 16, 17, 18 and 19 were passed as Special Resolutions.

Details of the proxy votes received in advance of the meeting are set out below and can be found on the Company's website at www.electrocomponents.com/investor-centre/corporate-governance/agm-information

 
 
   Resolution                         Votes 
                                       For          % For                                   Total 
                                     (incl.         (incl.                                  votes          Votes 
                                   Chairman's     Chairman's      Votes                    validly       Withheld* 
                                   discretion)    discretion)     Against    % Against       cast 
------------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To receive 
        Report & Accounts 
 1.     for 2017                  371,211,019       100.00        3,268        0.00      371,214,287     93,090 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To approve 
        the Directors' 
        remuneration 
 2.     report                    363,592,062       98.52       5,471,293      1.48      369,063,355    2,244,022 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To declare 
        a final Dividend 
 3.     for 2017                  371,256,607       99.99         50,770       0.01      371,307,377        0 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To elect Louisa 
 4.     Burdett                   371,030,443       99.98         64,704       0.02      371,095,147     212,230 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To elect Simon 
 5.     Pryce                     368,325,572       99.25       2,767,552      0.75      371,093,124     214,253 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 6.     Bertrand Bodson           370,469,999       99.83        624,086       0.17      371,094,085     213,292 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 7.     David Egan                370,423,389       99.82        671,076       0.18      371,094,465     212,912 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 8.     Karen Guerra              366,318,668       98.71       4,774,072      1.29      371,092,740     214,637 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 9.     Peter Johnson             369,674,339       99.62       1,419,357      0.38      371,093,696     213,681 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 10.    John Pattullo             370,503,229       99.84        589,511       0.16      371,092,740     214,637 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-elect 
 11.    Lindsley Ruth             370,413,769       99.82        681,311       0.18      371,095,080     212,297 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To re-appoint 
        PricewaterhouseCoopers 
 12.    LLP as auditor            371,058,407       100.00        14,397       0.00      371,072,804     234,573 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To authorise 
        Directors to 
        agree remuneration 
 13.    of the auditor            371,284,514       100.00        13,408       0.00      371,297,922      8,655 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To authorise 
        Directors' 
        authority to 
 14.    allot shares              307,824,246       82.95       63,272,136     17.05     371,096,382     210,995 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To authorise 
        Directors' 
        authority to 
        disapply pre--emption 
        rights up to 
 15.    5%                        321,717,882       86.65       49,556,381     13.35     371,274,263     33,114 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       To authorise 
        Directors' 
        authority to 
        disapply pre--emption 
        rights for 
        additional 
 16.    5%                        291,311,952       78.46       79,955,311     21.54     371,267,263     40,114 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       Renewal of 
        the Directors' 
        authority for 
        purchase by 
        Company of 
 17.    own shares                368,298,473       99.31       2,562,186      0.69      370,860,659     446,718 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       Notice Period 
        for General 
 18.    Meetings                  352,540,081       94.95       18,765,699     5.05      371,305,780      1,596 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
       Adoption of 
        amended Articles 
 19.    of Association            368,202,106       99.22       2,880,900      0.78      371,083,006     224,371 
----  ------------------------  --------------  -------------  -----------  ----------  ------------  ------------ 
 

* A "vote withheld" is not a vote in law and will not be counted in the calculation of the proportion of votes "for" or "against" a resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.

The Company has noted that the Resolutions are duly passed under the Companies Act 2006.

Although Resolution 14 (to authorise the directors to allot), Resolution 15 (to dis-apply pre-emption rights) and Resolution 16 (additional pre-emption rights) were passed with the requisite majority, 17%, 13% and 22% of the votes respectively were cast against each of these resolutions. The Board will continue its ongoing dialogue with its shareholders to understand any concerns regarding today's vote.

In accordance with Listing Rule 9.6.2., a copy of the Resolutions relating to Special Business has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

Full details of all the Resolutions passed, together with explanatory notes, are set out in the Notice of AGM previously submitted to the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM and on the Company's website at http://www.electrocomponents.com/investor-centre/annual-reports.

The total number of shares in issue at 6pm on Wednesday, 19 July 2017 was 441,557,515 ordinary shares in the Company. A total of 84.09% of the share capital was voted.

IAN HASLEGRAVE

Company Secretary

20 July 2017

Registered office:

International Management Centre, 8050 Oxford Business Park North, Oxford OX4 2HW

tel: [phone]

fax: [phone]

www.electrocomponents.com

LEI: 549300KVXDURRKVW7R37

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 20, 2017 06:49 ET (10:49 GMT)