TIDMTIFS

RNS Number : 9631M

TI Fluid Systems PLC

14 May 2020

14 May 2020

TI Fluid Systems plc

(the "Company")

Results of Annual General Meeting 2020 ("AGM")

The Company announces the results of the AGM which was held today, Thursday, 14 May 2020.

The table below shows the proxy position of all Resolutions as at the close of books on 12 May 2020 at 2 pm except Resolution 3 which is shown based on the poll conducted at the AGM.

 
                              VOTES FOR             VOTES AGAINST             VOTES TOTAL         VOTES WITHHELD 
      RESOLUTION         Number of     % of      Number of     % of      Number of   % of issued    Number of 
                           shares      shares      shares      shares      shares       share         shares 
                                       voted                   voted                   capital 
     ----------------  ------------  --------  ------------  --------  ------------  -----------  -------------- 
      Annual 
       report 
 1     and accounts     490,837,768    99.64%     1,782,302     0.36%   492,620,070       94.69%         166,362 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Directors' 
       remuneration 
 2     report           468,397,586    95.33%    22,936,030     4.67%   491,333,616       94.44%       1,452,816 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Declaration 
       of final 
 3     dividend         210,415,347    42.70%   282,361,356    57.30%   492,776,703       94.72%           9,929 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of Manfred 
       Wennemer 
 4     as a director    490,826,967    99.64%     1,766,403     0.36%   492,593,370       94.68%         193,062 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of William 
       L. Kozyra 
 5     as a director    492,481,598    99.94%       297,136     0.06%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Election 
       of Tim 
       Cobbold 
 6     as a director    492,521,104    99.95%       257,630     0.05%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of Andrea 
       Dunstan 
 7     as a director    492,521,104    99.95%       257,630     0.05%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Election 
       of Ron 
       Hundzinski 
 8     as a director    487,920,265    99.01%     4,858,468     0.99%   492,778,733       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Election 
       of Susan 
       Levine 
 9     as a director    492,481,598    99.94%       297,136     0.06%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of Elaine 
       Sarsynski 
 10    as a director    492,521,104    99.95%       257,630     0.05%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of John 
       Smith as 
 11    a director       492,521,104    99.95%       257,630     0.05%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-election 
       of Stephen 
       Thomas 
 12    as a director    492,165,895    99.88%       612,839     0.12%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------  ------------  -----------  -------------- 
      Re-election 
       of Jeffrey 
       Vanneste 
 13    as a director    492,092,617    99.86%       686,117     0.14%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Re-appointment 
 14    of auditor       492,271,650    99.90%       505,415     0.10%   492,777,065       94.72%           9,367 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Auditors' 
 15    remuneration     492,273,319    99.90%       505,415     0.10%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Directors' 
       authority 
       to allot 
 16    shares           492,386,016    99.92%       392,718     0.08%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Disapplication 
       of pre-emption 
       rights 
 17    *                492,668,225   100.00%             0     0.00%   492,668,225       94.69%         118,207 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Further 
       disapplication 
       of pre-emption 
       rights 
 18    *                492,668,225   100.00%             0     0.00%   492,668,225       94.69%         118,207 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Authority 
       to purchase 
       shares 
 19    *                488,254,576    99.09%     4,492,160     0.91%   492,746,736       94.71%          39,695 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Political 
       donations 
 20    or expenditure   490,336,817    99.73%     1,323,775     0.27%   491,660,592       94.50%       1,125,840 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
      Notice 
       of general 
       meeting 
 21    *                490,914,589    99.62%     1,864,145     0.38%   492,778,734       94.72%           7,698 
     ----------------  ------------  --------  ------------  --------                -----------  -------------- 
 

* Special resolutions

Votes excluding controlling shareholders on the resolutions concerning the re-election of the Independent Non-Executive Directors

 
                              VOTES FOR            VOTES AGAINST            VOTES TOTAL           VOTES 
                                                                                                 WITHHELD 
      RESOLUTION          Number       % of       Number      % of      Number of      % of       Number 
                         of shares     shares    of shares    shares      shares      issued     of shares 
                                       voted                  voted                    share 
                                                                                      capital 
     ----------------  ------------  --------  -----------  --------  ------------  ---------  ----------- 
      Re-election 
       of Manfred 
       Wennemer 
 4     as a director    208,522,982    99.16%    1,766,403     0.84%   210,289,385     88.37%      193,062 
     ----------------  ------------  --------  -----------  --------                ---------  ----------- 
      Election 
       of Tim Cobbold 
 6     as a director    210,217,119    99.88%      257,630     0.12%   210,474,749     88.45%        7,698 
     ----------------  ------------  --------  -----------  --------                ---------  ----------- 
      Re-election 
       of Andrea 
       Dunstan 
 7     as a director    210,217,119    99.88%      257,630     0.12%   210,474,749     88.45%        7,698 
     ----------------  ------------  --------  -----------  --------                ---------  ----------- 
      Re-election 
       of Elaine 
       Sarsynski 
 10    as a director    210,217,119    99.88%      257,630     0.12%   210,474,749     88.45%        7,698 
     ----------------  ------------  --------  -----------  --------                ---------  ----------- 
      Re-election 
       of John 
       Smith as 
 11    a director       210,217,119    99.88%      257,630     0.12%   210,474,749     88.45%        7,698 
     ----------------  ------------  --------  -----------  --------                ---------  ----------- 
      Re-election 
       of Jeffrey 
       Vanneste 
 13    as a director    209,788,632    99.67%      686,117     0.33%   210,474,749     88.45%        7,698 
     ----------------  ------------  --------  -----------  --------  ------------  ---------  ----------- 
 

The Board notes the outcome of the shareholder vote on Resolution 3 concerning the payment of the 2019 final dividend. As a consequence, the 2019 final dividend will not be paid to shareholders.

Notes:

1. Any proxy appointments which gave discretion to the Chairman have been included in the 'For' total.

   2.     The total number of ordinary shares in issue at 12 May 2020 was 520,269,141. 

3. Total ordinary shares held by shareholders excluding the controlling shareholder at 12 May 2020 was 237,965,156.

   4.     A 'Vote Withheld' is not counted towards the votes cast 'For' or 'Against' a resolution. 

A copy of all resolutions passed, other than those concerning ordinary business, will today be submitted to the National Storage Mechanism in accordance with Listing Rule 9.6.2. These resolutions will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.tifluidsystems.com .

 
 Enquiries: 
 
 TI Fluid Systems plc 
 David J Royce           +1 (248) 376 8624 
 Investor Relations 
 
 FTI Consulting          +44 (0)20 3727 1340 
 Richard Mountain 
 Nick Hasell 
 
 
 

About TI Fluid Systems plc

TI Fluid Systems plc, (LSE: TIFS) is a leading global manufacturer of highly engineered automotive fluid storage, carrying and delivery systems primarily for the light duty automotive market. With nearly 100 years of automotive fluid systems experience, TI Fluid Systems has manufacturing facilities in 108 locations across 28 countries serving all major global OEMs.

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