TIDMELM
Elementis plc - Result of 2016 AGM
The Company's AGM was held today (27 April 2016) at the offices of UBS
Investment Bank in London and all resolutions proposed were passed on a poll.
For information, the following table shows the poll results for the Meeting.
The total number of shares in issue (ISC) as at 25 April 2016 was 463,166,347.
(Total voting rights: 463,166,347). The percentage figure shown after columns 2
and 4 is the percentage of the total number of votes validly cast (under law)
for each resolution (i.e. excludes votes withheld).
Resolution Votes % Votes Against % Votes % of ISC Votes
For Total voted Withheld
1. Receive 365,152,438 100.00 1,313 0.00 365,153,751 78.83 2,503,656
annual report
and accounts
2015
2. Final 366,710,973 100.00 1,349 0.00 366,712,322 79.17 948,085
dividend
3. Directors' 287,022,138 78.37 79,194,588 21.63 366,216,726 79.06 1,405,108
remuneration
report 2015
(excluding
Remuneration
policy)
4. To elect 366,154,947 99.86 497,438 0.14 366,652,385 79.16 968,980
Paul Waterman
5. To re-elect 360,838,400 98.41 5,817,597 1.59 366,655,997 79.16 997,359
Andrew Duff
6. To re-elect 366,187,365 99.86 506,427 0.14 366,693,792 79.17 966,615
Brian
Taylorson
7. To re-elect 366,149,890 99.86 505,805 0.14 366,655,695 79.16 966,140
Nick Salmon
8. To re-elect 363,915,924 99.25 2,742,836 0.75 366,658,760 79.16 964,076
Andrew
Christie
9. To re-elect 366,153,011 99.86 503,554 0.14 366,656,565 79.16 965,270
Steve Good
10, To 365,439,852 99.68 1,181,718 0.32 366,621,570 79.15 962,693
re-elect Anne
Hyland
11. Appoint 366,091,116 99.85 558,833 0.15 366,649,949 79.16 971,886
Deloitte LLP
as Auditors
12. Auditors' 365,875,290 99.78 789,248 0.22 366,664,538 79.16 957,297
remuneration
13. Special 366,671,353 100.00 2,219 0.00 366,673,572 79.16 948,263
dividend
14. Authority 339,398,018 92.57 27,233,002 7.43 366,631,020 79.15 990,815
to allot
shares
15. Authorise 365,129,578 99.59 1,503,629 0.41 366,633,207 79.15 1,028,200
political
donations
16. Hold 328,291,378 89.56 38,280,932 10.44 366,572,310 79.14 1,050,524
general
meetings at 14
clear days'
notice*
17. Disapply 334,912,720 96.18 13,313,599 3.82 348,226,319 75.18 19,435,088
pre-emption
rights*
18. Authority 363,294,045 99.08 3,363,458 0.92 366,657,503 79.16 964,332
to purchase
own shares*
* Resolutions 16 to 18 were passed as special resolutions.
The Board considers that the percentage of votes cast against or withheld in
respect of resolution number 3 (to approve the remuneration report, as shown in
the above table) to be significant. The Company has written to major
shareholders, representing more than two-thirds of its voting capital, to
address the main concerns raised. A number of shareholders accepted an offer to
meet with the Chairman or Chairman of the Remuneration Committee. The reasons
for the result of the vote on resolution number 3 are understood and the
Company will reflect on these concerns in future years.
In accordance with Listing Rule 9.6, copies of the resolutions, designated as
being special business, passed at the AGM will be submitted to the National
Storage Mechanism and will be available shortly for inspection at:
www.morningstar.co.uk/uk/NSM
These voting results and the Notice of meeting will also be available on the
Company's website at www.elementisplc.com/investors/agm-information later this
afternoon.
Wai Wong
Company Secretary
0207 067 2999
END
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April 27, 2016 10:00 ET (14:00 GMT)
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