TIDMITRK
RNS Number : 6432N
Intertek Group PLC
21 May 2020
21 May 2020, London
Intertek Group plc - Summary of Annual General Meeting
The Annual General Meeting of Intertek Group plc was held
earlier today. All resolutions were passed by the requisite
majority on a poll.
The results of the voting on a poll are below:
VOTES % VOTES VOTES % VOTES TOTAL VOTES % ISSUED VOTES
FOR CAST AGAINST CAST VALIDLY SHARE WITHHELD(2)
FOR(1) AGAINST(1) CAST(2) CAPITAL(3)
To receive the Annual
Report and Accounts
for
the year ended 31
December
1. 2019. 141,946,610 100.00% 0 0.00% 141,946,610 87.95 1,062,139
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To approve the
Directors'
2. Remuneration Policy. 79,910,934 57.10% 60,031,344 42.90% 139,942,278 86.71 3,063,796
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To approve the
Directors'
3. Remuneration Report. 139,816,488 97.79% 3,158,747 2.21% 142,975,235 88.59 34,041
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To approve the payment
of a final dividend of
71.6p per ordinary
4. share. 142,967,724 100.00% 6,655 0.00% 142,974,379 88.59 33,234
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Sir David
5. Reid as a Director. 140,978,459 98.65% 1,932,742 1.35% 142,911,201 88.55 96,916
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect André
6. Lacroix as a Director. 142,909,161 99.99% 15,947 0.01% 142,925,108 88.56 81,790
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Ross
McCluskey
7. as a Director. 142,487,182 99.66% 486,528 0.34% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Graham
Allan
8. as a Director. 131,135,379 91.72% 11,838,331 8.28% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Gurnek
Bains
9. as a Director. 131,183,157 91.75% 11,790,553 8.25% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Dame
Louise
10. Makin as a Director. 142,770,648 99.86% 203,062 0.14% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Andrew
Martin
11. as a Director. 131,152,658 91.73% 11,821,052 8.27% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Gill Rider
12. as a Director. 131,048,622 91.66% 11,925,128 8.34% 142,973,750 88.59 34,367
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect
Jean-Michel
13. Valette as a Director. 141,657,826 99.08% 1,314,665 0.92% 142,972,491 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To re-elect Lena
Wilson
14. as a Director. 142,621,681 99.75% 352,029 0.25% 142,973,710 88.59 34,407
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To reappoint
PricewaterhouseCoopers
LLP as Auditor of the
15. Company. 142,961,701 100.00% 6,224 0.00% 142,967,925 88.58 40,192
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To authorise the Audit
Committee to determine
the remuneration of
the
16. Auditor. 142,966,819 100.00% 1,219 0.00% 142,968,038 88.58 40,079
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To authorise the
Directors
to allot Relevant
17. Securities. 129,425,801 90.52% 13,548,527 9.48% 142,974,328 88.59 33,789
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To authorise EU
political
donations and
18. expenditure. 137,615,376 96.25% 5,357,717 3.75% 142,973,093 88.59 33,772
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To approve the rules
of
the Intertek Group plc
2021 Long Term
Incentive
19. Plan. 141,035,552 98.64% 1,940,303 1.36% 142,975,855 88.59 34,640
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To disapply
pre-emption
20. rights. 137,290,231 96.12% 5,545,527 3.88% 142,835,758 88.50 169,477
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To disapply
pre-emption
rights in relation to
an acquisition or
capital
21. investment. 139,594,980 97.73% 3,239,917 2.27% 142,834,897 88.50 170,338
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To authorise the
Company
to buy back its own
22. shares. 142,223,538 99.48% 742,593 0.52% 142,966,131 88.58 41,986
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
To authorise the
Company
to hold general
meetings
(other than AGMs) on
14
23. clear days' notice. 131,423,409 91.92% 11,548,664 8.08% 142,972,073 88.59 33,234
----------------------- ------------ -------- ----------- ----------- ------------ ----------- ------------
All resolutions were duly passed, and we would like to take this
opportunity to thank our shareholders for their ongoing support. In
relation to Resolution 2, the Board welcomes the majority support
for our new Directors' Remuneration Policy but acknowledges that
there were a significant number of votes opposing the
resolution.
In 2019, we had put our remuneration policy to vote and received
just under 98% votes in favour of the policy. However, we had also
received feedback from some of our major shareholders regarding the
criteria we were using for our Long Term Incentive Plan (LTIP).
Therefore, after extensive consultation with our major
shareholders, we proposed changes to the performance criteria this
year. Our revised Remuneration Policy which we put forward as
Resolution 2 was only changed from the prior approved policy with
respect to these new LTIP performance criteria. In our
consultations with our major shareholders we had received complete
support to these changes.
We plan to engage with shareholders and discuss their concerns
in the coming months. We will publish an update on that engagement
within six months of the AGM.
Notes:
1. The percentages above are rounded to two decimal places.
2. A vote withheld is not a vote under English law and is not
counted in the calculation of votes "for" and "against" a
resolution.
3. The number of ordinary shares in issue at 6.30 p.m. on 19 May
2020 was 161,393,127 of which the Total Voting Rights figure was
161,393,127.
4. In accordance with the requirements of Listing Rule 9.6.2,
Intertek Group plc has submitted to the National Storage Mechanism
a copy of the resolutions (other than those relating to ordinary
business) passed at the Annual General Meeting of Intertek Group
plc held today. These will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-ends-
Contact:
Fiona Evans, Group Company Secretary - Telephone: +44 (0) 20
7396 3400
fiona.evans@intertek.com
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END
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