Share Name Share Symbol Market Type Share ISIN Share Description
Vesuvius Plc LSE:VSVS London Ordinary Share GB00B82YXW83 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 358.00p 358.20p 359.00p 364.40p 354.00p 355.20p 1,035,213 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 1,798.0 156.2 51.3 7.0 971

Vesuvius plc Result of AGM

15/05/2019 2:30pm

UK Regulatory (RNS & others)


Vesuvius (LSE:VSVS)
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RNS Number : 1503Z

Vesuvius plc

15 May 2019

15 May 2019

Vesuvius plc - Result of Annual General Meeting 2019 ("AGM")

Vesuvius plc ("the Company") confirms that, at its AGM held today, each of the resolutions set out in the Notice of Meeting to Shareholders dated 26 March 2019 were passed by the Shareholders. A poll was conducted on each resolution at the meeting and the results, certified by the scrutineer Equiniti Limited, were as follows:

 
      RESOLUTIONS         FOR                        AGAINST               TOTAL 
                          No. of           % of      No. of       % of     No. of           % of          Votes 
                           votes cast(1)    votes     votes        votes    votes cast(3)    Issued        withheld(3) 
                                            cast      cast         cast                      Share 
                                                                                             Capital(2) 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Receipt of 
       Annual Report 
 1     and Accounts          234,680,955   100.00%            0    0.00%      234,680,955        86.53%        247,118 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Declaration 
 2    of Final Dividend      234,927,494   100.00%            0    0.00%      234,927,494        86.62%            579 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Approval of 
       Directors' 
       Remuneration 
 3     Report                180,165,253    76.91%   54,091,750   23.09%      234,257,003        86.37%        671,069 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
       of Patrick 
 4     André            232,853,604    99.18%    1,925,453    0.82%      234,779,057        86.57%        149,016 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
       of Christer 
 5     Gardell               231,207,831    98.48%    3,568,124    1.52%      234,775,955        86.56%        152,118 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
 6     of Hock Goh           231,960,381    98.80%    2,818,676    1.20%      234,779,057        86.57%        149,016 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
 7     of Jane Hinkley       233,840,628    99.60%      937,813    0.40%      234,778,441        86.57%        149,632 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
       of Douglas 
 8     Hurt                  233,841,265    99.60%      934,690    0.40%      234,775,955        86.56%        152,118 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
 9     of Holly Koeppel      195,483,587    83.26%   39,292,953   16.74%      234,776,540        86.57%        151,532 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
      of John McDonough 
 10   CBE                    229,423,818    97.73%    5,320,649    2.27%      234,744,467        86.55%        183,605 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Re-election 
 11    of Guy Young          232,098,723    98.86%    2,680,334    1.14%      234,779,057        86.57%        149,016 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Reappointment 
 12    of Auditor            234,910,957    99.99%       14,996    0.01%      234,925,953        86.62%          2,120 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Remuneration 
 13    of Auditor            234,913,819   100.00%       11,308    0.00%      234,925,127        86.62%          2,946 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Authority to 
       incur political 
 14    expenditure           234,456,225    99.87%      315,560    0.13%      234,771,785        86.56%        156,288 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Authority to 
 15    allot shares          232,883,967    99.20%    1,881,324    0.80%      234,765,291        86.56%        162,782 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Special 
      Resolution: 
      Authority to 
      dis-apply 
      pre-emption 
 16   Rights                 234,813,995    99.91%      206,948    0.09%      235,020,943        86.66%          5,938 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Special 
      Resolution: 
      Additional 
      authority to 
      disapply 
      pre-emption 
      rights only 
      in connection 
      with an 
      acquisition 
      or specified 
 17   investment             232,233,981    98.86%    2,687,953    1.14%      234,921,934        86.62%          6,138 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Special 
      Resolution: 
      Authority to 
      purchase own 
 18   shares                 233,863,436    99.71%      685,163    0.29%      234,548,599        86.48%        379,473 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
      Special 
      Resolution: 
      Authority to 
      call a general 
      meeting on 
      14 clear days' 
 19   notice                 227,762,184    96.95%    7,160,076    3.05%      234,922,260        86.62%          5,813 
     ------------------  ---------------  --------  -----------  -------  ---------------  ------------  ------------- 
 

Notes:

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

2. The total number of shares in issue is 278,485,071 of which 7,271,174 shares are held as Treasury shares. Therefore, the total number of voting rights in the Company is 271,213,897.

3. 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.

   4.    All percentages are shown to two decimal places. 

This information will also shortly be available to view on the Company's website at: www.vesuvius.com.

As there were no resolutions passed at the AGM other than resolutions concerning ordinary business, no copies of resolutions have been submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2.

Approval of Directors' Remuneration Report

The Board notes that resolution 3, the approval of the Directors' Remuneration Report, was passed with the requisite majority of votes from shareholders, but acknowledges that 23% of votes were cast against the resolution. The Remuneration Committee will further analyse the voting outcome and will continue to engage with major shareholders to more fully understand their perspectives, as appropriate. We thank those shareholders with whom we have already spoken for explaining their reasons for voting against the resolution. The Remuneration Committee is committed to continuing dialogue with shareholders.

For further information, please contact:

 
 Henry Knowles, General Counsel and Company 
  Secretary                                    +44 (0) 20 7822 0000 
 Virginia Skroski, Investor Relations 
  Manager                                      +44 (0) 20 7822 0016 
 

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries operating in challenging high-temperature conditions.

We develop innovative and customised solutions, often used in extremely demanding industrial environments, which enable our customers to improve their manufacturing processes, enhance product quality and reduce energy consumption. These include flow control solutions, advanced refractories and other consumable products and increasingly, related technical services including data capture.

We have a worldwide presence. We serve our customers through a network of low-cost manufacturing plants located close to their own facilities, and embed our industry experts within their operations, who are all supported by our global technology centres.

Our core competitive strengths are our market and technology leadership, strong customer relationships, well established presence in developing markets and our global reach, all of which facilitate the expansion of our addressable markets.

Our ultimate goal is to create value for our customers, and to deliver sustainable, profitable growth for our shareholders giving a superior return on their investment whilst providing each of our employees with a safe workplace where he or she is recognised, developed and properly rewarded.

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 15, 2019 09:30 ET (13:30 GMT)

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