TI Fluid Systems PLC Results of Annual General Meeting 2018 (4268O)

TIDMTIFS

RNS Number : 4268O

TI Fluid Systems PLC

17 May 2018

17 May 2018

TI Fluid Systems plc

(the "Company")

Results of Annual General Meeting 2018 ("AGM")

The Company announces the results of the AGM held today at 10:00am on Thursday 17 May 2018.

All resolutions put to the meeting were approved by votes on a show of hands. The proxy position of each resolution at the close of books at 9.30am on 15 May 2018 is set out in the table below.

 
      RESOLUTION            FOR         %       AGAINST        %          VOTES        VOTES       VOTES 
                                        FOR                  AGAINST      TOTAL         CAST      WITHELD 
                                        OF                     OF                        AS 
                                       VOTES                  VOTES                   % ISSUED 
                                       CAST                   CAST                     SHARE 
                                                                                      CAPITAL 
                                                                                       VOTED 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Annual 
       report 
 1     and accounts     482,780,415   99.86     652,716       0.14     483,433,131    93.07%      343,540 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Directors' 
       remuneration 
 2     report           465,833,256   96.36    17,605,974     3.64     483,439,230    93.07%      337,440 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Directors' 
       remuneration 
 3     policy           424,188,516   87.68    59,588,154    12.32     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Declaration 
       of final 
 4     dividend         483,776,671   100.00       0          0.00     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Manfred 
       Wennemer 
       as a 
 5     director         462,657,740   95.85    20,018,051     4.15     482,675,791    92.93%     1,100,879 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of William 
       L. Kozyra 
       as a 
 6     director         483,646,671   99.97     130,000       0.03     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Timothy 
       Knutson 
       as a 
 7     director         483,646,671   99.97     130,000       0.03     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Neil 
       Carson 
       as a 
 8     director         449,281,510   92.87    34,495,160     7.13     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Paul 
       Edgerley 
       as a 
 9     director         456,213,863   94.30    27,562,807     5.70     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of John 
       Smith 
       as a 
 10    director         451,775,968   93.39    32,000,703     6.61     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Stephen 
       Thomas 
       as a 
 11    director         458,618,364   94.80    25,158,306     5.20     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-election 
       of Jeffrey 
       Vanneste 
       as a 
 12    director         451,709,039   93.37    32,067,631     6.63     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Re-appointment 
 13    of auditor       483,669,602   99.98     107,068       0.02     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Auditors' 
 14    remuneration     483,774,671   100.00     2,000        0.00     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Directors' 
       authority 
       to allot 
 15    shares           465,794,252   96.28    17,982,419     3.72     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Disapplication 
       of pre-emption 
       rights 
 16    *                483,774,671   100.00       0          0.00     483,774,671    93.14%       2,000 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Further 
       disapplication 
       of pre-emption 
       rights 
 17    *                483,647,602   99.97     127,068       0.03     483,774,670    93.14%       2,000 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Authority 
       to purchase 
       shares 
 18    *                482,521,108   99.74    1,255,562      0.26     483,776,670    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Political 
       donations 
 19    or expenditure   477,482,416   98.71    6,260,398      1.29     483,742,814    93.13%      33,856 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
      Notice 
       of general 
       meeting 
 20    *                483,405,011   99.92     371,660       0.08     483,776,671    93.14%         0 
---  ----------------  ------------  -------  -----------  ---------  ------------  ----------  ---------- 
 

* Special resolutions

Votes excluding controlling shareholders on the resolutions concerning the re-election of the Independent Non-Executive Directors

 
      Re-election 
       of Manfred 
       Wennemer 
 5     as a director   120,353,755   85.74   20,018,051   14.26   140,371,806   79.26%   1,100,879 
---  ---------------  ------------  ------  -----------  ------  ------------  -------  ---------- 
      Re-election 
       of Neil 
       Carson as 
 8     a director      106,977,525   75.62   34,495,160   24.38   141,472,685   79.88%       0 
---  ---------------  ------------  ------  -----------  ------  ------------  -------  ---------- 
      Re-election 
       of John 
       Smith as 
 10    a director      109,471,983   77.38   32,000,703   22.62   141,472,686   79.88%       0 
---  ---------------  ------------  ------  -----------  ------  ------------  -------  ---------- 
      Re-election 
       of Jeffrey 
       Vanneste 
 12    as a director   109,405,054   77.33   32,067,631   22.67   141,472,685   79.88%       0 
---  ---------------  ------------  ------  -----------  ------  ------------  -------  ---------- 
 

Notes

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

   2.      The total number of ordinary shares in issue at 15 May 2018 was 519,412,226. 

3. Total ordinary shares held by shareholders excluding the controlling shareholder at 15 May 2018 was 177,108,241.

   4.      A 'Vote Withheld' is not counted towards the votes cast 'For' or 'Against' a resolution. 

A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

 
 Enquiries: 
 
 TI Fluid Systems plc 
 Alpna Amar 
 Investor Relations      [phone] 
 
 FTI Consulting          [phone] 
 Richard Mountain 
 Nick Hasell 
 
 Matthew Paroly 
 Company Secretary       [phone] 
 

About TI Fluid Systems plc

TI Fluid Systems (LSE: TIFS) is a leading global manufacturer of fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 118 locations across 28 countries serving all major global OEMs.

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May 17, 2018 05:53 ET (09:53 GMT)