TIDMVSVS
RNS Number : 6991N
Vesuvius plc
10 May 2018
10 May 2018
Vesuvius plc - Result of Annual General Meeting 2018 ("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 27 March 2018 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 Issued withheld(3)
cast cast cast Share
Capital(2)
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Receipt of
Annual Report
1 and Accounts 238,450,925 99.94 142,765 0.06 238,593,690 87.97% 169,899
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Declaration
2 of Final Dividend 238,465,257 99.88 295,472 0.12 238,760,729 88.03% 2,861
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Approval of
Directors'
Remuneration
3 Report 234,780,528 98.65 3,204,210 1.35 237,984,738 87.75% 778,850
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Election of
4 Patrick André 237,128,990 99.38 1,481,601 0.62 238,610,591 87.98% 152,999
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
of Christer
5 Gardell 235,011,519 98.50 3,588,755 1.50 238,600,274 87.97% 163,316
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
6 of Hock Goh 177,236,253 75.11 58,727,472 24.89 235,963,725 87.00% 2,799,864
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
7 of Jane Hinkley 237,976,431 99.74 624,835 0.26 238,601,266 87.98% 162,324
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
of Douglas
8 Hurt 237,985,631 99.74 613,393 0.26 238,599,024 87.97% 164,566
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
9 of Holly Koeppel 237,974,211 99.74 623,555 0.26 238,597,766 87.97% 165,824
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
of John McDonough
10 CBE 236,141,925 98.97 2,468,181 1.03 238,610,106 87.98% 153,483
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Re-election
11 of Guy Young 236,140,834 98.96 2,471,165 1.04 238,611,999 87.98% 151,591
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Reappointment
12 of Auditor 238,607,220 100.00 1,934 0.00 238,609,154 87.98% 154,436
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Remuneration
13 of Auditor 238,748,342 100.00 11,458 0.00 238,759,800 88.03% 3,790
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Authority to
incur political
14 expenditure 234,890,021 98.44 3,716,311 1.56 238,606,332 87.98% 157,258
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Authority to
15 allot shares 236,373,349 99.06 2,239,758 0.94 238,613,107 87.98% 150,483
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Special Resolution:
Authority to
dis-apply pre-emption
16 Rights 238,550,266 99.98 58,261 0.02 238,608,527 87.98% 155,063
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Special Resolution:
Additional
authority to
disapply pre-emption
rights only
in connection
with an acquisition
or specified
17 investment 236,068,201 98.87 2,689,445 1.13 238,757,646 88.03% 5,943
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Special Resolution:
Authority to
purchase own
18 shares 236,835,112 99.42 1,371,034 0.58 238,206,146 87.83% 557,443
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
Special Resolution:
Authority to
call a general
meeting on
14 clear days'
19 notice 234,147,909 98.07 4,609,547 1.93 238,757,456 88.03% 6,134
---------------------- --------------- ------- ----------- ------- ------------ ------------ -------------
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.
Re-election of Hock Goh
The Board notes that resolution 6, the re-election of Hock Goh,
was passed with the requisite majority of votes from shareholders,
but acknowledges that there were a significant number of votes
opposing his re-election.
The Board seeks to ensure that each Director has time to meet
the requirements of their role. This is regularly evaluated, and
the Board remains satisfied that Hock Goh, as with all other
directors, has sufficient capacity to meet his commitments to
Vesuvius plc. As set out in our AGM Notice, Hock Goh brings
extensive experience of the global services industry to board
discussions as well as a perspective on the Asian markets. The
Board takes the views of the Company's shareholders seriously and
will continue to engage with them to understand their concerns in
respect of the above resolution.
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
principally serving the steel and foundry industries.
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 company news service from the London Stock Exchange
END
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