TIDMDPLM

RNS Number : 3574M

Diploma PLC

20 January 2021

   DIPLOMA   PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: +44 (0)20 7549 5700

FACSIMILE: +44 (0)20 7549 5715

FOR IMMEDIATE RELEASE

20 JANUARY 2021

RESULT OF ANNUAL GENERAL MEETING ("AGM")

All of the resolutions put to shareholders at the AGM of Diploma PLC ("Diploma" or the "Company"") held today, were passed by poll votes. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The results of the AGM have now been published on the Company's website at https://www.diplomaplc.com/investors/agm/

As advised in the circular distributed to shareholders, Charles Packshaw, a non-executive Director of the Company, did not stand for re-election at the AGM and retired from the Board of Directors following the conclusion of the AGM.

The results of the poll incorporating proxy votes lodged in advance of the meeting are set out below (rounded to 2 decimal places).

Summary of Votes Cast

 
 Resolution   Description                  For         %       Against       %       Withheld 
 
     1        REPORT AND ACCOUNT       102,483,612   99.61     403,596     0.39       381,384 
 
              FINAL DIVIDEND OF 
     2         30P                     103,257,297   100.00      128       0.00       11,168 
 
     3        RE-ELECT JE NICHOLAS     94,832,637    92.15    8,074,262    7.85       361,693 
 
     4        RE-ELECT JD THOMSON      102,692,270   99.46     562,505     0.54       13,818 
 
     5        ELECT B GIBBES           102,368,032   99.14     886,743     0.86       13,818 
 
     6        RE-ELECT AP SMITH        92,957,425    90.46    9,799,358    9.54       511,809 
 
     7        RE-ELECT A THORBURN      96,524,568    93.75    6,432,590    6.25       311,435 
 
     8        ELECT G HUSE             102,482,460   99.25     772,315     0.75       13,818 
 
     9        RE-APPOINT AUDITOR       103,251,691   100.00     3,142      0.00       13,760 
 
              REMUNERATION OF 
     10        AUDITORS                103,251,841   100.00     2,992      0.00       13,760 
 
     11       REMUNERATION REPORT      55,418,505    54.33    46,588,460   45.67     1,261,627 
 
              AUTHORITY TO ALLOT 
     12        SHARES                  89,089,451    86.81    13,533,381   13.19      645,761 
 
              DISAPPLICATION OF 
  13 (SR)      PRE-EMPTION RIGHTS      103,236,855   99.99      12,680     0.01       19,058 
 
              FURTHER DISAPPLICATION 
  14 (SR)      OF PRE-EMPTION RIGHTS   102,981,961   99.74     268,454     0.26       18,177 
 
              AUTHORITY TO MAKE 
               MARKET PURCHASES 
  15 (SR)      OF ORDINARY SHARES      102,882,512   99.79     219,298     0.21       166,782 
 
              AMENDMENT OF ARTICLES 
               OF ASSOCIATION OF 
  16 (SR)      THE COMPANY             103,238,931   100.00     4,176      0.00       25,486 
 
              SHORTER NOTICE PERIOD 
   17(SR)      FOR GENERAL MEETINGS    98,526,037    95.42    4,728,900    4.58       13,656

The Board acknowledge the concerns that some shareholders have expressed in respect of Resolution 11 (the advisory resolution on the Remuneration Report). The Remuneration Committee will continue to engage with shareholders to fully understand their concerns and will consider the full range of feedback. Diploma will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the AGM.

Notes:

   1.   A total of 103,257,425 votes were validly cast.

2. The Company's Issued Share Capital ("ISC") is 124,563,515 ordinary shares of 5p each and the proportion of the ISC represented by those votes validly cast is 82.90 %.

   3.   A vote withheld is not a vote in law and is not counted.

4. In accordance with Listing Rule 9.6.1, a copy of the resolutions, other than those concerning ordinary business has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

J Morrison

Group Company Secretary

Diploma PLC

For further information, please contact:

 
 Diploma PLC -                             +44 (0)20 7549 5700 
 John Morrison, Group Company Secretary

LEI:2138008OGI7VYG8FGR19

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END

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