TT Electronics PLC Results of AGM and Directorate Change (1539M)

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RNS Number : 1539M

TT Electronics PLC

06 May 2020

6 May 2020

TT Electronics plc

("the Company")

Annual General Meeting Results & Directorate Change

The Company announces that Neil Carson stepped down as a director of the Company from the close of the Company's Annual General Meeting (AGM) held on 6 May 2020. Neil's intention to step down was previously announced in December 2019. Warren Tucker was appointed as a director of the Company on 2 April 2020 and became Chairman of the Board at the close of the AGM, following the announcement made on 3 April 2020.

The Company is also pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 10.00 am on 6 May 2020 were duly passed.

A poll was conducted on resolutions 1- 21, with the exception of resolutions 4 and 6 which were withdrawn. The results of the poll were as follows.

 
 RESOLUTION                    VOTES FOR (including     VOTES AGAINST       % of issued      VOTES WITHHELD** 
                                discretionary)                               share capital 
                                                                             voted 
                               NUMBER          %        NUMBER      % 
                              --------------  -------  ----------  ------ 
 1. Receive Annual 
  report and accounts          132,121,907     99.96%   50,244      0.04%   80.56%           15,175 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 2. Remuneration 
  report                       124,542,291     97.28%   3,486,914   2.72%   78.03%           4,158,121 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 3. Remuneration 
  Policy                       109,271,441     91.89%   9,642,007   8.11%   72.48%           13,273,878 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 4. Resolution withdrawn* 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 5. Elect Anne Thorburn        132,109,998     99.97%   42,089      0.03%   80.55%           35,240 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 6. Resolution withdrawn* 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 7. Re-elect Richard 
  Tyson                        132,113,148     99.97%   40,858      0.03%   80.55%           33,321 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 8. Re-elect Mark 
  Hoad                         131,978,071     99.87%   175,935     0.13%   80.55%           33,321 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 9. Re-elect Stephen 
  King                         132,119,998     99.97%   39,029      0.03%   80.55%           28,300 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 10. Re-elect Jack 
  Boyer                        132,119,777     99.97%   40,300      0.03%   80.55%           27,250 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 11. Re-elect Alison 
  Wood                         128,045,977     99.96%   46,984      0.04%   78.07%           4,094,366 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 12. Appoint Deloitte 
  LLP as Auditor               132,120,308     99.95%   59,714      0.05%   80.56%           7,305 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 13. Auditors' remuneration    132,123,296     99.97%   36,943      0.03%   80.55%           27,088 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 14. Authority to 
  allot shares                 126,230,228     95.52%   5,922,011   4.48%   80.55%           35,088 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 15. Approve Deferred 
  Share Bonus Plan             128,653,985     97.36%   3,486,314   2.64%   80.54%           47,027 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 16. Approve Sharesave 
  Scheme                       132,059,592     99.95%   64,163      0.05%   80.53%           63,572 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 17. Approve USA 
  Employee Stock 
  Purchase Plan                131,950,475     99.95%   72,418      0.05%   80.47%           164,434 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 18. Authority to 
  disapply pre-emption 
  rights (1)***                131,845,308     99.85%   196,586     0.15%   80.48%           145,433 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 19. Authority to 
  disapply pre-emption 
  rights (2)***                128,480,880     97.29%   3,574,913   2.71%   80.49%           131,533 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 20. Purchase of 
  own shares***                128,565,632     97.34%   3,506,551   2.66%   80.50%           115,143 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 21. Notice of general 
  meetings***                  131,252,055     99.32%   893,597     0.68%   80.54%           41,675 
                              --------------  -------  ----------  ------  ---------------  ----------------- 
 

* Resolution 4 (to pay a final dividend) and Resolution 6 (to re-elect Neil Carson as a director) were withdrawn and so were not put to the meeting.

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

*** Special resolution.

An additional ordinary resolution was put to the meeting as Resolution 22, to elect Warren Tucker as a director. This resolution was passed on a show of hands. Warren joined the Board on 2 April 2020, after the Notice of Annual General Meeting had been posted to shareholders. Warren will stand for re-election by shareholders at the 2021 Annual General Meeting.

In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

L D Boardman

Group Company Secretary

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May 06, 2020 08:07 ET (12:07 GMT)