Tyman PLC Result of AGM (5797Y)

TIDMTYMN

RNS Number : 5797Y

Tyman PLC

09 May 2019

TYMAN PLC

("Tyman" or the "Group")

Result of Annual General Meeting

Tyman, a leading international supplier of engineered components to the door and window industry, is pleased to announce all resolutions put to its Annual General Meeting held earlier today, 9 May 2019, were duly passed on a show of hands.

The full text of each resolution is contained in the 2019 Notice of Annual General Meeting, which is available on the Tyman plc website.

A poll was not taken on any of the resolutions proposed, however, details of the proxy votes received in respect of each of the resolutions are set out below:

 
           Resolution            In Favour         Discretion         Against          Withheld 
                                  Votes    %age   Votes   %age        Votes    %age        Votes 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To receive 
        and adopt 
        the 2018 
 1.     Annual Report       162,952,432   99.98   3,928   0.01       11,378    0.01            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To declare 
        a final 
        dividend 
        of 8.25 
        pence per 
        Ordinary 
 2.     share               162,963,811   99.99   3,928   0.01            0       0            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To approve 
        the Directors' 
        remuneration 
 3.     report              156,326,772   95.92   5,164   0.01    6,635,803    4.07            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To re-elect 
 4.     Martin Towers       155,479,877   95.40   3,928   0.01    7,483,934    4.59            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To re-elect 
 5.     Pamela Bingham      162,198,360   99.52   3,928   0.01      765,451    0.47            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
 6.    To re-elect                    -       -       -      -            -       -            - 
        James Brotherton 
        - Resolution 
        withdrawn 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To re-elect 
 7.     Helen Clatworthy    162,198,360   99.52   3,928   0.01      765,451    0.47            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To elect 
 8.     Jo Hallas           162,729,633   99.85   3,928   0.01      234,178    0.14            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To re-elect 
 9.     Mark Rollins        162,198,360   99.52   3,928   0.01      765,451    0.47            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To re-appoint 
 10.    PwC as auditors     162,960,990   99.98   3,928   0.01        2,821    0.01            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the Directors' 
        to set the 
        auditors' 
 11.    remuneration        162,962,411   99.98   3,928   0.01        1,400    0.01            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To permit 
        the Company 
        to make 
        political 
 12.    donations           140,184,458   99.61   4,774   0.01      528,893    0.38   22,249,614 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the Directors 
        to allot 
        securities 
        up to an 
        aggregate 
        amount of 
 13.    GBP6,534,554        162,270,959   99.57   4,774   0.01      692,006    0.42            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the Directors 
        to allot 
        securities 
        free from 
        pre-emption 
        rights, 
        subject 
        to certain 
 14.    limitations         151,910,447   93.21   3,928   0.01   11,052,454    6.78          910 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To disapply 
        statutory 
        pre-emption 
        rights in 
        relation 
        with acquisitions 
        and certain 
        capital 
 15.    investments         145,869,305   89.50   4,774   0.01   17,092,750   10.49          910 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the Company 
        to purchase 
        its own 
 16.    shares              162,640,743   99.98   4,774   0.01        4,501    0.01      317,721 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the issue 
        of Bonus 
        Shares to 
 17.    all Shareholders    162,960,731   99.98   3,928   0.01        3,080    0.01            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the cancellation 
        of Bonus 
        Shares and 
        reduction 
        of share 
 18.    premium             162,959,885   99.98   3,982   0.01        3,926    0.01            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
 19.   To adopt                       -       -       -      -            -       -            - 
        new articles 
        of association 
        of the Company 
        - Resolution 
        withdrawn 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
       To authorise 
        the calling 
        of general 
        meetings 
        on not less 
        than 14 
 20.    days' notice        135,483,100   83.13   3,928   0.01   27,480,711   16.86            0 
      -------------------  ------------  ------  ------  -----  -----------  ------  ----------- 
 

Resolution 19

Following consultations with shareholders, in particular concerning the proposed removal of the borrowing limit from the Articles of Association, the Company today announced that it no longer intended to seek shareholders' approval for the Proposal at this year's AGM and that the existing Articles shall continue in force.

The withdrawal of this item of business does not affect the validity of the remainder of the resolutions passed at the Annual General Meeting.

Notes:

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

2. The number of 5 pence Ordinary shares in issue (excluding shares held in Treasury) on 9 May 2019 was 196,232,876. Shareholders are entitled to one vote per share.

3. The total votes cast and votes withheld lodged as a percentage of Tyman plc's issued share capital (excluding shares held in Treasury) was 83.05%.

9 May 2019

Enquiries:

 
Tyman plc                                     020 7976 8000 
Carolyn Gibson - Group Company Secretary   www.tymanplc.com 
 

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May 09, 2019 12:36 ET (16:36 GMT)