TIDMECM
RNS Number : 6457L
Electrocomponents PLC
20 July 2017
Electrocomponents Plc
(the Company)
Results of Annual General Meeting
Electrocomponents Plc announces that all of the resolutions set
out in the Notice of Meeting dated 30 May 2017 were passed by
conducting a Poll at today's Annual General Meeting. Resolutions
15, 16, 17, 18 and 19 were passed as Special Resolutions.
Details of the proxy votes received in advance of the meeting
are set out below and can be found on the Company's website at
www.electrocomponents.com/investor-centre/corporate-governance/agm-information
Resolution Votes
For % For Total
(incl. (incl. votes Votes
Chairman's Chairman's Votes validly Withheld*
discretion) discretion) Against % Against cast
------------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To receive
Report & Accounts
1. for 2017 371,211,019 100.00 3,268 0.00 371,214,287 93,090
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To approve
the Directors'
remuneration
2. report 363,592,062 98.52 5,471,293 1.48 369,063,355 2,244,022
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To declare
a final Dividend
3. for 2017 371,256,607 99.99 50,770 0.01 371,307,377 0
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To elect Louisa
4. Burdett 371,030,443 99.98 64,704 0.02 371,095,147 212,230
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To elect Simon
5. Pryce 368,325,572 99.25 2,767,552 0.75 371,093,124 214,253
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
6. Bertrand Bodson 370,469,999 99.83 624,086 0.17 371,094,085 213,292
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
7. David Egan 370,423,389 99.82 671,076 0.18 371,094,465 212,912
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
8. Karen Guerra 366,318,668 98.71 4,774,072 1.29 371,092,740 214,637
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
9. Peter Johnson 369,674,339 99.62 1,419,357 0.38 371,093,696 213,681
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
10. John Pattullo 370,503,229 99.84 589,511 0.16 371,092,740 214,637
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-elect
11. Lindsley Ruth 370,413,769 99.82 681,311 0.18 371,095,080 212,297
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To re-appoint
PricewaterhouseCoopers
12. LLP as auditor 371,058,407 100.00 14,397 0.00 371,072,804 234,573
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To authorise
Directors to
agree remuneration
13. of the auditor 371,284,514 100.00 13,408 0.00 371,297,922 8,655
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To authorise
Directors'
authority to
14. allot shares 307,824,246 82.95 63,272,136 17.05 371,096,382 210,995
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To authorise
Directors'
authority to
disapply pre--emption
rights up to
15. 5% 321,717,882 86.65 49,556,381 13.35 371,274,263 33,114
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
To authorise
Directors'
authority to
disapply pre--emption
rights for
additional
16. 5% 291,311,952 78.46 79,955,311 21.54 371,267,263 40,114
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
Renewal of
the Directors'
authority for
purchase by
Company of
17. own shares 368,298,473 99.31 2,562,186 0.69 370,860,659 446,718
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
Notice Period
for General
18. Meetings 352,540,081 94.95 18,765,699 5.05 371,305,780 1,596
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
Adoption of
amended Articles
19. of Association 368,202,106 99.22 2,880,900 0.78 371,083,006 224,371
---- ------------------------ -------------- ------------- ----------- ---------- ------------ ------------
* A "vote withheld" is not a vote in law and will not be counted
in the calculation of the proportion of votes "for" or "against" a
resolution, the total votes validly cast or the calculation of the
proportion of issued share capital voted.
The Company has noted that the Resolutions are duly passed under
the Companies Act 2006.
Although Resolution 14 (to authorise the directors to allot),
Resolution 15 (to dis-apply pre-emption rights) and Resolution 16
(additional pre-emption rights) were passed with the requisite
majority, 17%, 13% and 22% of the votes respectively were cast
against each of these resolutions. The Board will continue its
ongoing dialogue with its shareholders to understand any concerns
regarding today's vote.
In accordance with Listing Rule 9.6.2., a copy of the
Resolutions relating to Special Business has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM.
Full details of all the Resolutions passed, together with
explanatory notes, are set out in the Notice of AGM previously
submitted to the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM and on the Company's website at
http://www.electrocomponents.com/investor-centre/annual-reports.
The total number of shares in issue at 6pm on Wednesday, 19 July
2017 was 441,557,515 ordinary shares in the Company. A total of
84.09% of the share capital was voted.
IAN HASLEGRAVE
Company Secretary
20 July 2017
Registered office:
International Management Centre, 8050 Oxford Business Park
North, Oxford OX4 2HW
tel: +44 (0) 1865 204000
fax: +44 (0) 1865 207400
www.electrocomponents.com
LEI: 549300KVXDURRKVW7R37
This information is provided by RNS
The company news service from the London Stock Exchange
END
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