Rotork PLC Result of AGM (9275X)

TIDMROR

RNS Number : 9275X

Rotork PLC

28 April 2023

28 April 2023

Rotork Plc

('the Company' or 'Rotork')

2023 Annual General Meeting - Poll Results and Chair Accession

The Company's 2023 Annual General Meeting ('AGM') was held today in the Brunel Suite at the Bailbrook House Hotel, Eveleigh Avenue, London Road West, Bath, BA1 7JD. All resolutions, as set out in the Notice of AGM dated 23 March 2023 and put to the meeting, were decided on by a poll and were passed.

Resolutions 1 to 17 were each passed as an ordinary resolution and resolutions 18 to 22 were each passed as a special resolution.

The following table summarises the final poll result for each resolution:

 
                                    For (2)                Against(2) 
--------------------------                                                  --------------------  -------------------- 
        Resolution           No. of Shares     %      No. of Shares    %        No. of Votes          Total Capital 
                                                                                 withheld(3)           Instructed 
                            --------------  -------  --------------  -----  --------------------  -------------------- 
        To receive the 
        2022 Annual Report 
        and audited 
  1.    accounts              697,003,548    99.99       89,076       0.01         730,325               80.98% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  2.    To declare a final    697,491,835    99.95       325,527      0.05          5,587                81.06% 
        dividend of 4.30p 
        per ordinary share 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  3.    To approve the        683,772,096    98.04     13,640,012     1.96         410,841               81.01% 
        Directors' 
        Remuneration 
        Policy 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  4.    To approve the        679,150,943    97.82     15,105,911     2.18        3,566,095              80.65% 
        Directors' 
        Remuneration 
        Report 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect AC 
        Andersen as a 
  5.    director              683,725,512    97.99     14,006,632     2.01         90,805                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect TR 
        Cobbold as a 
  6.    director              696,121,217    99.77      1,612,171     0.23         89,561                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect JM 
        Davis as a 
  7.    director              694,529,087    99.54      3,207,301     0.46         86,561                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect PG 
        Dilnot as a 
  8.    director              697,542,079    99.97       185,065      0.03         95,805                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect KT 
        Huynh as a 
  9.    director              697,542,687    99.97       190,701      0.03         89,561                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  10.   To re-elect KFS       696,160,217    99.77      1,571,927     0.23         90,805                81.05% 
        Meurk-Harvey as a 
        director 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To re-elect JE 
        Stipp as a 
  11.   director              696,160,067    99.77      1,572,077     0.23         90,805                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        To elect DC 
        Thompson as a 
  12.   director              694,644,862    99.56      3,091,526     0.44         86,561                81.05% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  13.   To re-appoint         695,529,824    99.96       262,081      0.04        2,031,044              80.83% 
        Deloitte LLP as 
        Auditor of the 
        Company 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  14.   To authorise the      697,585,124    99.97       176,076      0.03         61,749                81.05% 
        Audit Committee to 
        determine 
        Auditor's 
        remuneration 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        Authority to make 
        political 
  15.   donations             678,601,495     97.30    18,854,367     2.70         384,587               81.02% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  16.   Authority for the     669,569,243    95.97     28,113,341     4.03         77,575                81.04% 
        directors to allot 
        shares 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  17.   Authority to adopt    697,060,025    99.92       588,374      0.08         111,760               81.04% 
        new rules of the 
        Rotork Sharesave 
        Scheme 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  18.   General authority     687,510,138    98.59      9,836,044     1.41         413,977               81.01% 
        to dis-apply 
        pre-emption 
        rights* 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  19.   Authority to          685,672,334    98.33     11,673,848     1.67         413,977               81.01% 
        dis-apply 
        pre-emption rights 
        for acquisitions / 
        capital 
        investments* 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  20.   Authority to          695,236,140    99.69      2,128,354     0.31         395,665               81.01% 
        purchase own 
        ordinary shares* 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
  21.   Authority to          695,493,808    99.73      1,866,082     0.27   400,269                     81.01% 
        purchase own 
        preference shares* 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
        Notice period for 
  22.   general meetings*     640,784,329    92.10     54,953,704     7.90        2,022,126              80.82% 
       -------------------  --------------  -------  --------------  -----  --------------------  -------------------- 
 

*Passed as a special resolution

The Board of Rotork plc is pleased to note that all resolutions were passed at today's AGM and we welcome the substantial support of the Company's shareholders for all the resolutions proposed.

Pursuant to Listing Rule 9.6.11(3), the Company is pleased to confirm that Dorothy Thompson, CBE acceded to the role of Chair at the conclusion of today's AGM. Dorothy succeeds Martin Lamb who has stepped down as Chairman and as a director today after nearly nine years on the Board. Dorothy's appointment as Non-executive Director and Chair Designate was announced on 1 December 2022 (RNS Number: 1581I).

Notes:

1. The total votes cast in favour of each resolution include those giving the Chairman discretion.

2. Votes "For" and "Against" are expressed as a percentage of votes received with percentages rounded to two decimal places.

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. The total number of ordinary 0.5p shares in issue on 28 April 2023 was 860,859,793 with no shares being held in treasury. The total number of voting rights in respect of these ordinary shares was 860,859,793 with each ordinary share having one vote.

5. In accordance with Listing Rule 9.6.2, a copy of all resolutions passed by the Company, other than those resolutions concerning ordinary business, will be submitted to the UK Listing Authority and made available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

6. A copy of this announcement has been posted on the Company's website at www.rotork.com/investors/index/agm .

   7.    Legal Entity Identifier: 213800AH5RZIHGWRJ718 
 
 Enquiries: 
 Rotork plc                           Tel: [phone] 
 Stuart Pain, Group General Counsel 
  & Company Secretary 
  Andrew Carter, Investor Relations 
  Director 
 
 FTI Consulting 
 Nick Hasell/Susanne Yule             Tel: + 44 (0)20 3727 1340 
 
 

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April 28, 2023 10:22 ET (14:22 GMT)