Rotork PLC Result of AGM (4486M)

TIDMROR

RNS Number : 4486M

Rotork PLC

27 April 2018

Rotork plc

AGM Poll Result and Statement on the result of resolution 12 - Remuneration Report and copies of resolutions sent to National Storage Mechanism

Rotork Plc - AGM - 27 April 2018 - Poll Result

 
        Resolution                For (2)              Against(2)           No. of         Total 
                                                                             Votes        Capital 
                                                                          withheld(3)    Instructed 
-------------------------  ---------------------  --------------------  -------------  ------------ 
                              No. of        %        No. of        % 
                               Shares                 Shares 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To receive 
         and adopt 
         the Directors' 
         Report 
         and Accounts 
         and the 
         Auditor's 
         Report 
         thereon 
  1.     for 2017           678,578,626   99.92      511,090     0.08       41,160        78.01% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To declare 
         a final 
  2.     dividend           679,126,946   100.00        0        0.00       3,930         78.02% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-elect 
         GB Bullard 
  3.     as a director      632,202,951   93.09    46,903,955    6.91       13,930        78.02% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-elect 
         JM Davis 
  4.     as a director      676,009,323   99.56     2,987,009    0.44       10,930        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-elect 
         SA James 
  5.     as a director      674,865,909   99.40     4,058,637    0.60       7,930         77.99% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-elect 
         MJ Lamb 
  6.     as a director      650,001,049   98.94     6,958,053    1.06     22,048,160      75.47% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-elect 
         LM Bell 
  7.     as a director      674,937,695   99.40     4,058,637    0.60       10,930        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To elect 
         KG Hostetler 
  8.     as a director      665,471,439   98.01    13,502,013    1.99       33,810        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To elect 
         PG Dilnot 
  9.     as a director      675,944,027   99.56     2,970,290    0.44       16,480        77.99% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To re-appoint 
         Deloitte 
         LLP as 
         Auditor 
         of the 
  10.    Company            678,386,427   99.91      590,625     0.09       14,660        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To authorise 
         the directors 
         to fix 
         the remuneration 
         of the 
  11.    Auditor            678,881,692   99.98      118,869     0.02       5,851         78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To approve 
         the Directors' 
         Remuneration 
  12.    Report             486,539,655   71.66    192,436,697   28.34     107,374        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To authorise 
         the directors 
         to allot 
  13.    shares             649,115,447   95.58    30,010,548    4.42       4,841         78.02% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To enable 
         the directors 
         to allot 
         shares 
         for cash 
         without 
         first 
         offering 
         them to 
         existing 
         shareholders 
         for pre-emptive 
         issues 
         and general 
  14.    purposes*          671,924,283   98.96     7,068,039    1.04       4,940         78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To enable 
         the directors 
         to allot 
         shares 
         for cash 
         without 
         first 
         offering 
         them to 
         existing 
         shareholders 
         for acquisitions 
         and other 
         capital 
  15.    investments*       655,339,318   96.52    23,657,073    3.48       47,690        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To authorise 
         the Company 
         to purchase 
         ordinary 
  16.    shares*            672,243,028   99.02     6,664,044    0.98       44,430        77.99% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To authorise 
         the Company 
         to purchase 
         preference 
  17.    shares*            660,422,420   97.26    18,586,412    2.74       64,564        78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
        To fix 
         the notice 
         period 
         for general 
  18.    meetings*          599,083,930   88.23    79,889,072    11.77      3,930         78.00% 
-----  ------------------  ------------  -------  ------------  ------  -------------  ------------ 
 

*Special Resolution

NOTES:

   1   All resolutions were passed. 
   2   Votes "For" and "Against" are expressed as a percentage of votes received. 

3 A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

4 Total number of shares in issue at 6:30pm on 25 April 2018 = 870,471,954 shares. Over 75% of voting capital was instructed.

Resolution 12 Remuneration Report

Although the resolution was duly passed, the Board of directors of Rotork plc recognises that a significantly minority of shareholders (28.34%) voted against the resolution to approve the Remuneration Report. This follows a similar level of dissent expressed by shareholders on the same resolution last year. The Board welcomes an open and ongoing dialogue with shareholders and will continue to actively engage with shareholders to discuss their concerns.

Special Business - Copies of Resolutions

Copies of the following:

   --     Ordinary resolution to authorise the directors to allot shares 
   --     Special resolutions to: 

- Empower the directors to allot shares for cash without first offering to existing shareholders for pre-emptive issues for general purposes

- Empower the directors to allot shares for cash without first offering to existing shareholders for pre-emptive issues for acquisitions and other capital investments

- Authorise the Company to purchase ordinary shares

- Authorise the Company to purchase preference shares

- Fix the notice period for general meetings

being resolutions (other than resolutions concerning ordinary business) passed by the Company at its AGM on 27 April 2018, have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.

Copies are also available from the Company Secretary, Rotork Plc, Rotork House, Brassmill Lane, Bath, BA1 3JQ

Full details of the poll results for all resolutions are detailed below and can be found at:

http://www.rotork.com/investors/index/agm

Enquiries:

 
FTI Consulting                          Tel: + 44 (0)20 3727 1340 
Nick Hasell / Susanne Yule 
Rotork plc                              Tel: [phone] 
Stephen Jones, Company Secretary 
Jonathan Davis, Finance Director 
Sarah Matthews-DeMers, Director of Strategy and Investor Relations 
 
 

27 April 2018

This information is provided by RNS

The company news service from the London Stock Exchange

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April 27, 2018 10:41 ET (14:41 GMT)