Lamprell plc Results of 2018 AGM (9917O)

TIDMLAM

RNS Number : 9917O

Lamprell plc

23 May 2018

23 May 2018

LAMPRELL PLC

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

RESULTS OF 2018 AGM

At the Annual General Meeting of the Company held at 10.00AM (local time) yesterday at 7th Floor, 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 23 April 2018 were duly passed.

Voting on all resolutions was by way of a show of hands. Voting on resolutions 8, 10 and 12 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         FOR/ 
     no                    Business                     VOTED          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 2017                      277,563,208       277,563,208         0          1,846,528 
              To approve the Directors' 
               annual report on remuneration 
               for the year ended 31 
               December 2017 included 
               in the 2017 Annual Report 
     2         and Accounts                          279,408,478       204,758,392     74,650,086       1,259 
              To elect John Malcolm 
     3         as a director of the Company          279,409,073       273,475,322     5,933,751         663 
              To elect Christopher McDonald 
     4         as a director of the Company          279,409,336       276,366,654     3,042,682         401 
              To elect Antony Wright 
     5         as a director of the Company          279,409,074       275,208,489     4,200,585         663 
              To elect Nicholas Garrett 
     6         as a director of the Company          279,409,336       274,539,666     4,869,670         401 
              To elect James Dewar as 
     7         a director of the Company             279,409,336       279,405,850       3,486           401 
              To elect James Dewar as 
               a director of the Company 
               (Independent Shareholder 
     8         vote)                                 166,219,945       166,216,721       3,224           401 
              To elect Debra Valentine 
     9         as a director of the Company          279,409,073       269,239,204     10,169,869        663 
              To elect Debra Valentine 
               as a director of the Company 
               (Independent Shareholder 
     10        vote)                                 166,227,045       164,127,692     2,099,353         401 
              To elect Mel Fitzgerald 
     11        as a director of the Company          279,409,335       272,307,560     7,101,775         401 
              To elect Mel Fitzgerald 
               as a director of the Company 
               (Independent Shareholder 
     12        vote)                                 166,227,044       162,246,148     3,980,896         401 
              To appoint Deloitte LLP, 
               Isle of Man, as auditors 
     13        of the Company                        279,408,227       279,406,659       1,568          1,510 
              To authorise the directors 
     14        to fix the auditors' remuneration     279,407,473       279,405,905       1,568          2,264 
              Special Business 
              To authorise the directors 
               to allot shares pursuant 
               to Article 5.1 of the 
               Company's Articles of 
     15        Association                           279,408,582       279,404,784       3,798          1,155 
              To disapply the pre-emption 
               rights pursuant to article 
               5.2 of the Company's Articles 
     16        of Association                        279,408,582       279,396,784       11,798         1,155 
              To authorise the Company 
               to make market purchases 
     17        of its ordinary shares                279,408,982       276,729,442     2,679,540         754 
 
 
 

Our 2017 Directors' annual report on remuneration has been approved by shareholders with 73.3% of votes cast in favour of the resolution. While the Board is disappointed not to have received a higher level of support for the resolution given the report's conformity with our existing remuneration policy, we understand the specific concern raised by our shareholders and we will continue to actively engage with them on executive remuneration and other issues.

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 8, 10 and 12. 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           [phone] 
 Tulchan Communications, London 
  Martin Robinson         [phone] 
  Martin Pengelley 
 

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END

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May 23, 2018 03:15 ET (07:15 GMT)