SIG PLC Result of AGM (7209N)

TIDMSHI

RNS Number : 7209N

SIG PLC

10 May 2018

10 May 2018

SIG plc

("SIG" or the "Company")

Results of Annual General Meeting ("AGM")

LEI: 213800VDC1BKJEZ8PV53

SIG announces that Resolutions 1 to 10 and 12 to 17 contained in the Notice of Annual General Meeting dated 4 April 2018 previously circulated to shareholders were duly passed by way of a show of hands at the Annual General Meeting ("AGM") of the Company held earlier today. Resolution 11 was defeated by way of a poll.

A breakdown of the proxy votes lodged prior to the AGM for each resolution are set out below:-

 
 
 Resolution                                  For         Against      Withheld 
--------------------------------------  ------------  ------------  ----------- 
 1. To receive the financial 
  statements                             271,269,028   232,436,879    1,411,555 
--------------------------------------  ------------  ------------  ----------- 
 2. To approve the Annual Statement 
  by the Chair of the Remuneration 
  Committee and the Directors' 
  Report on Remuneration                 456,590,411    10,396,427   38,130,624 
--------------------------------------  ------------  ------------  ----------- 
 3. To declare a final dividend          449,197,247    55,551,476      368,740 
--------------------------------------  ------------  ------------  ----------- 
 4. To elect Mr A Allner                 441,991,280    58,541,519    4,584,662 
--------------------------------------  ------------  ------------  ----------- 
 5. To re-elect A Abt                    452,098,424    52,640,136      378,902 
--------------------------------------  ------------  ------------  ----------- 
 6. To re-elect J E Ashdown              452,038,435    52,701,737      370,290 
--------------------------------------  ------------  ------------  ----------- 
 7. To re-elect I B Duncan               472,324,036    28,438,790    4,354,636 
--------------------------------------  ------------  ------------  ----------- 
 8. To re-elect M Ewell                  450,723,310    54,017,657      373,495 
--------------------------------------  ------------  ------------  ----------- 
 9. To re-elect N W Maddock              503,402,881     1,333,658      380,924 
--------------------------------------  ------------  ------------  ----------- 
 10. To re-elect M Oldersma              501,968,585     2,773,883      374,995 
--------------------------------------  ------------  ------------  ----------- 
 11. To re-appoint Deloitte LLP 
  as Auditor                             108,962,143   395,827,122      371,198 
--------------------------------------  ------------  ------------  ----------- 
 12. To authorise the Audit Committee 
  of the Board to determine the 
  Auditors' remuneration                 503,323,009     1,423,432      371,021 
--------------------------------------  ------------  ------------  ----------- 
 13. To authorise the Directors 
  to allot shares in the Company 
  or grant rights to subscribe 
  for or convert any security 
  into shares in the Company             487,402,397    17,713,231        1,835 
--------------------------------------  ------------  ------------  ----------- 
 14. To empower the Directors 
  to allot equity securities for 
  cash                                   495,863,775     9,248,773        4,915 
--------------------------------------  ------------  ------------  ----------- 
 15. To empower the Directors 
  to allot equity securities for 
  cash (further 5%)                      458,151,232    46,961,315        4,915 
--------------------------------------  ------------  ------------  ----------- 
 16. To renew the authority for 
  the Company to purchase its 
  own shares                             469,601,008    35,127,916      388,538 
--------------------------------------  ------------  ------------  ----------- 
 17. To call general meetings 
  on not less than 14 clear days' 
  notice                                 478,828,769    25,907,612      381,082 
--------------------------------------  ------------  ------------  ----------- 
 

Notes

1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2. A "vote withheld" is not a vote in law and is not counted in the calculation proportion of the votes "for" or "against" a resolution.

3. In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

4. A copy of the poll results for the Annual General Meeting is also available on the SIG plc website at www.sigplc.com.

5. Issued share capital as at 10 May 2018 is 591,548,235 ordinary shares of 10 pence each in the capital of the Company.

In relation to today's AGM, the Board recognises that there has been a vote against Resolution 11 (re-appointment of the external auditors) and a substantial number of votes cast against Resolution 1 (approval of the Annual Report and Accounts). The Board takes the views of shareholders extremely seriously, and takes this opportunity to inform shareholders that it is committed to carrying out an EU Audit Regulation compliant audit tender for the role of external auditor, as soon as practicable. The Board intends to consult with shareholders over coming weeks on the timing of that audit tender process and the resulting appointment of a new auditor.

In the meantime, Deloitte LLP will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 December 2017.

Enquiries:

 
 
 SIG plc 
 Meinie Oldersma, Chief Executive    [phone] 
  Officer                             6300 
 Nick Maddock, Chief Financial       [phone] 
  Officer                             6300 
 
   FTI Consulting 
                                     + 44 (0) 20 3727 
 Richard Mountain / Nick Hasell       1340 
 
 
   Jefferies Hoare Govett 
                                     [phone] 
 Chris Dickinson / Paul Nicholls      8000 
 
 
   Peel Hunt LLP 
                                     [phone] 
 Justin Jones / Charles Batten        8900 
 
 
 
 
 
 
 
 
 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 10, 2018 11:14 ET (15:14 GMT)