Premier Foods plc Result of AGM (0660V)

TIDMPFD TIDMIRSH

RNS Number : 0660V

Premier Foods plc

18 July 2018

18 July 2018

Premier Foods plc (the "Company")

Result of Annual General Meeting 2018

Following the Annual General Meeting held earlier today, the Board of Premier Foods plc reports that the results of the poll are set out in the table below.

Keith Hamill, Chairman, said:

"A majority of shareholders who voted followed the Board's advice in supporting the re-election of Gavin Darby, CEO, to the Board of the company, and the Board appreciates their support."

"Over recent weeks we have had discussions with a substantial proportion of the major shareholders, which has included listening to the concerns expressed by those whose support we have still to earn. The Board will give careful consideration to all shareholders' views. Discussions with shareholders will continue, including matters arising from voting at the AGM."

"The Board is committed to continuing its strategy of improving performance and reducing net debt, while working in parallel to identify other strategic opportunities to accelerate the Company's turnaround to create value for shareholders."

 
 Resolution                  For         %       Against       %     Total cast     % of    Votes withheld* 
                                                                                     ISC 
                                                                                    voted 
 1. To receive 
  the 2017/18 
  annual report.         603,784,656   99.95     306,758     0.05    604,091,414   71.84%     52,191,131 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 2. To approve 
  the Directors' 
  Remuneration 
  Report.                451,896,084   74.77   152,454,204   25.23   604,350,288   71.87%     51,932,255 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 3. To elect 
  Keith Hamill 
  as a director.         448,737,595   74.22   155,851,186   25.78   604,588,781   71.90%     51,693,764 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 4. To elect 
  Shinji Honda 
  as a director.         450,009,323   74.43   154,579,761   25.57   604,589,084   71.90%     51,693,461 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 5. To re-elect 
  Gavin Darby 
  as a director.         387,069,708   59.01   268,879,080   40.99   655,948,788   78.01%       335,915 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 6. To re-elect 
  Richard Hodgson 
  as a director.         455,225,800   75.29   149,395,142   24.71   604,620,942   71.90%     51,661,603 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 7. To re-elect 
  Ian Krieger 
  as a director.         452,118,103   74.78   152,462,113   25.22   604,580,216   71.90%     51,702,329 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 8. To re-elect 
  Jennifer Laing 
  as a director.         455,627,253   75.37   148,858,779   24.63   604,486,032   71.89%     51,796,671 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 9. To re-elect 
  Alastair Murray 
  as a director.         594,928,015   98.40    9,684,262    1.60    604,612,277   71.90%     51,663,268 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 10. To re-elect 
  Pam Powell 
  as a director.         455,773,017   75.38   148,839,738   24.62   604,612,755   71.90%     51,669,790 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 11. To re-appoint 
  KPMG LLP as 
  auditor.               457,039,677   75.66   147,003,858   24.34   604,043,535   71.84%     52,239,167 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 12. To approve 
  the remuneration 
  of the auditor.        456,864,998   75.60   147,417,133   24.40   604,282,131   71.86%     52,000,414 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 13. To approve 
  the authority 
  to make political 
  donations.             456,824,958   75.60   147,444,874   24.40   604,269,832   71.86%     52,012,713 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 14. To approve 
  the authority 
  to allot shares.       411,647,787   68.11   192,710,560   31.89   604,358,347   71.87%     51,924,198 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 15. To renew 
  the authority 
  to disapply 
  pre-emption 
  rights.                414,413,795   68.58   189,860,746   31.42   604,274,541   71.86%     52,008,004 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 16. To renew 
  the authority 
  to disapply 
  pre-emption 
  rights for 
  an acquisition 
  or a specified 
  capital investment.    413,988,694   68.52   190,211,381   31.48   604,200,075   71.85%     52,082,469 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 17. To approve 
  the notice 
  period for 
  general meetings.      399,495,164   66.12   204,745,861   33.88   604,241,025   71.86%     52,041,520 
                        ------------  ------  ------------  ------  ------------  -------  ---------------- 
 

*A vote withheld is not counted as a vote in law and therefore is not counted in the % of votes "for" or "against" a resolution.

The total number of shares in issue as at 16 July 2018 was 840,868,583 ordinary shares of 10p each.

In accordance with Listing Rule 9.6.2 copies of the resolutions in respect of the special business approved at the AGM will shortly be available for inspection on the UK Listing Authority's National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.

Ends

For further information, please contact:

 
 Investors and analysts: 
 Alastair Murray, Chief Financial Officer    [phone] 
 Richard Godden, Director of Investor 
  Relations & Treasury                       [phone] 
 

Media:

 
 Maitland           [phone] 
 Neil Bennett 
 Clinton Manning 
 Joanna Davidson 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGRPMJTMBIBBLP

(END) Dow Jones Newswires

July 18, 2018 09:50 ET (13:50 GMT)