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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vedanta | LSE:VED | London | Ordinary Share | GB0033277061 | ORD USD0.10 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 832.60 | 834.80 | 835.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMVED
RNS Number : 9726N
Vedanta Resources PLC
14 August 2017
14 August 2017
Vedanta Resources plc
("the Company")
Result of 2017 Annual General Meeting
Vedanta Resources plc (the 'Company') announces that at its Annual General Meeting held today, all the resolutions put to shareholders were duly passed on a poll.
Full details of the resolutions passed, together with explanatory notes, are set out in the Notice of 2017 Annual General Meeting which is available on the Company's website at www.vedantaresources.com/agm.
Hot Features
Premium
Type For Against Total Votes
of resolution votes withheld(1)
cast
------------------ ---------------- --------------------- ------------------ ------------ ------- -------------
Resolution Special/ No. of % No. % No. % of No.
(Full Ordinary votes of of votes ISC of votes
text of votes voted
resolutions
is set
out in
the Notice
of Annual
General
Meeting)
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
1. To
receive
the 2017
Report
and Accounts Ordinary 230,833,881 99.51 1,126,581 0.49 231,960,462 85.85% 312,697
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
2. To
approve
the Directors'
Remuneration
Policy Ordinary 230,551,064 99.26 1,720,063 0.74 232,271,127 85.97% 2,032
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
3. To
approve
the Directors'
Remuneration
Report Ordinary 221,944,178 95.55 10,328,880 4.45 232,273,058 85.97% 1,100
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
4. To
approve
the final
dividend Ordinary 232,272,121 100.00 2,035 0.00 232,274,156 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
5. To
elect
Edward
Story
as a Director Ordinary 232,267,947 100.00 6,209 0.00 232,274,156 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
6. To
re-elect
Anil Agarwal
as a Director Ordinary 230,214,055 99.11 2,060,104 0.89 232,274,159 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
7. To
re-elect
Navin
Agarwal
as a Director Ordinary 232,121,186 99.93 152,974 0.07 232,274,160 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
8. To
re-elect
Tom Albanese
as a Director Ordinary 228,796,110 99.89 241,385 0.11 229,037,495 84.77% 3,236,665
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
9. To
re-elect
Ekaterina
Zotova Ordinary 232,068,236 99.91 205,920 0.09 232,274,156 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
10. To
re-elect
Deepak
Parekh
as a Director Ordinary 211,968,236 91.52 19,641,879 8.48 231,610,115 85.72% 664,040
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
11. To
re-elect
Geoffrey
Green
as a Director Ordinary 230,645,581 99.30 1,624,630 0.70 232,270,211 85.97% 3,944
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
12. To
re-elect
Ravi Rajagopal
as a Director Ordinary 232,115,903 99.93 154,308 0.07 232,270,211 85.97% 3,944
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
13. To
appoint
Ernst
& Young
LLP as
auditors Ordinary 231,226,153 100.00 9,040 0.00 231,235,193 85.58% 1,038,961
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
14. To
authorise
the Directors
to agree
the auditors'
remuneration Ordinary 232,267,177 100.00 5,839 0.00 232,273,016 85.97% 1,140
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
15. To
authorise
the Directors
to allot
shares Ordinary 232,253,938 99.99 19,968 0.01 232,273,906 85.97% 250
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
16. To
disapply
pre-emption
rights Special 232,251,087 99.99 21,969 0.01 232,273,056 85.97% 1,100
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
17. To
authorise
the Directors
to dissapply
pre-emption
rights
for acquisitons
or other
capital
investments Special 230,874,727 99.40 1,392,691 0.60 232,267,418 85.96% 6,737
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
18. To
authorise
the Company
to make
market
purchases
of own
shares Special 231,186,648 99.53 1,086,706 0.47 232,273,354 85.97% 801
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
19. To
authorise
a general
meeting
to be
called
on not
less than
14 days'
notice Special 230,470,807 99.22 1,803,348 0.78 232,274,155 85.97% 0
------------------ ---------------- ------------ ------- ----------- ----- ------------ ------- -------------
The votes cast on resolutions 5 and 9-12, relating to the election or re-election of the independent Non-Executive Directors, have been calculated separately. These resolutions were duly passed by a majority of votes cast by Independent Shareholders.
Type For Against Total Votes
of votes withheld(1)
resolution cast
----------------- ------------- ------------------- ------------------- ----------- ------------- -------------
Resolution Special/ No. % No. % No. % of No.
(Full text Ordinary of votes of votes of votes ISC of votes
of resolutions voted
is set excluding
out in controlling
the Notice shareholder
of Annual interest
General
Meeting)
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
4. To elect
Edward
Story as
a Director Ordinary 44,298,964 99.99 6,209 0.01 44,305,173 53.89% 0
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
9. To re-elect
Ekaterina
Zotova
as a Director Ordinary 44,099,253 99.54 205,920 0.46 44,305,173 53.89% 0
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
10. To
re-elect
Deepak
Parekh
as a Director Ordinary 23,999,253 54.99 19,641,879 45.01 43,641,132 53.08% 664,040
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
11. To
re-elect
Geoffrey
Green as
a Director Ordinary 42,676,598 96.33 1,624,630 3.67 44,301,228 53.88% 3,944
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
12. To
re-elect
Ravi Rajagopal
as a Director Ordinary 44,146,920 99.65 154,308 0.35 44,301,228 53.88% 3,944
----------------- ------------- ----------- ------ ----------- ------ ----------- ------------- -------------
A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.
The Board noes that resolution 10 in respect of the re-election of independent Non-Executive Director, Mr Deepak Parekh, was passed with the requisite majority of all shareholders (including shareholders independent of the controlling shareholder interests), but acknowledges that there were a significant number of votes from those independent shareholders opposing Mr Parekh's re-appointment . The Annual Report sets out the steps which the Board took to assess the effectiveness of the Board including the performance and independence of each of the Non-Executive Directors.
Mr Parekh brings a wealth of strategic knowledge and experience from a range of industries and is a huge benefit to the Board. Furthermore, Mr Parekh's other appointments have not compromised his commitment to the Board as he has attended the majority of Board and Board Committee meetings including those called at short notice.
However, the Board takes the views of the Company's shareholders seriously. Since the publication of the voting recommendations by shareholder groups, the Company has held discussions with a number of large independent shareholders to understand their concerns and explain the Company's perspective. The Board will carefully consider the feedback received and determine what action it needs to take to address this matter going forward.
In accordance with Listing Rule 9.6.2 of the UK Listing Authority, Vedanta Resources plc has submitted copies of the special resolutions passed at its Annual General Meeting to the National Storage Mechanism which will shortly be available for inspection at http:// www.morningstar.co.uk/uk/NSM.
For further information, please contact:
Investors ir@vedanta.co.in Ashwin Bajaj Tel: +91 22 6646 1531 Director - Investor Relations Vedanta Resources plc Media Tel: +44 20 7251 3801 Daniela Fleischmann Finsbury
Deepak Kumar Tel: +44 20 7499 5900
Company Secretary
Vedanta Resources plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGOKQDBOBKDDFD
(END) Dow Jones Newswires
August 14, 2017 13:25 ET (17:25 GMT)
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