Essentra plc Result of AGM (2097W)
December 20 2021 - 5:13AM
UK Regulatory
TIDMESNT
RNS Number : 2097W
Essentra plc
20 December 2021
20 December 2021
ESSENTRA PLC (the "Company")
Update Statement on 2021 Results of Annual General Meeting
At the Company's AGM, held on 20 May 2021, the Company received
76.50% of votes in favour of the Resolution 14 to disapply
pre-emption rights, thereby falling below the 80% threshold set out
in the 2018 UK Corporate Governance Code.
The Company consulted with relevant shareholders to understand
and discuss their concerns with respect to this resolution as this
is considered a routine resolution for a UK listed company and is
within the Investment Association's Share Capital Management
Guidelines.
A minority of shareholders were not supportive of the equity
raise that took place in September 2020 and subsequently voted
against the resolution under which the raise was possible. Whilst
there was a minority of shareholders against the resolution the
majority of shareholders did not object and the resolution still
passed.
The views of all shareholders are important to the Board and
will continue to be taken into account by the Board when
considering all issues including share capital management. A
further update will be included on this subject in the 2021 Annual
Report.
Enquiries
Emma Reid
Head of Governance
Tel: 07810 506 920
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