Morgan Advanced Materials PLC Result of AGM (6982Y)

TIDMMGAM

RNS Number : 6982Y

Morgan Advanced Materials PLC

10 May 2019

Morgan Advanced Materials plc

RESULTS OF ANNUAL GENERAL MEETING

Morgan Advanced Materials plc confirms that all resolutions set out in the notice of its 2019 Annual General Meeting were duly passed by the requisite number of shareholders on a poll, at the meeting held on 10 May 2019.

The poll results of each resolution are set out below. The number of the Company's Ordinary shares carrying the right to vote at the meeting was 285,369,988. Each share carried one vote.

The Board notes the outcome of the shareholder vote to re-elect Laurence Mulliez as a director and acknowledges the concerns which have been expressed regarding the number of board appointments currently held by Laurence. Although Laurence's contribution to Morgan Advanced Materials plc has not been affected by her other commitments, Laurence has indicated her intention to review her portfolio.

 
Resolution                   Votes For             Votes Against       Votes Withheld    Total Votes      % of total 
                            (see note 1)            (see note 1)          (see note          Cast         issued share 
                                                                             2)         (excl. withheld     capital 
                                                                                            votes)        voted (excl. 
                                                                                                            withheld 
                                                                                                             votes) 
                       Number of   % of total  Number of   % of total 
                         shares       voted      shares       voted 
                      -----------  ----------  ----------  ---------- 
1. To receive the 
 audited accounts 
 and 
 the Auditor's and 
 Directors' Reports 
 for 
 the year ended 31 
 December 2018        236,048,694      100.00      10,134        0.00         149,532       236,058,828         82.72% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
2. To approve the 
 Directors' 
 Remuneration 
 Report (other than 
 the part containing 
 the Directors' 
 Remuneration 
 Policy) for 
 the year ended 31 
 December 2018        227,114,852       96.19   8,995,225        3.81          98,283       236,110,077         82.74% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
3. To approve the 
 Directors' 
 Remuneration 
 Policy (as 
 contained in the 
 Directors' 
 Remuneration Report 
 for the year ended 
 31 December 2018)    229,419,016       97.17   6,688,632        2.83         100,712       236,107,648         82.74% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
4. To declare a 
 final dividend of 
 7.0 pence 
 per Ordinary share   236,194,111      100.00       8,134        0.00           6,115       236,202,245         82.77% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
5. To re-elect Jane 
 Aikman as a 
 Director             234,354,786       99.30   1,656,410        0.70         197,164       236,011,196         82.70% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
6. To re-elect Helen 
 Bunch as a Director  234,348,876       99.30   1,656,422        0.70         203,062       236,005,298         82.70% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
7. To re-elect 
 Douglas Caster as a 
 Director             234,088,701       99.19   1,921,652        0.81         198,007       236,010,353         82.70% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
8. To re-elect 
 Laurence Mulliez as 
 a Director           193,890,732       84.46  35,671,521       15.54       6,646,107       229,562,253         80.44% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
9. To re-elect Pete 
 Raby as a Director   234,367,978       99.31   1,636,477        0.69         203,905       236,004,455         82.70% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
10. To elect Peter 
 Turner as a 
 Director             234,287,376       99.27   1,719,079        0.73         201,905       236,006,455         82.70% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
11. To reappoint 
 KPMG LLP as Auditor 
 of 
 the Company          224,910,439       95.29  11,107,479        4.71         190,442       236,017,918         82.71% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
12. To authorise the 
 Audit Committee to 
 determine the 
 Auditor's 
 remuneration         232,353,420       98.38   3,837,620        1.62          17,320       236,191,040         82.77% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
13. To authorise the 
 Company and its 
 subsidiaries 
 to make political 
 donations            233,488,057       98.87   2,668,025        1.13          52,278       236,156,082         82.75% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
14. To authorise the 
 Directors to allot 
 shares               231,137,382       97.86   5,058,988        2.14          11,990       236,196,370         82.77% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
15.* To empower the 
 Directors to 
 generally 
 disapply 
 pre-emption rights   235,767,359       99.83     413,160        0.17          27,841       236,180,519         82.76% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
16. * To empower the 
 Directors to 
 disapply 
 pre-emption rights 
 in connection with 
 acquisitions 
 or capital 
 investments          209,318,942       88.63  26,860,577       11.37          28,841       236,179,519         82.76% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
17. * To authorise 
 the Company to 
 purchase 
 its own Ordinary 
 shares               229,661,654       97.25   6,501,977        2.75          44,729       236,163,631         82.76% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
18.* To enable the 
 Company to convene 
 a 
 general meeting 
 (other than AGMs) 
 on at 
 least 14 days' 
 notice               229,430,382       97.14   6,753,600        2.86          24,378       236,183,982         82.76% 
                      -----------  ----------  ----------  ----------  --------------  ----------------  ------------- 
 

In accordance with Listing Rule 9.6.2, copies of the resolutions passed by Morgan Advanced Materials plc shareholders concerning items other than ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Notes:

1. Votes "for" and "against" are expressed as a percentage of votes received. Votes "for" include those at the Chairman's discretion.

2. Votes "withheld" are not votes in law and, therefore, have not been included in the calculation of the proportion of votes "for" or "against" a resolution.

   *     Indicates special resolution. 

Enquiries: Stephanie Mackie, Company Secretary

Telephone: [phone]

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May 10, 2019 07:14 ET (11:14 GMT)