TIDMKGP

RNS Number : 2796X

Kingspan Group PLC

30 April 2021

Kingspan Group plc

AGM results

30 April 2021

Shareholders of Kingspan Group plc ("the Company") are informed that following the Annual General Meeting held today, the results of the poll vote for each resolution are as follows:

 
                                          VOTES FOR          VOTES AGAINST            TOTAL VOTES           VOTES 
                                                                                                           WITHHELD 
                                        NUMBER       %       NUMBER       %       NUMBER     % OF TOTAL 
                                                                                               VOTING 
             RESOLUTION                                                                        RIGHTS 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 01, TO ADOPT THE FINANCIAL 
  STATEMENTS.                         90,029,400   99.87      119,733    0.13   90,149,133       49.60%      183,958 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 02, DECLARE A FINAL DIVIDEND.        90,061,591   99.70      271,500    0.30   90,333,091       49.70%            0 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03A, RE-ELECT GENE M. 
  MURTAGH.                            70,560,920   89.41    8,358,375   10.59   78,919,295       43.42%   11,413,796 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03B, RE-ELECT GEOFF DOHERTY.         85,464,247   94.87    4,619,871    5.13   90,084,118       49.57%      245,361 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03C, RE-ELECT RUSSELL 
  SHIELS.                             85,433,407   94.85    4,638,243    5.15   90,071,650       49.56%      261,441 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03D, RE-ELECT GILBERT 
  McCARTHY.                           84,690,063   94.69    4,752,695    5.31   89,442,758       49.21%      890,333 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03E, RE-ELECT LINDA HICKEY.          86,498,873   96.60    3,046,107    3.40   89,544,980       49.27%      788,111 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03F, RE-ELECT MICHAEL 
  CAWLEY.                             71,058,585   78.68   19,251,430   21.32   90,310,015       49.69%       23,076 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03G, RE-ELECT JOHN CRONIN.           87,314,035   96.68    2,995,980    3.32   90,310,015       49.69%       23,076 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03H, RE-ELECT JOST MASSENBERG.       85,185,608   94.33    5,124,407    5.67   90,310,015       49.69%       23,076 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 03I, RE-ELECT ANNE HERATY.           89,360,671   98.95      949,844    1.05   90,310,515       49.69%       22,576 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 04, REMUNERATION OF AUDITORS.        90,280,738   99.94       50,853    0.06   90,331,591       49.70%        1,500 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 05, RECEIVE REPORT ON 
  REMUNERATION COMMITTEE.             55,351,412   63.23   32,183,875   36.77   87,535,287       48.16%    2,797,804 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 06, INCREASE THE LIMIT 
  FOR NON-EXECUTIVE DIRECTORS' 
  FEES.                               88,888,301   98.43    1,417,714    1.57   90,306,015       49.69%       27,076 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 07, DIRECTORS TO ALLOT 
  SECURITIES.                         89,154,662   98.70    1,176,929    1.30   90,331,591       49.70%        1,500 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 08, DIS-APPLICATION OF 
  PRE-EMPTION RIGHTS.                 86,693,037   95.98    3,630,942    4.02   90,323,979       49.70%        5,500 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 09, ADDITIONAL 5% DIS-APPLICATION 
  OF 
  PRE-EMPTION RIGHTS.                 89,807,900   99.42      520,079    0.58   90,327,979       49.70%        1,500 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 10, PURCHASE OF COMPANY 
  SHARES.                             89,778,385   99.44      501,806    0.56   90,280,191       49.67%       52,900 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 11, RE-ISSUE OF TREASURY 
  SHARES.                             89,979,194   99.61      353,397    0.39   90,332,591       49.70%          500 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 12, APPROVE EGM ON 14 
  DAYS' NOTICE.                       84,416,001   93.45    5,917,090    6.55   90,333,091       49.70%            0 
                                     -----------  ------  -----------  ------  -----------  ----------- 
 

Although supported by a majority of shareholders in each case, the Board notes that Resolution 3(f) and Resolution 5, were opposed by more than 20% of voting shareholders. In advance of the 2021 AGM, the Company engaged extensively with shareholders to develop an understanding of their views on the resolutions being proposed. In the coming months, the Board will continue to consult with major shareholders on these matters.

Notes to AGM figures:

 
 1   The percentage of votes "For" and "Against" each resolution are expressed 
      as a percentage of the total votes cast "For" and "Against" the resolution 
      (together the "Total Votes"). A vote withheld is not a vote in law 
      and is not counted in the calculation of the proportion of votes 
      "For" and "Against" a resolution. 
 
 2   The "% of Total Voting Rights" column shows the percentage that the 
      Total Votes on that resolution represent of the total number of voting 
      rights attached to shares in issue at the date of the AGM. The total 
      number of voting rights attached to shares in issue at the date of 
      the AGM was 181,742,947. 
 
 3   The full terms of all resolutions were set out in the Notice to shareholders 
      dated 22 March 2021 and made available on the Company's website www.kingspan.com/agm2021. 
 
 4   Resolutions 5, 6, 7, 8, 9, 10, 11 and 12 were passed as items of 
      special business. In accordance with the Listing Rules, copies of 
      the resolutions passed at the AGM have been submitted to Euronext 
      Dublin and to the UK National Storage Mechanism where they will shortly 
      be available for inspection. 
 

Lorcan Dowd

Group Company Secretary

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