TIDMROR
RNS Number : 7469D
Rotork PLC
28 April 2017
Rotork plc
AGM Poll Result and Statement on the result of resolution 11 -
Remuneration Report and copies of resolutions sent to National
Storage Mechanism
Rotork Plc - AGM - 28 April 2017 - Poll Result
Resolution For (2) Against(2) No. of Total
Votes Capital
withheld(3) Instructed
------------------------- --------------------- -------------------- ------------- ------------
No. of % No. of %
Shares Shares
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To receive
and adopt
the Directors'
Report
and Accounts
and the
Auditor's
Report
thereon
1. for 2016 660,102,248 99.92 500,000 0.08 1,672,191 660,602,248
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To declare
a final
2. dividend 662,149,151 100.00 0 0.00 125,288 662,149,151
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
GB Bullard
3. as a director 634,870,807 95.91 27,074,215 4.09 176,712 661,945,022
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
JM Davis
4. as a director 630,167,445 95.17 31,965,222 4.83 141,772 662,132,667
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
PI France
5. as a director 649,691,509 98.15 12,230,378 1.85 148,772 661,921,887
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
SA James
6. as a director 634,936,497 95.92 27,020,415 4.08 190,212 661,956,912
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
MJ Lamb
7. as a director 642,948,063 99.38 4,010,934 0.62 15,188,126 646,958,997
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-elect
LM Bell
8. as a director 634,973,465 95.91 27,049,057 4.09 175,452 662,022,522
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To re-appoint
Deloitte
LLP as
Auditor
of the
9. Company 661,817,449 99.97 165,943 0.03 163,692 661,983,392
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To authorise
the directors
to fix
the remuneration
of the
10. Auditor 658,049,701 99.98 124,989 0.02 4,099,749 658,174,690
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To approve
the Directors'
Remuneration
11. Report 446,432,898 67.83 211,717,952 32.17 4,123,588 658,150,850
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To approve
the Directors'
Remuneration
12. Policy 656,105,809 99.11 5,910,277 0.89 181,888 662,016,086
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To authorise
the directors
to allot
13. shares 616,001,492 93.05 45,981,342 6.95 215,140 661,982,834
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To enable
the directors
to allot
shares
for cash
without
first
offering
them to
existing
shareholders
for pre-emptive
issues
and general
14. purposes* 658,755,283 99.53 3,137,016 0.47 294,585 661,892,299
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To enable
the directors
to allot
shares
for cash
without
first
offering
them to
existing
shareholders
for acquisitions
and other
capital
15. investments* 630,427,853 95.22 31,625,051 4.78 221,534 662,052,904
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To authorise
the Company
to purchase
ordinary
16. shares* 654,330,799 98.94 7,043,264 1.06 773,060 661,374,063
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To authorise
the Company
to purchase
preference
17. shares* 661,445,249 99.92 544,163 0.08 148,000 661,989,412
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
To fix
the notice
period
for general
18. meetings* 590,243,203 89.16 71,771,381 10.84 132,500 662,014,584
----- ------------------ ------------ ------- ------------ ------ ------------- ------------
*Special Resolution
NOTES:
1 All resolutions were passed.
2 Votes "For" and "Against" are expressed as a percentage of votes received.
3 A "Vote withheld" is not a vote in law and is not counted in
the calculation of the votes "For" or "Against" a resolution.
4 Total number of shares in issue at 6:30pm on 26 April 2017 =
870,115,432 shares. 76.11% of voting capital was instructed.
Resolution 11 Remuneration Report
The Board of directors of Rotork plc recognise the level of
opposition for resolution 11, which was passed by 67.83% of
shareholders voting in support.
The Remuneration Committee welcomes open dialogue with its
shareholders and the changes to the executive directors' salary
levels were made following an extensive consultation process with
major shareholders. The salary changes were made as part of a
package along with changes to the remuneration policy and its
implementation. The remainder of the changes, which are set out in
the new remuneration policy (for the period 2017-19), were very
positively received by shareholders and the Company's new
remuneration policy was supported by 99% of shareholders voting.
Under the newly approved remuneration policy, future salary
increases for the executive directors during the policy period are
limited to no higher than the average increase for other employees.
In consultation, the majority of shareholders were broadly
comfortable with the combined impact of the changes. The new policy
has the strong support of shareholders and the Committee will
continue to engage with the Company's largest shareholders on
matters of significance.
Copies of the following:
-- Ordinary resolution to authorise the directors to allot shares
-- Special resolutions to:
- Empower the directors to allot shares for cash without first
offering to existing shareholders for pre-emptive issues for
general purposes
- Empower the directors to allot shares for cash without first
offering to existing shareholders for pre-emptive issues for
acquisitions and other capital investments
- Authorise the Company to purchase ordinary shares
- Authorise the Company to purchase preference shares
- Fix the notice period for general meetings
being resolutions (other than resolutions concerning ordinary
business) passed by the Company at its AGM on 28 April 2017, have
been submitted to the National Storage Mechanism and will shortly
be available for inspection at: www.Hemscott.com/nsm.do.
Copies are also available from the Company Secretary, Rotork
Plc, Rotork House, Brassmill Lane, Bath, BA1 3JQ
Full details of the poll results for all resolutions are
detailed below and can be found at:
http://www.rotork.com/investors/index/agm
Enquiries:
FTI Consulting Tel: + 44 (0)20 3727 1340
Nick Hasell / Susanne Yule
Rotork plc Tel: +44 (0)1225 733 200
Peter France, Chief Executive
Jonathan Davis, Finance Director
Sarah Matthews-DeMers, Director of Strategy and Investor Relations
28 April 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMFMGZDDRMGNZM
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