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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Glanbia Plc | LSE:GLB | London | Ordinary Share | IE0000669501 | ORD EUR0.06 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.50 | 16.90 | 18.10 | 8,632 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Pharmaceutical Preparations | 5.43B | 344.5M | 1.2652 | 13.83 | 4.77B |
From Apr 2019 to Apr 2024
TIDMGLB
RNS Number : 1325M
Glanbia PLC
25 April 2018
Glanbia plc ("the Company")
The Directors of the Company wish to announce that all resolutions proposed at the Annual General Meeting of the Company held on 25 April 2018 were passed, results of which are set out below. The full text of each resolution is set out below and was also included in the Notice of the Annual General Meeting of the Company circulated to Shareholders on 16 March 2018 and made available on the Company's website www.glanbia.com.
In accordance with the Listing Rules copies of the resolutions passed at the Annual General Meeting of the Company have been forwarded to both the Irish Stock Exchange and the UK National Storage Mechanism and will shortly be available for inspection at the following locations:-
Companies Announcements Office,
Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland
and
http://www.morningstar.co.uk/uk/NSM
Results of AGM
Each of resolutions 1 to 11 proposed at the Company's Annual General Meeting held on 25 April 2018 (save as provided otherwise herein) were carried on a show of hands. Results of the proxy votes received for each resolution are outlined below
Resolutions 3(n) to 3(q) were passed on a poll both by all the shareholders present and voting and all the independent shareholders present and voting (that is the shareholders of the Company entitled to vote on the election of the Directors who are not controlling shareholders (i.e. those shareholder(s) that exercise or control more than 30% of the voting rights of the Company). The results of the voting, on each resolution on each basis, are outlined below.
Hot Features
Premium
Total excluding Total including
For Against withheld* Withheld withheld
----------- ---------------- -------------------------------------- ----------------------------------------- ----------------------- ---------------------------------------- -----------------------
Resolution Resolution Votes/Shares % Votes/Shares % Votes/Shares % Votes/Shares % Votes/Shares %
Number
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To review
the Company's
affairs
and receive
and consider
the financial
statements
for the
year
ended
30 December
2017
together
with
the reports
of the
Directors
and the
Auditors
1 thereon 185,818,025 100.00% 2,300 0.00% 185,820,325 100.00% 288 0.00% 185,820,613 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To declare
a final
dividend
of 16.09
cent
per share
on the
ordinary
shares
for the
year
ended
30 December
2 2017 185,820,004 100.00% 321 0.00% 185,820,325 100.00% 288 0.00% 185,820,613 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To re-appoint
the following
Directors,
in accordance
with
the provisions
of the
UK Corporate
Governance
Code,
who retire
and,
being
eligible,
offer
themselves
for
re-appointment:
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Patsy
3a Ahern 142,416,579 86.25% 22,708,457 13.75% 165,125,036 100.00% 20,695,583 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Henry
3b Corbally 170,468,424 94.46% 10,005,127 5.54% 180,473,551 100.00% 5,347,068 2.88% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Mark
3c Garvey 178,342,703 95.98% 7,477,628 4.02% 185,820,331 100.00% 288 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Vincent
3d Gorman 141,650,929 85.79% 23,471,882 14.21% 165,122,811 100.00% 20,697,808 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
3e Tom Grant 142,418,654 86.25% 22,704,157 13.75% 165,122,811 100.00% 20,697,808 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Brendan
3f Hayes 142,333,857 86.24% 22,704,782 13.76% 165,038,639 100.00% 20,781,980 11.18% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Martin
3g Keane 141,639,858 85.78% 23,485,006 14.22% 165,124,864 100.00% 20,695,755 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Hugh
3h McGuire 178,911,430 96.28% 6,908,580 3.72% 185,820,010 100.00% 609 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
John
3i Murphy 142,338,944 86.25% 22,698,339 13.75% 165,037,283 100.00% 20,783,336 11.18% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Patrick
3j Murphy 142,420,014 86.25% 22,703,339 13.75% 165,123,353 100.00% 20,697,266 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Brian
3k Phelan 177,949,001 96.26% 6,916,538 3.74% 184,865,539 100.00% 1,799 0.00% 184,867,338 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Eamon
3l Power 142,413,012 86.25% 22,710,341 13.75% 165,123,353 100.00% 20,697,266 11.14% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Siobhán
