TIDMAVON

RNS Number : 1456N

Avon Rubber PLC

27 January 2016

27 January 2016

Avon Rubber p.l.c.

(the 'Company')

Result of AGM and Retirement of Director

Result of AGM

Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held on the 26 January 2016, all the resolutions proposed in the Notice of Meeting were passed on a show of hands.

Full details of the proxy votes received from shareholders prior to the meeting for each resolution are set out below and will also be made available on the Company's website: www.avon-rubber.com

 
      RESOLUTIONS                            FOR          %       AGAINST     %       WITHHELD 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To receive the Report 
 1     and Accounts                          21,120,405   99.9    58          0.01    10,447 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To approve the Remuneration 
 2     Policy                                15,042,235   77.15   4,454,154   22.85   1,634,519 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To approve the Directors' 
 3     Remuneration Report                   19,569,894   98.32   334,138     1.68    1,226,876 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
 4    To declare a final dividend            21,130,910   100     0           0       0 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To re-appoint David 
 5     Evans as a Director                   21,075,330   99.75   52,205      0.25    3,375 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To re-appoint Petrus 
 6     Vervaat as a Director                 20,976,115   99.27   154,795     0.73    0 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To re-appoint PricewaterhouseCoopers 
       LLP as auditors of the 
 7     Company                               20,630,301   97.78   467,608     2.22    33,000 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To authorise the Directors 
       to determine the auditors' 
 8     remuneration                          21,121,270   99.99   3,140       0.01    6,500 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To approve amendments 
       to the Avon Rubber p.l.c. 
       2010 Performance Share 
 9     Plan                                  20,904,921   98.99   212,562     1.01    13,426 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To approve the Avon 
       Rubber p.l.c. 2015 Share 
 10    Option Plan                           20,867,858   99.71   60,028      0.29    203,022 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To approve the Avon 
       Rubber p.l.c. 2015 US 
 11    Stock Option Plan                     20,864,807   99.71   60,281      0.29    205,820 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To authorise the Directors 
 12    to allot shares                       21,112,430   99.94   13,505      0.06    4,975 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To disapply pre-emption 
 13    rights                                21,113,271   99.94   12,417      0.06    5,222 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To authorise the Company 
       to purchase its own 
 14    shares                                21,114,076   99.93   15,334      0.07    1,500 
---  -------------------------------------  -----------  ------  ----------  ------  ---------- 
      To authorise short notice 
 15    general meetings                      20,448,276   96.89   655,633     3.11    27,000 
---  -------------------------------------  -----------  ------  ----------  ------  ----------

Notes

1. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

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

3. Discretionary proxy votes lodged in favour of a third party have not been included in the 'for', 'against' or 'total' figures.

   4.    At the date of the AGM the issued share capital of the Company is 31,023,292 ordinary shares.

In accordance with paragraph 9.6.2 of the Listing Rules, a copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism at www.hemscott.com/nsm.do.

Retirement of Director

As announced on 14 December 2015, Richard Wood retired as Director of the Company at the conclusion of the AGM. Pim Vervaat has replaced Mr Wood as the Senior Independent Director.

Resolution No. 2

The Board has already engaged with a number of the shareholders who voted against resolution no. 2 to understand the reasons behind their vote. Shareholders who voted against resolution no.2 are encouraged to contact the Company Secretary to confirm their reasons for doing so. The Board will confirm its response to the issues raised in due course.

Miles Ingrey-Counter

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 27, 2016 05:11 ET (10:11 GMT)

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