TIDMLAM
RNS Number : 4835Y
Lamprell plc
06 September 2022
6 September 2022
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
RESULTS OF 2022 AGM
The Company held its 2022 Annual General Meeting today at 5.00PM
local time, at the Lamprell Hamriyah offices in Sharjah, United
Arab Emirates. Meeting attendance was reduced to the minimum
necessary quorum of shareholders, facilitated by the Company.
All valid proxy votes (whether submitted electronically or in
hard copy form) were included in the poll taken at the meeting.
Resolutions 6, 7, 12 and 13 were not put to the meeting as they
related to the appointment of Non-Executive Directors that had
stepped down from the Board since publication of the Notice of
Annual General Meeting. All other resolutions set out in the Notice
of Annual General Meeting were passed by the requisite majority
except for Resolution 2, further details of which are set out
below.
Each of the resolutions put to the Annual General Meeting was
voted on by way of a poll and the results are set out below:
Resolution Resolution TOTAL SHARES FOR/ DISCRETION % AGAINST % WITHHELD
no VOTED
Ordinary Business
2021 Report and
1 Accounts 275,879,439 275,858,086 99.9 21,353 <0.1 1,685,233
Approve the 2021
Annual Report
2 on Remuneration 52,862,579 6,403,161 12.1 46,459,418 87.9 224,702,093
Re-elect John
Malcolm as a
director of the
3 Company 277,520,636 274,819,605 99.0 2,701,031 1.0 44,036
Re-elect Christopher
McDonald as a
director of the
4 Company 277,520,636 277,455,045 99.9 65,591 <0.1 44,036
Re-elect Antony
Wright as a director 277, 46
5 of the Company 0,636 277,394,789 99.9 65,847 <0.1 104,036
Re-elect Debra
Valentine as
a director of
8 the Company 277,520,636 254,120,131 91.6 23,400,505 8.4 44,036
Re-elect Debra
Valentine as
a director of
the Company (Independent
9 Shareholder vote) 158,088,345 152,194,665 96.3 5,893,680 3.7 44,036
Re-elect Mel
Fitzgerald as
a director of
1o the Company 275,869,840 258,567,027 93.7 17,302,813 6.3 1,694,832
Re-elect Mel
Fitzgerald as
a director of
the Company (Independent
11 Shareholder vote) 156,437,549 154,517,449 98.8 1,920,100 1.2 1,694,832
Re-appoint Deloitte
LLP as auditors
14 of the Company 277,531,235 275,858,133 99.4 1,673,102 0.6 33,437
Authorise the
Audit & Risk
Committee to
fix the auditors'
15 remuneration 277,530,235 277,513,813 99.9 16,422 <0.1 34,437
Special Business
Authorise the
directors to
allot shares
pursuant to Article
16 5.1 277,531,035 277,400,646 99.9 130,389 <0.1 33,637
Pre-emption rights
pursuant to Article
17 5.2 277,531,035 274,684,429 99.0 2,846,606 1.0 33,637
Directors' authority
to make market
purchases of its
18 own shares 173,068,688 171,370,867 99.0 1,697,821 1.0 104,495,984
Resolution 2 - Directors' Remuneration Report 2021
The Board thanks those shareholders voting for their support at
the 2022 AGM. We note, however, that a majority of shareholders
voting did not approve resolution 2 (Approve the Directors'
Remuneration Report for 2021). This vote (as in past years) was a
voluntary and non-binding resolution.
The Board will reflect on the implications of this vote but
notes that shareholders are being asked to approve the delisting of
the Company and its re-registration as a private company at an
Extraordinary General Meeting to be held on 26 September 2022.
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 votes for or against a
resolution and is not included in the total proxy votes received
for each resolution.
3. Number of ordinary shares of 5 pence each in issue at meeting
date: 412,817,636.
4. The Controlling Shareholder (as defined in the AGM Notice)
was not eligible to vote on resolutions 9 and 11. Voting on
resolutions 9 and 11 was by Independent Shareholders (as defined in
the AGM Notice) only. The Controlling Shareholder holds a total of
119,432,291 Ordinary Shares, equating to 28.9% of the issued
ordinary share capital with voting rights.
5. Copies of the resolutions passed as Special Business will be
submitted to the National Storage Mechanism and will be available
for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
- Ends -
Enquiries:
Lamprell plc
Maria Babkina, Investor Relations +44 (0) 7852 618 046
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Notes to editors
Lamprell is a leading provider of services to the international
energy sector. Driving strategy and growth through its Renewables,
Oil & Gas and Digital business units, underpinned by almost
half a century of expertise, the Group has worked hard to establish
its reputation for delivering projects safely, on time and to
budget.
The Group has firmly established its international credentials
in the renewables sector as well as continuing to build on its
traditional oil and gas credentials. We are recognised for building
complex offshore and onshore process modules and platforms,
fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 4,000 people across multiple
facilities, with its primary facilities located in Hamriyah, in the
UAE. Combined, the Group's facilities cover approximately 800,000m2
with over 1.5 km of quayside. In addition, the Group has facilities
in Saudi Arabia (through a joint venture agreement). Lamprell is
listed on the London Stock Exchange (symbol "LAM")."
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END
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September 06, 2022 09:53 ET (13:53 GMT)
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