Low & Bonar PLC Result of AGM (3450C)

TIDMLWB

RNS Number : 3450C

Low & Bonar PLC

12 April 2017

12 April 2017

Low & Bonar PLC

Results of 2017 Annual General Meeting

At the Annual General Meeting of Low & Bonar PLC (the "Company") held at The Royal Institution of Great Britain, 21 Albemarle Street, London, W1S 4BS on Wednesday 12 April 2017 all the resolutions proposed were passed on a show of hands.

The proxy votes received for each resolution were as follows:

 
 Resolution                  Votes for               Votes against         Discretional        Total 
                                                                            Votes               Votes 
                                                                                                Cast 
                                                                                                (excl. 
                                                                                                Votes 
                                                                                                Witheld) 
--------------------------  ----------------------  --------------------  ------------------  ------------ 
                             No. of        % of      No. of      % of      No. of    % of      % of 
                              shares        shares    shares      shares    shares    shares    issued 
                                            voted                 voted               voted     share 
                                                                                                capital 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To receive 
        the annual 
        report 
 1      and accounts         213,825,463    99.94      1,400      0.00     129,424    0.06     213,956,287 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To approve 
        the Directors' 
        Remuneration 
 2      Policy               211,845,762    99.08    1,840,017    0.86     133,294    0.06     213,819,073 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To approve 
        the Directors' 
        Remuneration 
 3      Report               213,585,104    99.88     127,426     0.06     129,924    0.06     213,842,454 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To declare 
        a final 
        dividend 
        of 2.0p 
        per ordinary 
 4      share                213,830,500    99.94      1,800      0.00     126,987    0.06     213,959,287 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To elect 
 5      Mike Powell          213,479,292    99.78     301,025     0.14     160,044    0.08     213,940,361 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
        Martin 
 6      Flower               213,458,712    99.77     328,641     0.15     160,444    0.08     213,947,797 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
 7      Brett Simpson        212,844,947    99.48     940,946     0.44     162,594    0.08     213,948,487 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
 8      Steve Hannam         210,034,160    98.18    3,736,283    1.75     162,594    0.07     213,933,037 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
 9      Mike Holt            212,485,083    99.32    1,284,720    0.60     162,544    0.08     213,932,047 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
 10     Kevin Matthews       211,932,293    99.07    1,838,025    0.86     156,799    0.07     213,927,117 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To re-elect 
 11     Trudy Schoolenberg   213,465,668    99.78     301,625     0.14     159,824    0.08     213,927,117 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To reappoint 
        KPMG LLP 
        as auditor 
        of the 
 12     Company              210,910,363    98.58    2,897,528    1.35     135,112    0.07     213,943,003 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To authorise 
        the directors 
        to determine 
        the auditor's 
 13     remuneration         213,662,905    99.87     138,427     0.06     135,924    0.07     213,937,256 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To authorise 
        the directors 
        to allot 
        securities 
        pursuant 
        to section 
        560 of 
        the Companies 
 14     Act 2006             213,466,218    99.81     274,772     0.13     137,049    0.06     213,878,039 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To empower 
        the directors 
        to allot 
        equity 
        securities 
        as though 
        section 
        561 (1) 
        of the 
        Companies 
        Act 2006 
        did not 
        apply to 
 15*    such allotment       213,396,119    99.79     314,320     0.15     130,174    0.06     213,840,613 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       In addition 
        to any 
        power given 
        to them 
        pursuant 
        to resolution 
        15, to 
        empower 
        the directors 
        to allot 
        equity 
        securities 
        as though 
        section 
        561 (1) 
        of the 
        Companies 
        Act 2006 
        did not 
        apply to 
 16*    such allotment       213,298,578    99.72     466,861     0.22     130,174    0.06     213,895,613 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
       To allow 
        general 
        meetings 
        to be called 
        on not 
        less than 
        14 clear 
 17*    days' notice         211,878,951    99.05    1,900,200    0.89     131,424    0.06     213,910,575 
----  --------------------  ------------  --------  ----------  --------  --------  --------  ------------ 
 

*Special resolution (75% majority required).

** A vote withheld is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution.

There were 329,369,565 ordinary shares in issue as at 6:00pm on 10 April 2017 (the time by which shareholders who wanted to attend, speak and vote at the Annual General Meeting were entered on the register of members).

In accordance with Listing Rule 9.6.3R, a copy of the resolutions passed as Special Business at the AGM have been submitted to the National Storage Mechanism and will be available in due course for viewing at http://www.morningstar.co.uk/uk/NSM

In the Notice of Meeting it was indicated that John Sheldrick intended to resign and it is confirmed that he ceased to be a Non-executive Director at the conclusion of the AGM.

For further information, please contact:

Low & Bonar PLC

   Jeremy Rhodes, Company Secretary                          020 7535 3180 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 12, 2017 07:20 ET (11:20 GMT)