Elementis PLC Result of AGM (3143L)

TIDMELM

RNS Number : 3143L

Elementis PLC

29 April 2020

Elementis plc

Result of 2020 AGM

The Company's AGM was held today (29 April 2020) at Elementis' head office at Caroline House, 55-57 High Holborn, London, WC1V 6DX and all resolutions proposed were passed on a poll. As announced on 21 April 2020, in light of the Government's 'Stay at Home Measures' to deal with the COVID-19 pandemic which prohibit public gatherings and unnecessary travel and to ensure the safety of employees and shareholders, the Company advised shareholders not to attend the meeting in person.

For information, the following table shows the poll results for the Meeting. The total number of shares in issue (ISC) as at 27 April 2020 was 580,801,241 . (Total voting rights: 580,801,241 ). The percentage figure shown in each column is the percentage of the total number of votes validly cast (under law) for each resolution (i.e. excludes votes withheld).

 
                                 Votes         %       Votes Against   %       Votes         % of         Votes 
   Resolution                     For                                           Total         ISC voted    Withheld 
                                                      -------------- 
       Receive annual report 
 1.     and accounts 2019        426,465,925   99.67   1,425,006       0.33    427,890,931   73.67%       1,070,269 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Directors' remuneration 
        report 2019 (excluding 
 2.     Remuneration policy)     346,742,847   90.65   35,776,984      9.35    382,519,831   65.86%       46,441,369 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Andrew 
 3.     Duff                     406,098,938   94.68   22,812,973      5.32    428,911,911   73.85%       49,290 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Paul 
 4.     Waterman                 426,122,759   99.35   2,779,346       0.65    428,902,105   73.85%       59,096 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Ralph 
 5.     Hewins                   426,079,448   99.35   2,800,647       0.65    428,880,095   73.84%       81,106 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Sandra 
 6.     Boss t                   427,042,933   99.58   1,815,401       0.42    428,858,334   73.84%       102,867 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Dorothee 
 7.     Deuring                  425,223,461   99.57   1,818,172       0.43    427,041,633   73.53%       1,919,568 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Steve 
 8.     Good                     358,175,072   93.53   24,762,726      6.47    382,937,798   65.93%       46,023,403 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       To re-elect Anne 
 9.     Hyland                   427,096,812   99.59   1,752,536       0.41    428,849,348   73.84%       111,853 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
 10.   To elect John O'Higgins   428,817,234   99.98   82,964          0.02    428,900,198   73.85%       61,003 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Re-appoint Deloitte 
 11.    LLP as Auditors          428,789,530   99.97   129,132         0.03    428,918,662   73.85%       42,539 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
 12.   Auditors' remuneration    428,854,879   99.98   67,747          0.02    428,922,626   73.85%       38,575 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Authority to allot 
 13.    shares                   345,935,254   80.65   82,998,891      19.35   428,934,145   73.85%       27,056 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Authorise political 
 14.    donations                421,009,834   98.16   7,886,165       1.84    428,895,999   73.85%       65,202 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Hold general meetings 
        at 14 clear days' 
 15.    notice*                  341,448,934   79.60   87,497,945      20.40   428,946,879   73.85%       14,322 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Disapply pre-emption 
 16.    rights*                  428,674,295   99.94   245,813         0.06    428,920,108   73.85%       41,093 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Disapply pre-emption 
        rights for acquisition 
 17.    or capital investment*   424,726,847   99.02   4,198,679       0.98    428,925,526   73.85%       35,674 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
       Authority to purchase 
 18.    own shares*              427,367,215   99.65   1,485,665       0.35    428,852,880   73.84%       108,320 
----  ------------------------                ------  --------------  ------  ------------  -----------  ----------- 
 

t As noted in the Company's trading update which was announced prior to the AGM, resolution 6 relating to the re-election of Sandra Boss was withdrawn in connection with Sandra taking up a full time executive role.

   *     Resolutions 15 to 18 were passed as special resolutions. 

We note the significant vote against the shortening of the notice period for calling general meetings to 14 days, which was opposed by a small number of shareholders. We will continue to consult with shareholders who did not vote in favour of this resolution to understand their reasons and will provide an update within six months as required by the UK Corporate Governance Code. The Company continues to maintain that having the flexibility to call general meetings on short notice is, in certain circumstances, of benefit to shareholders.

Directorate changes

As previously announced, Nick Salmon has now retired from the Board at the conclusion of the AGM. Following the Company's trading update which was announced prior to the AGM, resolution 6 relating to the re-election of Sandra Boss was withdrawn in connection with Sandra taking up a full time executive role. Consequently, Sandra Boss has also retired from the Board at the conclusion of the AGM.

In accordance with Listing Rule 9.6, copies of the resolutions, designated as being special business, passed at the AGM will be submitted to the National Storage Mechanism and will be available shortly for inspection at: www.morningstar.co.uk/uk/NSM

These voting results will also be available on the Company's website at https://www.elementis.com/agm-information/

later this afternoon.

Laura Higgins

Company Secretary

0207 067 2999

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April 29, 2020 05:49 ET (09:49 GMT)