3m Talbot 179,061,460 96.37% 6,748,473 3.63% 185,809,933 100.00% 10,686 0.01% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Patrick
Coveney
(All
3n Shareholders) 185,453,068 99.75% 472,228 0.25% 185,925,296 100.00% 106,263 0.06% 186,031,559 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Patrick
Coveney
(Independent
3n Shareholders) 91,772,058 99.49% 472,228 0.51% 92,244,286 100.00% 106,263 0.12% 92,350,549 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Donard
Gaynor
(All
3o Shareholders) 185,506,026 99.78% 415,880 0.22% 185,921,906 100.00% 108,888 0.06% 186,030,794 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Donard
Gaynor
(Independent
3o Shareholders) 91,825,016 99.55% 415,880 0.45% 92,240,896 100.00% 108,888 0.12% 92,349,784 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Paul
Haran
(All
3p Shareholders) 178,685,781 98.85% 2,075,546 1.15% 180,761,327 100.00% 5,269,467 2.83% 186,030,794 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Paul
Haran
(Independent
3p Shareholders) 85,004,771 97.62% 2,075,546 2.38% 87,080,317 100.00% 5,269,467 5.71% 92,349,784 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Dan O'
Connor
(All
3q Shareholders) 185,615,589 99.79% 391,507 0.21% 186,007,096 100.00% 23,698 0.01% 186,030,794 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Dan O'
Connor
(Independent
3q Shareholders) 91,934,579 99.58% 391,507 0.42% 92,326,086 100.00% 23,698 0.03% 92,349,784 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To authorise
the Directors
to fix
the
remuneration
of the
Auditors
for the
2018
financial
4 year 185,800,653 99.99% 16,453 0.01% 185,817,106 100.00% 3,513 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To receive
and consider
the
Remuneration
Committee
report
for the
year
ended
30 December
2017
(excluding
the part
containing
the proposed
2018-2020
Directors'
Remuneration
5 policy) 184,212,654 99.14% 1,604,526 0.86% 185,817,180 100.00% 3,439 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
To receive
and consider
the proposed
2018-2020
Directors'
Remuneration
6 policy 185,508,946 99.83% 309,270 0.17% 185,818,216 100.00% 2,403 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Ordinary
resolution:
Authority
to allot
relevant
7 securities 185,736,306 99.96% 78,990 0.04% 185,815,296 100.00% 5,323 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Special
resolution:
Disapplication
of pre-emption
8 rights 185,730,271 99.95% 85,025 0.05% 185,815,296 100.00% 5,323 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Special
resolution:
Authority
to allot
on a
non-pre-emptive
basis
and for
cash
up to
a further
5% of
the issued
share
capital
in connection
with
an acquisition
or a
capital
9 investment. 185,676,966 99.93% 138,330 0.07% 185,815,296 100.00% 5,323 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Special
resolution:
Authorisation
to retain
the power
to hold
EGMs
on 14
days'
10 notice 180,093,876 96.92% 5,721,860 3.08% 185,815,736 100.00% 4,883 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Approval
to establish
the 2018
Long
Term
Incentive
11 Plan 185,427,625 99.79% 386,881 0.21% 185,814,506 100.00% 6,113 0.00% 185,820,619 100.00%
----------- ---------------- ---------------------------- -------- -------------------------------- ------- ------------- -------- ------------------------------- ------- ------------- --------
Resolutions
Resolution 1
To review the Company's affairs and receive and consider the Financial Statements for the year ended 30 December 2017 together with the reports of the Directors and the Auditors thereon.
Resolution 2
To declare a final dividend of 16.09 cent per share on the ordinary shares for the year ended 30 December 2017.
Resolution 3
By separate resolutions, to re-elect the following Directors who, in accordance with the provisions of the UK Corporate Governance Code, retire and, being eligible, offer themselves for re-election:
(a) Patsy Ahern
(b) Henry Corbally
(c) Mark Garvey
(d) Vincent Gorman
(e) Tom Grant
(f) Brendan Hayes
(g) Martin Keane
(h) Hugh McGuire
(i) John Murphy
(j) Patrick Murphy
(k) Brian Phelan
(l) Eamon Power
(m) Siobhán Talbot
(n) Patrick Coveney*
(o) Donard Gaynor*
(p) Paul Haran*
(q) Dan O'Connor*
* To be conducted by way of poll.
Michael Keane retired at the conclusion of the Annual General Meeting and accordingly did not offer himself for re-election.
Resolution 4
To authorise the Directors to fix the remuneration of the Auditors for the 2018 financial year.
Resolution 5
To receive and consider the Remuneration Committee report for the year ended 30 December 2017 (excluding the part containing the proposed 2018-2020 Directors' Remuneration Policy) which is set out on pages 80 to 105 of the Annual Report.
Resolution 6
To receive and consider the proposed 2018-2020 Director's Remuneration Policy, which is set out on pages 85 to 90 of the Annual Report.
