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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ricardo Plc | LSE:RCDO | London | Ordinary Share | GB0007370074 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-10.00 | -2.02% | 486.00 | 485.00 | 494.00 | 492.00 | 486.00 | 492.00 | 16,939 | 15:12:41 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Vehicle Part,accessory | 446M | -5.4M | -0.0868 | -56.11 | 308.6M |
TIDMRCDO
RNS Number : 1044S
Ricardo PLC
11 November 2021
Ricardo plc
Result of AGM
11 November 2021
Ricardo plc - Results of Annual General Meeting
Ricardo plc announces that all resolutions proposed at its Annual General Meeting held on 11 November 2021 were duly passed.
Details of the proxy voting instructions, lodged prior to the meeting, are set out below:
Resolution For % Discretion % Against % Withheld To receive and adopt the 2021 1 Report and Accounts 43,901,762 99.98 232 0.01 2,466 0.01 0 2 To approve the final dividend 43,902,796 99.98 232 0.01 1,401 0.01 31 To re-appoint KPMG LLP as 3 auditors 43,897,821 99.98 232 0.01 5,807 0.01 600 To authorise Audit Committee 4 to determine Auditor remuneration 43,894,689 99.97 232 0.01 8,939 0.02 600 To elect Graham Ritchie as 5 a director 43,881,164 99.95 6,232 0.01 16,233 0.04 831 To re-elect Russell King as 6 a director 43,235,223 98.48 6,232 0.01 662,174 1.51 831 To re-elect Jack Boyer as 7 a director 43,238,413 98.49 6,232 0.01 656,484 1.50 3,331 To re-elect William Spencer 8 as a director 43,235,123 98.49 6,232 0.01 658,945 1.50 4,160 To re-elect Sir Terry Morgan 9 as a director 43,232,609 98.48 6,232 0.01 661,088 1.51 4,531 To re-elect Ian Gibson as 10 a director 43,887,670 99.97 6,232 0.01 9,727 0.02 831 To re-elect Laurie Bowen as 11 a director 42,671,168 97.20 6,232 0.01 1,223,728 2.79 3,332 To re-elect Malin Persson 12 as a director 37,977,575 86.51 6,232 0.01 5,917,322 13.48 3,331 To approve the Directors' 13 Remuneration Report 28,346,318 64.56 232 0.01 15,550,653 35.43 7,257 To approve the Ricardo 2021 14 Deferred Bonus Plan 43,855,410 99.93 232 0.01 26,981 0.06 21,837 To grant the directors authority 15 to allot relevant securities 33,977,733 77.77 232 0.01 9,704,306 22.22 222,189 To approve the disapplication 16 of pre-emption rights 34,000,375 77.83 232 0.01 9,681,779 22.16 222,074 To authorise the Company to make market purchases of ordinary 17 shares 43,878,744 99.93 232 0.01 24,384 0.06 1,100 To approve notice period for 18 certain general meetings 43,763,237 99.67 232 0.01 140,007 0.32 984
A vote withheld is not a vote in law and is not counted in the calculation of proportion of votes "For" or "Against" a resolution.
The total number of ordinary shares in issue as at 9 November 2021 was 62,218,280, of these 43,904,460 including votes withheld (70.56%) were voted.
The Board has taken careful note that 35.43 per cent of the votes were cast against Resolution 13, the Directors' Remuneration Report. The Chair of the Remuneration Committee engaged with our largest shareholders before the 2021 Annual General Meeting to reiterate the reasons given in the Directors' Remuneration Report for the leaving arrangements of Ricardo's former Chief Executive Officer and will talk again with shareholders to understand fully their reasons for voting against the Resolution.
In addition, the Board has noted 22.22 per cent and 22.16 per cent of the votes were cast against Resolutions 15 and 16 respectively relating to the authority to allot shares and the disapplication of pre-emption rights. The Chief Financial Officer engaged with our largest shareholders before the 2021 Annual General Meeting to reiterate the reasons given in the Annual Report for the equity raise conducted in November 2020 and will talk again with shareholders to understand fully their reasons for voting against these Resolutions.
In accordance with Listing Rule 9.6.2R, a copy of the resolutions, other than those concerning ordinary business, passed by the Company at the AGM held on 11 November 2021, has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
The Ricardo plc LEI number is 213800ZNYAY35F4XB814
For further information contact:
The Company Secretary, Patricia Ryan 01273 794776
.
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END
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(END) Dow Jones Newswires
November 11, 2021 05:35 ET (10:35 GMT)
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