Norcros PLC Results of AGM (0026G)
July 21 2021 - 6:40AM
UK Regulatory
TIDMNXR
RNS Number : 0026G
Norcros PLC
21 July 2021
Norcros plc
("Norcros", the "Group" or the "Company")
Results of AGM
Following the Annual General Meeting held on 21 July 2021,
Norcros plc announces the results of the poll vote for each
resolution as follows:
Annual General Meeting Resolutions numbered as per Notice of For* Against Withheld
Meeting
Number % Number % Number
Ordinary Resolutions
To receive the audited accounts and the auditor's and
Directors' reports for the year ended
1 31 March 2021 65,816,219 99.67 216,569 0.33 1,200
2 To declare a final dividend of 8.2 pence per ordinary share
for the year ended 31 March 2021. 66,033,988 100 0 0 0
3 To approve the Directors' Remuneration Report for the year
ended 31 March 2021 45,930,648 69.56 20,097,340 30.44 6,000
4 To re-elect Alison Littley as a director 63,304,082 95.87 2,729,905 4.13 1
5 To re-elect David McKeith as director 64,806,982 98.14 1,227,006 1.86 0
6 To re-elect Nick Kelsall as a director 65,935,548 99.85 98,440 0.15 0
7 To re-appoint BDO LLP as auditor 66,031,805 99.99 683 0.01 1,500
8 To authorise the Audit and Risk Committee of the Board to
determine the auditor's remuneration 66,031,805 99.99 1,683 0.01 500
9 To authorise the Directors to allot shares up to the specified
limit 65,628,196 99.39 400,292 0.61 5,500
Special Resolutions
10 To empower the Directors to disapply pre-emption rights up to
the specified limit. 65,679,152 99.46 354,336 0.54 500
11 To empower the Directors to disapply pre-emption rights up to
the specified limit in relation
to an acquisition or other specified capital investment 65,682,737 99.47 350,751 0.53 500
12 To grant authority to purchase own shares 66,017,503 99.99 7,800 0.01 8,685
13 To approve calling of general meetings on not less than 14
clear days' notice. 65,913,054 99.82 120,934 0.18 0
*Votes 'For' include those votes giving the Chairman discretion.
The votes withheld are not a vote in law and are not counted in the
overall voting figures.
The Company's issued share capital consists of 80,887,039
ordinary 10p shares, each of which carries the right to one
vote.
Full details of the resolutions were set out in the Notice of
Annual General Meeting which is available on the Company's website
at www.norcros.com.
In accordance with Listing Rule 9.6.2 copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Company's Statement Concerning Resolution 3 (Remuneration
Report)
The Remuneration Committee and Board are obviously disappointed
with the outcome of the voting on the remuneration report. Whilst
we believe our executive remuneration arrangements are fully
aligned with our Directors' Remuneration Policy, which was approved
by a significant majority of our shareholders at our 2020 AGM, we
place great value on direct engagement with and feedback from our
shareholders. We will continue our active dialogue with
shareholders; particularly those who decided to vote against this
resolution to understand more fully their views. We will publish an
update on that engagement and on any action taken as a result of
this within six months of the AGM, in accordance with the UK
Corporate Governance Code.
ENQUIRIES:
Norcros plc Tel: 01625 547700
Nick Kelsall, Chief Executive Officer
Shaun Smith, Chief Financial Officer
Hudson Sandler Tel: 020 7796
4133
Nick Lyon
For further information, please visit the Company website:
www.norcros.com
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END
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