Avon Rubber PLC Result of AGM and Retirement of Director (0486N)
January 26 2016 - 9:08AM
UK Regulatory
TIDMAVON
RNS Number : 0486N
Avon Rubber PLC
26 January 2016
26 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 previously reported in the 2015 Annual Report, 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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