28 May 2020
Bodycote plc - Resolutions passed at the Annual General
Meeting
Bodycote plc announces that all resolutions proposed at its
Annual General Meeting held at 12 pm
on 28 May 2020 were passed on a show
of hands.
Details of proxy voting instructions, lodged prior to the
Meeting are set out below:
| Resolution |
For
(number of votes) |
Discretion
(number of votes) |
Against
(number of votes) |
Abstention
(number of votes) |
Ordinary Resolutions |
|
|
|
|
| 1. To receive the
annual report |
159,934,020 |
45,154 |
466,253 |
1,473,395 |
Re-election of directors |
|
|
|
|
| 2. To re-elect Mrs A.C.
Quinn |
160,327,221 |
48,048 |
220,064 |
1,323,489 |
| 3. To re-elect Mr. S.C.
Harris |
161,661,161 |
45,154 |
208,437 |
4,071 |
| 4. To re-elect Ms E.
Lindqvist |
159,488,969 |
48,048 |
2,380,565 |
1,241 |
| 5. To re-elect Mr. I.B.
Duncan |
157,228,385 |
45,154 |
4,643,592 |
1,691 |
| 6. To re-elect Mr. D.
Yates |
161,585,735 |
45,154 |
286,693 |
1,241 |
| 7. To re-elect Mr. P.
Larmon |
161,668,312 |
45,154 |
204,116 |
1,241 |
| 8. To re-elect Ms. L.
Chahbazi |
161,662,038 |
45,154 |
209,940 |
1,691 |
| 9. To re-appoint the
auditors |
161,870,278 |
45,154 |
3,214 |
177 |
10. To authorise the
directors to fix auditor’s
remuneration |
161,866,030 |
48,048 |
4,745 |
0 |
| 11. To approve the
report on remuneration |
120,101,853 |
48,498 |
41,753,660 |
14,812 |
Special resolutions |
|
|
|
|
| 12. To renew authority
to allot shares |
161,029,049 |
48,048 |
839,566 |
2,160 |
13. To renew authority
for disapplication of pre-
emption rights in respect of
5% of issued share
capital |
161,840,263 |
48,048 |
23,631 |
6,881 |
14. To renew authority
for disapplication of pre-
emption rights for an additional 5%
of issued share
capital |
160,039,610 |
48,048 |
1,829,004 |
2,160 |
| 15. To renew authority
to buy own shares |
159,925,655 |
48,048 |
1,922,956 |
22,163 |
| 16. To authorise
general meetings 14 days’ notice |
158,876,729 |
45,454 |
2,989,948 |
6,692 |
| 17. Dividend waivers |
161,537,177 |
45,523 |
18,629 |
317,494 |
The number of ordinary shares in issue on 28 May 2020 was 191,456,172. A vote
withheld is not a vote in law and is not counted in the calculation
of the proportion of votes validly cast.
All resolutions presented to shareholders at today’s Annual
General Meeting were passed with a majority of votes.
However, the Board recognises that some shareholders opposed
resolution 11 (the approval of the directors’ annual report on
remuneration). While the Board is pleased that resolution 11
has received shareholder approval, it also acknowledges the views
of the shareholders who opposed the resolution. The principal
concern being in respect of the CEO’s 2020 salary increase.
We contacted our major shareholders before the Annual General
Meeting to offer to discuss their views on this matter. We
will continue to engage with our shareholders to ensure views are
fully understood and report back within six months.
A copy of the Resolutions passed as Special Business at the
Annual General Meeting is being submitted to the UK Listing
Authority and will shortly be available for inspection at the FCA
Electronic Submission System, which is situated at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
U. Ball, Group Company Secretary, Bodycote plc
Tel: +44 (0)1625 505300