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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lamprell Plc | LSE:LAM | London | Ordinary Share | GB00B1CL5249 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.88 | 8.78 | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLAM
RNS Number : 4835Y
Lamprell plc
06 September 2022
6 September 2022
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
RESULTS OF 2022 AGM
The Company held its 2022 Annual General Meeting today at 5.00PM local time, at the Lamprell Hamriyah offices in Sharjah, United Arab Emirates. Meeting attendance was reduced to the minimum necessary quorum of shareholders, facilitated by the Company.
All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. Resolutions 6, 7, 12 and 13 were not put to the meeting as they related to the appointment of Non-Executive Directors that had stepped down from the Board since publication of the Notice of Annual General Meeting. All other resolutions set out in the Notice of Annual General Meeting were passed by the requisite majority except for Resolution 2, further details of which are set out below.
Each of the resolutions put to the Annual General Meeting was voted on by way of a poll and the results are set out below:
Resolution Resolution TOTAL SHARES FOR/ DISCRETION % AGAINST % WITHHELD no VOTED Ordinary Business 2021 Report and 1 Accounts 275,879,439 275,858,086 99.9 21,353 <0.1 1,685,233 Approve the 2021 Annual Report 2 on Remuneration 52,862,579 6,403,161 12.1 46,459,418 87.9 224,702,093 Re-elect John Malcolm as a director of the 3 Company 277,520,636 274,819,605 99.0 2,701,031 1.0 44,036 Re-elect Christopher McDonald as a director of the 4 Company 277,520,636 277,455,045 99.9 65,591 <0.1 44,036 Re-elect Antony Wright as a director 277, 46 5 of the Company 0,636 277,394,789 99.9 65,847 <0.1 104,036 Re-elect Debra Valentine as a director of 8 the Company 277,520,636 254,120,131 91.6 23,400,505 8.4 44,036 Re-elect Debra Valentine as a director of the Company (Independent 9 Shareholder vote) 158,088,345 152,194,665 96.3 5,893,680 3.7 44,036 Re-elect Mel Fitzgerald as a director of 1o the Company 275,869,840 258,567,027 93.7 17,302,813 6.3 1,694,832 Re-elect Mel Fitzgerald as a director of the Company (Independent 11 Shareholder vote) 156,437,549 154,517,449 98.8 1,920,100 1.2 1,694,832 Re-appoint Deloitte LLP as auditors 14 of the Company 277,531,235 275,858,133 99.4 1,673,102 0.6 33,437 Authorise the Audit & Risk Committee to fix the auditors' 15 remuneration 277,530,235 277,513,813 99.9 16,422 <0.1 34,437 Special Business Authorise the directors to allot shares pursuant to Article 16 5.1 277,531,035 277,400,646 99.9 130,389 <0.1 33,637 Pre-emption rights pursuant to Article 17 5.2 277,531,035 274,684,429 99.0 2,846,606 1.0 33,637 Directors' authority to make market purchases of its 18 own shares 173,068,688 171,370,867 99.0 1,697,821 1.0 104,495,984
Resolution 2 - Directors' Remuneration Report 2021
The Board thanks those shareholders voting for their support at the 2022 AGM. We note, however, that a majority of shareholders voting did not approve resolution 2 (Approve the Directors' Remuneration Report for 2021). This vote (as in past years) was a voluntary and non-binding resolution.
The Board will reflect on the implications of this vote but notes that shareholders are being asked to approve the delisting of the Company and its re-registration as a private company at an Extraordinary General Meeting to be held on 26 September 2022.
Notes:
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: 412,817,636.
4. The Controlling Shareholder (as defined in the AGM Notice) was not eligible to vote on resolutions 9 and 11. Voting on resolutions 9 and 11 was by Independent Shareholders (as defined in the AGM Notice) only. The Controlling Shareholder holds a total of 119,432,291 Ordinary Shares, equating to 28.9% of the issued ordinary share capital with voting rights.
5. Copies of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
- Ends -
Enquiries:
Lamprell plc Maria Babkina, Investor Relations +44 (0) 7852 618 046 Tulchan Communications, London +44 (0) 207 353 4200 Martin Robinson Martin Pengelley
Notes to editors
Lamprell is a leading provider of services to the international energy sector. Driving strategy and growth through its Renewables, Oil & Gas and Digital business units, underpinned by almost half a century of expertise, the Group has worked hard to establish its reputation for delivering projects safely, on time and to budget.
The Group has firmly established its international credentials in the renewables sector as well as continuing to build on its traditional oil and gas credentials. We are recognised for building complex offshore and onshore process modules and platforms, fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, in the UAE. Combined, the Group's facilities cover approximately 800,000m2 with over 1.5 km of quayside. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Lamprell is listed on the London Stock Exchange (symbol "LAM")."
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END
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(END) Dow Jones Newswires
September 06, 2022 09:53 ET (13:53 GMT)
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