INDV Indivior Plc

TIDMINDV

RNS Number : 7919X

Indivior PLC

06 May 2021

Indivior PLC (the 'Company')

Result of Annual General Meeting ('AGM')

May 6, 2021

The Company announces the voting results of its AGM, held earlier today at the Company's Registered Office at 234 Bath Road, Slough, Berks, SL1 4EE. All resolutions were duly passed by shareholders by way of a poll.

Details of each resolution are set out in the Notice of Meeting circulated to shareholders on 25 March 2021. The voting results, incorporating proxy votes lodged in advance of the AGM are set out below and will be made available on the Company's website at http://www.indivior.com/shareholders/shareholder-communications/.

 
    RESOLUTION                      VOTES       %        VOTES       %        VOTES         % of          VOTES 
                                     FOR                AGAINST               TOTAL      ISC VOTED(1)   WITHHELD(2) 
  1. To receive the 
   Annual Report and 
   Accounts                      536,567,559  99.76%   1,278,663   0.24%   537,846,222     73.21%       9,245,726 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  2. To approve the 
   Directors' Remuneration 
   Report                        330,455,934  61.73%  204,877,688  38.27%  535,333,622     72.87%       11,757,556 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  3. To approve the 
   Directors' Remuneration 
   Policy                        520,455,001  95.20%  26,236,873   4.80%   546,691,874     74.42%        398,798 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  4. To elect Jerome 
   Lande                         456,858,926  83.60%  89,614,344   16.40%  546,473,270     74.39%        618,678 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  5. To elect Joanna 
   Le Couilliard                 542,223,652  99.18%   4,456,318   0.82%   546,679,970     74.42%        411,978 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  6. To elect Ryan 
   Preblick                      544,987,405  99.69%   1,690,973   0.31%   546,678,378     74.42%        412,870 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  7. To elect Mark 
   Stejbach                      545,293,962  99.76%   1,339,060   0.24%   546,633,022     74.41%        458,926 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  8. To elect Juliet 
   Thompson                      546,087,062  99.89%    592,565    0.11%   546,679,627     74.42%        412,321 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  9. To re-elect Peter 
   Bains                         543,795,182  99.48%   2,844,847   0.52%   546,640,029     74.41%        451,919 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  10. To re-elect Mark 
   Crossley                      544,924,278  99.68%   1,760,751   0.32%   546,685,029     74.42%        406,919 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  11. To re-elect Graham 
   Hetherington                  505,476,865  93.45%  35,450,230   6.55%   540,927,095     73.63%       6,164,853 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  12. To re-elect Dr 
   A. Thomas McLellan            508,200,345  92.97%  38,425,510   7.03%   546,625,855     74.41%        466,093 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  13. To re-elect Lorna 
   Parker                        513,232,165  93.89%  33,375,546   6.11%   546,607,711     74.41%        484,127 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  14. To re-elect Daniel 
   J. Phelan                     429,125,972  78.50%  117,559,082  21.50%  546,685,054     74.42%        406,894 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  15. To re-appoint 
   PricewaterhouseCoopers 
   LLP as Auditor                540,768,032  98.91%   5,980,532   1.09%   546,748,564     74.43%        343,393 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  16. To authorize 
   the Audit Committee 
   to determine the 
   remuneration of the 
   Auditor.                      546,653,694  99.98%    100,691    0.02%   546,754,385     74.43%        337,572 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  17. To authorize 
   the Company and any 
   of its UK subsidiaries 
   to make political 
   donations and incur 
   political expenditure         533,180,347  98.91%   5,884,439   1.09%   539,064,786     73.38%       8,027,083 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  18. To authorize 
   the Directors to 
   allot shares                  532,085,955  98.70%   7,009,359   1.30%   539,095,314     73.38%       7,996,634 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  19. To authorize 
   the Directors to 
   disapply pre-emption 
   rights up to 5% of 
   the issued capital 
   (Special Resolution)          538,720,748  99.94%    302,729    0.06%   539,023,477     73.37%       8,068,471 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  20. To authorize 
   the Directors to 
   disapply pre-emption 
   rights up to an additional 
   5% for transactions 
   which the Board determines 
   to be an acquisition 
   or other capital 
   investment (Special 
   Resolution)                   520,958,983  96.63%  18,143,693   3.37%   539,102,676     73.39%       7,989,272 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  21. To authorize 
   market purchases 
   of the Company's 
   ordinary shares (Special 
   Resolution)                   538,473,270  98.77%   6,729,385   1.23%   545,202,655     74.22%       1,889,149 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
  22. To call a general 
   meeting other than 
   an annual general 
   meeting on not less 
   than 14 clear days' 
   notice (Special Resolution)   537,452,084  98.31%   9,251,971   1.69%   546,704,055     74.42%        387,893 
                                 -----------  ------  -----------  ------  -----------  -------------  ------------ 
 

Notes

1. As at the close of business on May 4, 2021, the total number of ordinary shares of US$0.10 eligible to be voted at the AGM was 734,620,989. Therefore, the total voting rights in the Company as at that time was 734,620,989.

2. A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

A copy of the special business resolutions will be submitted to the National Storage Mechanism and will be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism in du e course.

Computershare Investor Services PLC acted as scrutineer of the poll on all resolutions.

While all resolutions were passed at today's AGM, the Board notes that resolutions 2 and 14 received a significant number of votes against.

Resolution 2

With respect to Resolution 2, approval of the Remuneration Report, we are pleased that 61.73% of shareholders voted in favour of this resolution, but are disappointed by the outcome of the vote. In the run up to the AGM we engaged with a number of shareholders to understand their concerns, which we understand related to the termination arrangements for the former Chief Executive Officer, Shaun Thaxter. The Remuneration Committee determined, based on Mr Thaxter's leadership that produced years of positive operational performance, and the absence of any findings of personal wrongdoing or malfeasance, to allow Mr Thaxter to retain his outstanding LTIP awards.

Resolution 14

Resolution 14 was passed with 78.50% shareholder support for the re-election of Daniel Phelan as a Director. The Board notes the result of this resolution.

Our shareholders' views are important to us and we intend to continue to engage with our largest shareholders on governance and remuneration matters. We will publish an update on our engagement within six months of the date of the 2021 AGM.

   Contact:             Kathryn Hudson 

Company Secretary

   Tel: +44 (0)1753 423940 /   cosec@indivior.com 

Jason Thompson

Vice President, Investor Relations

Tel: +1-804-402-7123 / jason.thompson@indivior.com

Tulchan Communications

Tel: +44 207-353-4200

Indivior PLC's Legal Entity Identifier code is 213800V3NCQTY7IED471.

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May 06, 2021 12:30 ET (16:30 GMT)