TIDMWEIR
RNS Number : 6389X
Weir Group PLC
30 April 2019
THE WEIR GROUP PLC
30 April 2019
AGM Voting Results 2019
The Annual General Meeting of The Weir Group PLC was held on
Tuesday 30 April 2019 at 2.30 pm.
All resolutions were passed on a poll. Resolutions 19 to 22 were
passed as special resolutions.
The table below sets out the proxy voting results.
% of
VOTES VOTES VOTES ISC VOTES
FOR % AGAINST % TOTAL VOTED WITHHELD*
To receive and
adopt the report
Resolution and financial
1 statements. 212,560,343 99.98% 33,619 0.02% 212,593,962 81.89% 2,698,070
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
Resolution To declare a
2 final dividend. 215,180,419 100% 1,482 0% 215,181,901 82.89% 110,131
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To approve the
Directors'
Remuneration
Report (excluding
the Directors'
Resolution Remuneration
3 Policy). 198,708,685 93.09% 14,750,923 6.91% 213,459,608 82.23% 1,833,024
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To approve the
amendments to
the Company's
Share Reward
Plan and All-Employee
Resolution Share Ownership
4 Plan. 213,636,608 99.25% 1,606,731 0.75% 215,243,339 82.91% 48,693
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To elect Engelbert
Resolution Haan as a Director
5 of the Company. 214,724,091 99.81% 408,415 0.19% 215,132,506 82.87% 159,526
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To elect Cal
Collins as a
Resolution Director of the
6 Company. 213,326,599 99.16% 1,803,263 0.84% 215,129,862 82.87% 162,170
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Clare
Chapman as a
Resolution Director of the
7 Company. 205,571,610 95.55% 9,567,380 4.45% 215,138,990 82.87% 153,042
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Barbara
Jeremiah as a
Resolution Director of the
8 Company. 212,427,119 98.74% 2,707,782 1.26% 215,134,901 82.87% 157,131
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Stephen
Resolution Young as a Director
9 of the Company. 210,170,543 97.69% 4,971,007 2.31% 215,141,550 82.87% 150,482
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Charles
Resolution Berry as a Director
10 of the Company. 211,696,771 98.40% 3,438,990 1.60% 215,135,761 82.87% 152,271
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Jon
Stanton as a
Resolution Director of the
11 Company. 213,601,682 99.29% 1,537,678 0.71% 215,139,360 82.87% 149,672
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect John
Heasley as a
Resolution Director of the
12 Company. 211,978,705 98.53% 3,156,123 1.47% 215,134,828 82.87% 154,204
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Mary
Jo Jacobi as
Resolution a Director of
13 the Company. 213,118,813 99.06% 2,011,923 0.94% 215,130,736 82.87% 158,296
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Sir
Jim McDonald
Resolution as a Director
14 of the Company. 212,982,575 99% 2,152,103 1% 215,134,678 82.87% 154,354
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-elect Rick
Resolution Menell as a Director
15 of the Company. 156,112,165 75.19% 51,509,215 24.81% 207,621,380 79.98% 7,667,652
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To re-appoint
PricewaterhouseCoopers
Resolution LLP as Auditors
16 of the Company. 215,123,753 99.98% 41,279 0.02% 215,165,032 82.88% 127,000
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
That the Company's
Audit Committee
be authorised
to determine
Resolution the remuneration
17 of the Auditors. 215,147,974 99.99% 29,306 0.01% 215,177,280 82.89% 114,752
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To renew the
Directors' general
Resolution power to allot
18 shares. 201,400,404 93.56% 13,856,963 6.44% 215,257,367 82.92% 34,665
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To partially
disapply the
Resolution statutory pre-emption
19 provisions. 214,710,088 99.75% 545,868 0.25% 215,255,956 82.92% 35,176
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To partially
disapply the
statutory pre-emption
provisions in
connection with
an acquisition
Resolution or specified
20 capital investment. 202,177,019 93.92% 13,081,997 6.08% 215,259,016 82.92% 33,016
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To renew the
Company's authority
Resolution to purchase its
21 own shares. 213,792,498 99.48% 1,127,623 0.52% 214,920,121 82.79% 371,018
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
To reduce the
Resolution notice period
22 for general meetings. 204,779,358 95.53% 9,590,320 4.47% 214,369,678 82.58% 922,354
------------------------ ------------ ------- ----------- ------- ------------ ------- ----------
* A vote withheld is not a vote in law and is not counted in the
calculation of proportion of votes For and Against a
resolution.
With regard to the re-election of Rick Menell, we are pleased
that he received votes in favour of over 75%, but note that support
for his re-election was not as strong as that shown for other
Directors. The context to Rick's extension is set in our Annual
Report and this highlights the benefits of his continued service at
a time of recent change in both Board composition and portfolio
transformation.
As required by the Corporate Governance Code, the Board thought
very carefully about Rick's independence when assessing whether to
propose he serve a further year and specifically considered the
matter of Rick's tenure in considering the extension of his
appointment as senior independent director. As set out in the
Annual Report, the Nomination Committee were satisfied that Rick's
tenure had not compromised his independence in any way and he is
and remains independent in character and judgement notwithstanding
the fact that he has served on the Board for more than nine years.
As such, having made that determination of independence, this would
naturally flow through to Committees on which Rick sits.
We maintain a programme of active engagement with our
shareholders and will continue to take their views into account.
Following election of directors at the AGM, committee composition
and succession planning for the role of SID was already on the
agenda to be discussed at the June Nomination Committee
meeting.
a) Any votes that give discretion to the Chairman have been included in the "For" total.
b) At close of business on 29 April 2019 there were 259,602,052
Ordinary Shares in issue (excluding treasury shares).
A copy of the resolutions passed concerning special business has
been submitted and will shortly be available for inspection at the
National Storage Mechanism which is located at
https://www.morningstar.co.uk/uk/NSM.
For further information, please contact:
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771
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END
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