TIDMCKN
RNS Number : 7333N
Clarkson PLC
10 May 2018
10 May 2018
CLARKSON PLC
("the Company")
Results of 2018 Annual General Meeting
At the Annual General Meeting (AGM) of the Company held at 12
noon today at Commodity Quay, St Katharine Docks, E1W 1BF, all
resolutions were passed on a poll. The total number of votes
received on each resolution was as follows:
Description Votes % of Votes % of Votes Votes
for votes against votes cast withheld
cast cast as
% of
issued
share
capital
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Report &
1 Accounts 21,829,448 99.62 83,930 0.38 72.48% 8,992
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Remuneration
2 Report 10,773,329 57.24 8,049,314 42.76 62.26% 3,097,728
--- --------------------- ----------- ------- ---------- ------- --------- ----------
3 Final dividend 21,921,171 100 0 0.00 72.51% 1,200
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
4 Mr J Hughes-Hallett 20,659,184 96.13 830,918 3.87 71.08% 432,268
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
5 Mr A Case 21,839,579 99.64 78,137 0.36 72.50% 1,218
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
6 Mr P Anker 21,842,140 99.64 77,890 0.36 72.50% 2,341
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
7 Mr J D Woyda 21,432,166 97.77 488,986 2.23 72.51% 1,218
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
8 Mr P Backhouse 21,045,366 96.15 842,128 3.85 72.40% 34,877
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
9 Mr B Nergaard 21,035,923 96.12 849,589 3.88 72.39% 36,859
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
10 Ms ML Clayton 21,029,508 96.09 856,003 3.91 72.39% 36,859
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-elect
11 Mr E Warner 17,850,660 83.34 3,567,420 16.66 70.84% 504,290
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Re-appoint
12 auditor 21,812,333 99.98 5,306 0.02 72.16% 104,731
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Auditor's
13 remuneration 21,823,029 99.99 1,253 0.01 72.19% 34,859
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Authority
to allot
14 shares 20,300,262 92.75 1,587,007 7.25 72.39% 35,102
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Authority
for political
15 donations 21,078,825 96.35 797,909 3.65 72.36% 11,978
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Disapply
pre-emption
16 rights* 21,807,512 99.65 77,077 0.35 72.39% 4,123
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Purchase
17 own shares* 21,831,679 99.60 86,793 0.40 72.50% 3,898
--- --------------------- ----------- ------- ---------- ------- --------- ----------
Notice for
18 general meetings* 21,359,060 97.44 561,913 2.56 72.51% 1,398
--- --------------------- ----------- ------- ---------- ------- --------- ----------
* Special resolution requiring 75% majority.
Notes:
1. Any proxy appointments which give discretion to the Chairman
have been included in the "for" column.
2. The total number of shares in issue is 30,233,179.
3. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "for" or "against" a
resolution
Statement regarding voting result
The Board notes the significant vote against Resolution 2 to
approve the Directors' Remuneration Report. The principal area of
concern relates to the Executive Directors' bonus scheme which is
structured as a profit sharing arrangement. This scheme is
contractual for the CEO and CFO/COO and the Remuneration Committee
believes that it would be counter to the interests of shareholders
to enter into a renegotiation of contractual arrangements.
During 2017 we engaged with our largest shareholders and the
major proxy voting agencies and provided certain undertakings (set
out in the Remuneration Report) which include a different
remuneration structure for new directors. Notwithstanding this, the
Remuneration Committee notes the concerns raised by shareholders
and we will reflect on feedback received, whilst continuing to
ensure that we maintain our focus on the best interests of the
business and our ongoing strategy and values that we hold.
Availability of documents
In accordance with Listing Rule 9.6.2R, copies of the
resolutions (other than those comprising ordinary business) passed
at the AGM have been submitted to the UK Listing Authority and are
available for inspection at the UKLA's Document Viewing Facility
located at www.morningstar.co.uk
Enquiries:
Clarkson PLC
Rachel Spencer - Group Company Secretary, Clarkson PLC Tel: +44(0) 20 7334 3476
Camarco
Billy Clegg Tel: 020 3757 4983/ 020 3757 4994
Jennifer Renwick
This information is provided by RNS
The company news service from the London Stock Exchange
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