Renishaw PLC Result of AGM (6395A)

TIDMRSW

RNS Number : 6395A

Renishaw PLC

30 September 2020

Renishaw plc (the "Company")

Results of Annual General Meeting 2020

All resolutions proposed at the Annual General Meeting ("AGM") held on 30 September 2020 were duly passed on a poll. Resolutions 1 to 14 were passed as ordinary resolutions and resolution 15 was passed as a special resolution. The result of the poll is as follows:

 
           Resolution                Votes        %        Votes        %        Votes        % of         Votes 
                                       For                 Against                Total       ISC(1)     Withheld(2) 
                                                                                              Voted 
                                                                                               Excl 
                                                                                             Withheld 
 1. Receive the reports 
  of directors and financial 
  statements                       62,891,203   97.97%    1,304,416    2.03%   64,195,619      88.19%        789,455 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 2. Approve the remuneration 
  policy                           59,462,931   92.78%    4,627,677    7.22%   64,090,608      88.05%        894,466 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 3. Approve the remuneration 
  report                           63,588,672   97.87%    1,382,462    2.13%   64,971,134      89.26%         13,940 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 4. Increase the maximum 
  fees that may be paid 
  to directors                     64,757,638   99.70%      195,381    0.30%   64,953,019      89.24%         32,056 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 5. Re-elect David McMurtry 
  as a director                    48,369,245   75.02%   16,108,356   24.98%   64,477,601      88.58%        507,474 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 6. Re-elect John Deer 
  as a director                    48,836,597   75.68%   15,690,503   24.32%   64,527,100      88.65%        457,974 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 7. Re-elect Will Lee 
  as a director                    64,668,224   99.60%      258,593    0.40%   64,926,817      89.20%         58,258 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 8. Re-elect Allen Roberts 
  as a director                    64,439,420   99.34%      426,405    0.66%   64,865,825      89.12%         58,258 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 9. Re-elect Carol Chesney 
  as a director                    63,151,639   97.27%    1,775,755    2.73%   64,927,394      89.20%         57,681 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 10. Re-elect Catherine 
  Glickman as a director           60,953,034   95.18%    3,088,454    4.82%   64,041,488      87.98%        943,586 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 11. Re-elect David Grant 
  as a director                    62,461,782   97.53%    1,581,142    2.47%   64,042,924      87.98%        942,151 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 12. Re-elect John Jeans 
  as a director                    63,346,534   97.57%    1,579,783    2.43%   64,926,317      89.20%         58,758 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 13. Re-appoint Ernst 
  & Young LLP as auditors          64,920,028   99.98%       15,410    0.02%   64,935,438      89.21%         49,637 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 14. Authorise the audit 
  committee to determine 
  the auditors' remuneration       64,974,436   99.99%        8,270    0.01%   64,982,706      89.28%          2,369 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 15. Authorise the Company 
  to purchase its own shares(3)    64,635,360   99.47%      343,928    0.53%   64,979,288      89.27%          5,786 
                                  -----------  -------  -----------  -------  -----------  ----------  ------------- 
 

(1) Issued Share Capital.

(2) A vote withheld is not a vote in law and is not counted towards votes cast "For" or "Against" a resolution.

(3) Special resolution requiring 75% majority.

 
 Votes of independent shareholders on the resolutions concerning 
  the election or re-election of the independent Non-executive Directors 
------------------------------------------------------------------------------------------------------ 
 9. Re-elect Carol Chesney 
  as a director               24,698,380   93.29%   1,775,755    6.71%   26,474,135   77.10%    57,681 
                             -----------  -------  ----------  -------  -----------  -------  -------- 
 10. Re-elect Catherine 
  Glickman as a director      22,499,775   87.93%   3,088,454   12.07%   25,588,229   74.52%   943,586 
                             -----------  -------  ----------  -------  -----------  -------  -------- 
 11. Re-elect David Grant 
  as a director               24,008,523   93.82%   1,581,142    6.18%   25,589,665   74.53%   942,151 
                             -----------  -------  ----------  -------  -----------  -------  -------- 
 12. Re-elect John Jeans 
  as a director               24,893,275   94.03%   1,579,783    5.97%   26,473,058   77.10%    58,758 
                             -----------  -------  ----------  -------  -----------  -------  -------- 
 

In accordance with Listing Rule 9.2.2E, resolutions 9 to 12 inclusive were approved by: (a) the shareholders of the Company; and (b) the independent shareholders of the Company.

The total voting rights of the Company on the day on which shareholders had to be on the register in order to be eligible to vote was 72,788,543.

In accordance with Listing Rule 9.6.2R, a copy of resolution 15, which was passed as a special resolution, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

At the 2020 AGM, the Board was again pleased that the majority of resolutions were passed with a high level of support from shareholders. The Board has considered the votes against resolutions 5, the re-election of Sir David McMurtry (24.98%) and 6, the re-election of John Deer (24.32%). In order to better understand the reasons for these votes against, the Board has considered the views of shareholders and proxy voting agencies as to voting and voting recommendations respectively (where these had been made available to the Company for the 2020 AGM, including through engagement with the General Counsel and Company Secretary or through the year via the Senior Independent Director). The Board will continue to engage with shareholders to understand their views on this and any other significant matters at AGMs and the annual Investor Days, which include Q&A sessions with the Board. There are also Q&A sessions with the Executive Chairman, Chief Executive and Group Finance Director as part of the full and half-year results webcasts.

Renishaw plc

30 September 2020

 
 Registered office:    New Mills, Wotton-under-Edge, Gloucestershire, GL12 8JR 
 Registered number:    01106260, England and Wales 
 LEI:                  21380048ADXM6Z67CT18 
 Contact name:         Jacqueline Conway 
 Contact telephone:    [phone] 
 

www.renishaw.com

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September 30, 2020 09:39 ET (13:39 GMT)