TIDMRNO

RNS Number : 0560V

Renold PLC

18 July 2018

Renold plc

("Renold" or the "Company")

Resolutions passed at Annual General Meeting on 18 July 2018

Renold is pleased to announce that all resolutions proposed at its Annual General Meeting were duly passed. Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.renold.com.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

All resolutions put to the meeting were passed on a show of hands.

The following is a summary of the Forms of Proxy received up to 48 hours before the time of the Annual General Meeting by the Company's registrar:

 
 Resolution                       For and       %      Against       %       % of issued     Withheld* 
                                 Discretion                                  share capital 
                                                                                 voted 
 1. To receive and 
  consider the accounts 
  and the Directors' 
  and Auditor's report 
  on them                       153,883,925   99.98       23,176     0.02            68.28       2,813 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 2. To approve the 
  Directors' Remuneration                                             *** 
  Report                        114,632,326   74.53   39,178,064    25.47            68.23      99,524 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 3. To re-elect Mark 
  Harper as a Director 
  of the Company                153,835,889   99.98       38,457     0.02            68.26      35,568 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 4. To re-elect Ian 
  Griffiths as a Director 
  of the Company                153,830,270   99.97       39,806     0.03            68.26      39,838 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 5. To re-elect David 
  Landless as a Director 
  of the Company                153,842,889   99.98       25,269     0.02            68.26      41,756 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 6. To re-appoint 
  Deloitte LLP as auditors      152,844,244   99.98       33,923     0.02            67.82   1,031,747 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 7. To authorise the 
  Directors to determine 
  the auditors' remuneration    153,805,067   99.99       22,934     0.01            68.24      81,913 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 8. To authorise the 
  Directors to allot 
  shares                        152,781,462   99.27    1,116,193     0.73            68.27      12,259 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 9. Special resolution 
  to disapply pre-emption 
  rights**                      152,731,518   99.27    1,117,059     0.73            68.25      61,337 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 10. Special resolution 
  to further disapply 
  pre-emption rights**          152,726,643   99.27    1,118,314     0.73            68.25      64,957 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 11. Special resolution 
  to authorise the 
  Company to make market 
  purchases of its 
  own ordinary shares**         153,730,133   99.89      167,781     0.11            68.27      12,000 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 12. Special resolution 
  to authorise the 
  calling of a general 
  meeting on not less 
  than 14 clear days' 
  notice**                      152,786,212   99.32    1,039,385     0.68            68.24      84,317 
                               ------------  ------  -----------  -------  ---------------  ---------- 
 13. Special resolution 
  to authorise political 
  donations**                   152,593,795   99.18    1,266,267     0.82            68.26      49,852 
                               ------------  ------  -----------  -------  ---------------  ----------

NB Percentage figures are rounded to 2 decimal places

* a 'Vote Withheld' is not a vote in law and is not counted towards the votes cast 'for' or 'against' a resolution

   **      Passed as special resolutions

*** Whilst there was broad shareholder support for Resolution 2 (Approval of the Directors' Remuneration Report), the Board acknowledges the number of votes cast against. It should be noted that the remuneration policy is due to be reviewed during this financial year, and the Board will consult with shareholders as a part of this and ahead of presenting a new policy for approval at the 2019 AGM

18 July 2018

 
 Renold plc                            Tel: 0161 498 4500 
 Ian Scapens, Group Finance Director

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END

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