-
|
For
immediate release
|
17 April
2024
|
Hunting PLC
("Hunting" or "the
Company")
Results of Annual General
Meeting
and Directorate
Change
Hunting
PLC (LSE:HTG) announces the results of voting on the
resolutions at its Annual General Meeting ("AGM") held on
Wednesday,17 April 2024, as set out in the AGM notice.
Voting at the AGM was completed by
way of a poll.
All resolutions were passed by the
required majority, resolutions 1 to 16 as ordinary resolutions and
resolutions 17 to 20 as special resolutions were passed. The result
of the poll is outlined in the table below:
|
|
Resolution
|
For
|
%
|
Against
|
%
|
Votes
Withheld
|
|
1.
|
To receive the 2023 Annual
Report.
|
119,116,158
|
99.93
|
86,589
|
0.07
|
372,680
|
|
2.
|
To approve the Directors'
Remuneration Policy.
|
101,177,583
|
84.62
|
18,392,295
|
15.38
|
5,549
|
|
3.
|
To approve the new 2024 Hunting
Performance Share Plan.
|
114,518,244
|
95.78
|
5,045,710
|
4.22
|
11,473
|
|
4.
|
To approve the Annual Report on
Remuneration.
|
90,371,397
|
76.02
|
28,500,673
|
23.98
|
703,357
|
|
5.
|
To declare a final dividend of 5.0
cents per share.
|
117,611,942
|
98.36
|
1,963,185
|
1.64
|
300
|
|
6.
|
To re-appoint Margaret Amos as a
Director.
|
117,042,894
|
98.15
|
2,206,760
|
1.85
|
325,773
|
|
7.
|
To re-elect Annell Bay as a
Director.
|
115,932,856
|
96.97
|
3,627,339
|
3.03
|
15,232
|
|
8.
|
To re-elect Stuart Brightman as a
Director.
|
106,597,118
|
89.26
|
12,830,922
|
10.74
|
147,387
|
|
9.
|
To re-elect Carol Chesney as a
Director.
|
116,394,242
|
97.38
|
3,126,607
|
2.62
|
54,578
|
|
10.
|
To re-elect Bruce Ferguson as a
Director.
|
117,590,677
|
98.34
|
1,983,153
|
1.66
|
1,597
|
|
11.
|
To re-elect Paula Harris as a
Director
|
116,416,196
|
97.40
|
3,104,653
|
2.60
|
54,578
|
|
12.
|
To re-elect Jim Johnson as a
Director.
|
117,608,435
|
98.36
|
1,965,395
|
1.64
|
1,597
|
|
13.
|
To re-elect Keith Lough as a
Director.
|
116,468,504
|
97.42
|
3,087,399
|
2.58
|
19,524
|
|
14.
|
To re-appoint Deloitte LLP as
auditor.
|
119,468,619
|
99.92
|
92,873
|
0.08
|
13,935
|
|
15.
|
To authorise the Audit Committee to
determine auditor's remuneration.
|
119,486,181
|
99.93
|
84,444
|
0.07
|
4,802
|
|
16.
|
To authorise the Directors to allot
shares.
|
116,665,187
|
97.57
|
2,908,381
|
2.43
|
1,859
|
|
17.
|
To generally authorise the Directors
to disapply pre-emption rights.
|
115,866,259
|
96.90
|
3,705,216
|
3.10
|
3,952
|
|
18.
|
To authorise the Directors to
disapply additional pre-emption rights.
|
115,817,169
|
96.86
|
3,752,882
|
3.14
|
5,376
|
|
19.
|
To authorise the Company to make
market purchases of its own shares.
|
118,963,941
|
99.53
|
558,330
|
0.47
|
53,156
|
|
20.
|
To authorise 14 clear days' notice
periods for General Meetings.
|
118,155,587
|
98.82
|
1,416,023
|
1.18
|
3,817
|
The Directors note that the votes in
favour for resolution 4 have not reached 80%. The Board has now
started a process of shareholder engagement to discuss this issue.
A further update to this process will be posted on the Company's
website in due course.
A "Vote Withheld" is not a vote in
law and is not counted in the calculation of proportion of votes
"For" or "Against" a resolution.
As at the date of the AGM, the
number of issued shares of the Company was 164,940,082 Ordinary
shares of 25p each.
The total number of votes cast by
poll, including 'Votes Withheld', was 119,575,427; % of votes cast
by poll was 72.49% of the total issued share capital.
In accordance with Listing Rules
9.6.2 copies of all the resolutions passed, other than ordinary
business, will be submitted to the UK Listing Authority ("UKLA"),
via the National Storage Mechanism, which can be accessed at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Directorate Change
At the conclusion of the AGM, John
("Jay") Glick retired from the Board and has stepped down as a
Director of the Company.
Stuart Brightman has succeeded Mr
Glick as Chair of the Company and as noted in the 2023 Annual
Report and Accounts will also Chair the Nomination Committee.
Following Mr Brightman's appointment as Chair of the Company
he has stepped down from the Audit, Ethics and Sustainability and
Remuneration Committees.
In addition, Margaret Amos has been
appointed as Chair of the Ethics and Sustainability Committee with
immediate effect.
For further information please
contact:
|
Hunting PLC
Ben Willey, Company
Secretary
|
Tel: +44 (0) 20 7321
0123
|
|
Buchanan
Ben Romney
|
Tel: +44 (0) 20 7466
5000
|
Notes to Editors:
About Hunting PLC
Hunting is a global engineering
group that provides precision-engineered equipment and premium
services, which add value for our customers. Established in 1874, it is a premium listed public company
traded on the London Stock Exchange. The Company maintains a
corporate office in Houston and is headquartered in London. As well
as the United Kingdom, the Company has principal operations in
Canada, China, Indonesia, Mexico, Netherlands, Saudi Arabia,
Singapore, United Arab Emirates and the United States of
America.
The Group reports in US dollars
across five operating segments: Hunting Titan; North America;
Subsea Technologies; Europe, Middle East and Africa ("EMEA"); and
Asia Pacific.
Hunting PLC's Legal Entity
Identifier is 2138008S5FL78ITZRN66.