As Special Business
Resolution 7 (Ordinary)
"That the Directors of the Company be and are hereby generally and unconditionally authorised to exercise all the powers of the Company, to allot relevant securities (within the meaning of Section 1021 of the Companies Act 2014) up to an amount equal to the authorised but as yet unissued share capital of the Company on the date of this resolution. The power hereby conferred shall expire at close of business on the earlier of the next Annual General Meeting or 24 July 2019 unless and to the extent that such power is renewed, revoked or extended prior to such date, save the Company may make before such expiry an offer or agreement which would or might require relevant securities to be allotted after such expiry, and the Directors may allot relevant securities in pursuance of such an offer or agreement as if the power conferred by this resolution had not expired."
Resolution 8 (Special)
"That subject to the passing of Resolution 7 in the Notice of this Meeting, the Directors of the Company are hereby empowered, pursuant to 1022 of the Companies Act 2014, to allot equity securities (as defined by Section 1023 of that Act) for cash pursuant to the authority conferred by the ordinary resolution of the Company passed as Resolution 7 in the Notice of this Meeting as if Section 1022 of that Act did not apply to any such allotment, provided that this power shall be limited to:
(a) the allotment of equity securities in connection with any rights issue or other pre-emptive issue in favour of ordinary shareholders (other than those holders with registered addresses outside the State to whom an offer would, in the opinion of the Directors, be impractical or unlawful in any jurisdiction) on the register of members at such record date as the Directors may determine where the equity securities respectively attributable to the interests of such ordinary shareholders are proportionate (as nearly as may be) to the respective numbers of ordinary shares held by them and subject to such exclusions or other arrangements as the Directors may deem necessary or expedient to deal with regulatory requirements, legal or practical problems in respect of overseas shareholders, fractional elements or otherwise; and
(b) the allotment of equity securities for cash (otherwise than under paragraph a above) together with all Treasury Shares (as contemplated in Section 1078 of the Companies Act 2014) re-issued while this authority remains operable shall not exceed an aggregate nominal value equal to 5% of the nominal value of the issued share capital of the Company as at the date of this resolution;
Provided that:
i. the power hereby conferred shall expire at the close of business on the earlier of the date on which the Annual General Meeting of the Company is held in the year 2019 and the date which is fifteen months after the date on which this resolution is passed or deemed to have been passed, unless and to the extent that such authority is renewed, revoked or extended prior to such date;
ii. the Company may make before such expiry an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of such an offer or agreement notwithstanding that the power hereby conferred has expired; and
iii. any power conferred on the Directors to allot equity securities in accordance with Section 1022 of that Act which is in force immediately before this resolution is passed or deemed to be passed is hereby revoked."
Resolution 9 (Special)
"That subject to the passing of Resolution 7 in the Notice of this Meeting, the Directors of the Company be and are hereby authorised to allot equity securities (as defined in the Companies Act 2014) for cash under the authority given by that resolution as if section 1022 of the Companies Act 2014 did not apply to any such allotment, provided that this authority shall be limited:
a. to circumstances where the proceeds of any such allotment are to be used only for the purposes of financing (or re-financing, if the authority is to be used within six months after the original transaction) a transaction which the Directors determine to be an acquisition or other capital investment of a kind contemplated by the Statement of Principles on Dis-applying Pre-emption Rights most recently published by the Pre-Emption Group prior to the date of this Notice; and so that the sum of the nominal value of all allotments made pursuant to this authority and all Treasury Shares (as contemplated in Section 1078 of the Companies Act 2014) reissued while this authority remains operable shall not exceed an aggregate nominal amount equal to 5% of the nominal value of the issued share capital of the Company as at the date of this resolution.
This authority shall expire at the end of the next Annual General Meeting of the Company or, if earlier, at the close of business on 24 July 2019 but, in each case, prior to its expiry the Company may make offers, and enter into agreements, which would, or might, require equity securities to be allotted after the authority expires and the Board may allot equity securities under any such offer or agreement as if the authority had not expired."
Resolution 10 (Special)
"That it is hereby resolved that the provision in Article 54(a) allowing for the convening of an Extraordinary General Meeting by at least fourteen Clear Days' notice (where such meetings are not convened for the passing of a special resolution) shall continue to be effective."
Resolution 11 (Ordinary)
"That approval be and is hereby given for the establishment by the Company of the Glanbia plc 2018 Long Term Incentive Plan (the "2018 LTIP"), the principal features of which are summarised in the circular to shareholders dated 16 March 2018 that accompanies the Notice convening this Meeting, the rules of which are contained in the document produced to the Meeting and initialled by the Chairman of the Meeting for the purpose of identification; and that the Directors be and are hereby authorised to take all such action or steps (including the making of minor amendments to the 2018 LTIP and the rules thereof as may be necessary) to implement or give effect to the 2018 LTIP."
25 April 2018
For further information contact:
Michael Horan, Group Secretary
Tel: 056 7772200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 25, 2018 11:32 ET (15:32 GMT)
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