Lamprell plc Result of AGM 2019 (6701Z)

TIDMLAM

RNS Number : 6701Z

Lamprell plc

21 May 2019

21 May 2019

LAMPRELL PLC

("Lamprell" or the "Company", and with its subsidiaries the "Group")

RESULTS OF 2019 AGM

At the Annual General Meeting of the Company held at 10.00AM (local time) yesterday at the Jumeirah Emirates Tower, Sheikh Zayed Road, Dubai, United Arab Emirates, all the resolutions set out in the Notice of Annual General Meeting ("AGM Notice") published by the Company on 18 April 2019 were duly passed.

Voting on all resolutions was by way of a show of hands. Voting on resolutions 9, 11 and 13 was by Independent Shareholders (as defined in the AGM Notice) only.

FINAL PROXY VOTING TOTALS

Details of the final proxy votes received in respect of the resolutions proposed at the Annual General Meeting are as follows:

 
 Resolution                                             TOTAL SHARES 
     no                     Business                        VOTED         FOR/ DISCRETION      AGAINST       WITHHELD 
              Ordinary Business 
              To receive and adopt the Company's 
               financial statements together 
               with the reports of the directors 
               and auditors for the period ending 
     1         31 December 2018                         302,524,279         300,869,603       1,654,676        131 
              To approve the Directors' 
              Remuneration 
              Policy report included in the 
     2        2018 Annual Report and Accounts           302,324,279         300,010,198       2,314,081      200,131 
              To approve the Directors' annual 
               report on remuneration for the 
               year ended 31 December 2018 included 
               in the 2018 Annual Report and 
     3         Accounts                                 302,324,278         251,935,645       50,388,633     200,131 
              To elect John Malcolm as a director 
     4         of the Company                           302,523,878         300,308,253       2,215,625        532 
              To elect Christopher McDonald 
     5         as a director of the Company             302,523,878         301,053,997       1,469,881        532 
              To elect Antony Wright as a director 
     6         of the Company                           302,523,878         300,268,218       2,255,660        532 
              To elect Nicholas Garrett as a 
     7         director of the Company                  302,523,878         300,307,997       2,215,881        532 
              To elect James Dewar as a director 
     8         of the Company                           302,523,878         297,899,924       4,623,954        532 
              To elect James Dewar as a director 
              of the Company (Independent 
              Shareholder 
     9        vote)                                     189,341,587         184,717,377       4,624,210        532 
              To elect Debra Valentine as a 
     10        director of the Company                  302,523,877         289,699,083       12,824,794       532 
              To elect Debra Valentine as a 
               director of the Company (Independent 
     11        Shareholder vote)                        189,341,586         176,516,792       12,824,794       532 
              To elect Mel Fitzgerald as a director 
     12        of the Company                           302,523,878         296,433,923       6,089,955        532 
     13       To elect Mel Fitzgerald as a director     189,341,587         183,251,888       6,089,699        532 
              of the Company (Independent 
              Shareholder 
              vote) 
              To appoint Deloitte LLP, Isle 
     14        of Man, as auditors of the Company       302,523,878         302,519,998         3,880          532 
              To authorise the Audit & Risk 
               Committee to fix the auditors' 
               remuneration on behalf of the 
     15        Board                                    302,523,878         302,519,998         3,880          532 
              Special Business 
              To authorise the directors to 
               allot shares pursuant to Article 
               5.1 of the Company's Articles 
     16        of Association                           302,522,960         302,518,824         4,136         1,450 
              To disapply the pre-emption rights 
               pursuant to article 5.2 of the 
     17        Company's Articles of Association        302,522,210         302,507,824         14,386        1,450 
              To authorise the Company to make 
               market purchases of its ordinary 
     18        shares                                   302,523,492         300,867,685       1,655,807        918 
 
 
 

Notes to proxy voting totals table:

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'FOR' total.

2. A 'VOTE WITHHELD' is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution and is not included in the total proxy votes received for each resolution.

3. Number of ordinary shares of 5 pence each in issue at meeting date: 341,726,570.

4. The Controlling Shareholder (as defined in the AGM Notice) was not eligible to vote on resolutions 9, 11 and 13. The Controlling Shareholder holds a total of 113,182,291 Ordinary Shares, equating to 33.12% of the issued ordinary share capital with voting rights.

** These votes reflect the results of the poll taken during the meeting, rather than the proxy votes received.

Copies of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/nsm.

- Ends -

Enquiries:

 
 Lamprell plc Alex Ridout, Company Secretary       [phone] 
   Maria Babkina, Investor Relations    [phone] 
 Tulchan Communications, London 
  Martin Robinson                    [phone] 
  Martin Pengelley 
   Harry Cameron 
 

Notes to editors

Lamprell PLC, based in the United Arab Emirates ("UAE") and with over 40 years' experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.

Lamprell employs around 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group's facilities cover approximately 812,000 m2 with 1.6 km of quayside.

Lamprell is listed on the London Stock Exchange (symbol "LAM").

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May 21, 2019 03:03 ET (07:03 GMT)