TIDMMGGT

RNS Number : 6919K

Meggitt PLC

23 April 2020

Date: 23 April 2020

Meggitt PLC

("the Company")

Result of AGM

The Board is pleased to announce that all resolutions (except resolution 4) proposed in the Notice of Meeting were put to the Annual General Meeting held earlier today and passed on a poll. As announced on 27 March 2020, the Board decided that it was prudent to withdraw the recommendation to pay the final dividend of 11.95 pence per share and accordingly this resolution was not put to the meeting. The poll results are shown below.

The total number of votes received for each resolution is set out in the voting schedule below. Each shareholder present in person or by proxy was entitled to one vote per share held. Votes withheld are not votes in law and therefore have not been counted in the calculation of the percentage of votes for or against a resolution. The percentages shown below are rounded to 2 decimal places.

Resolutions 17, 18, 20 and 21 were passed as special resolutions; all other resolutions were passed as ordinary resolutions.

Whilst all resolutions were passed with the requisite majority of votes, we acknowledge that a number of our shareholders did not support Resolution 16 (Authority to allot shares). It remains standard market practice for many UK FTSE listed companies to retain this type of authority. The authority sought by the Company is in accordance with the UK Investment Association's share capital management guidelines and prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies. However, we will continue our ongoing engagement with shareholders to better understand the position of those for which this authority presents concerns and will keep best practice in this area under review.

The total voting rights of the Company on 21 April 2020, the day on which shareholders had to be on the register in order to be eligible to vote, was 780,705,192.

 
                        VOTES FOR*      %      VOTES AGAINST     %     VOTES TOTAL   % Issued Share     VOTES 
                                                                                        Capital**      WITHHELD 
    Annual report       618,692,267   100.00       2,421       0.00    618,694,688       79.25         633,225 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
     Remuneration 
        Policy          582,387,803   94.96     30,295,843     5.04    613,313,646       78.56        6,014,417 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
     Remuneration 
        Report          580,686,499   94.65     32,817,185     5.35    613,503,684       78.58        5,824,350 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Dividend                                          RESOLUTION WITHDRAWN 
                       ---------------------------------------------------------------------------------------- 
       Re-elect 
        Si r Ni 
       gel Rudd         523,320,504   85.38     89,624,788     14.62   612,945,292       78.51        6,376,762 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
      Antony Wood       618,870,034   100.00      27,332       0.00    618,897,366       79.27         430,698 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
     Guy Berruyer       596,122,155   96.32     22,768,989     3.68    618,891,144       79.27         436,921 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
    Louisa Burdett      616,955,096   99.69      1,942,780     0.31    618,897,876       79.27         430,189 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
       Colin Day        585,953,339   94.68     32,937,464     5.32    618,890,803       79.27         437,262 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
      Nancy Gioia       617,679,825   99.80      1,221,677     0.20    618,901,502       79.27         426,563 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
    Alison Goligher     591,963,449   95.74     26,319,733     4.26    618,283,182       79.20        1,044,883 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
      Guy Hachey        617,680,381   99.80      1,216,106     0.20    618,896,487       79.27         431,578 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       Re-elect 
       Caroline 
        Silver          544,383,734   87.96     74,514,665     12.04   618,898,399       79.27         429,666 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
      Auditors' 
      appointment       611,257,932   98.76      7,687,925     1.24    618,945,857       79.28         382,206 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
      Auditors' 
         fees           618,559,815   99.94       381,098      0.06    618,940,913       79.28         387,150 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
     Allot shares       497,529,143   80.38     121,416,273    19.62   618,945,416       79.28         382,648 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
     Pre-emption 
    rights (5%)***      618,842,981   99.99       86,905       0.01    618,929,886       79.28         398,169 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
     Pre-emption 
  rights (additional 
        5%)***          614,017,969   99.21      4,906,146     0.79    618,924,115       79.28         403,949 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
      Political 
       donations        605,340,648   97.80     13,603,009     2.20    618,943,657       79.28         384,407 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
  Share buy-back***     613,972,423   99.20      4,929,794     0.80    618,902,217       79.27         425,847 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
       14 days' 
     notice GMs***      592,622,229   95.74     26,342,988     4.26    618,965,217       79.28         362,847 
                       ------------  -------  --------------  ------  ------------  ---------------  ---------- 
 

*Includes discretionary votes

** Excluding the 9,859 shares held in treasury on 21 April 2020

*** Special resolution requiring 75% of votes in favour to be passed

Two copies of resolutions passed as special business at today's Annual General Meeting will, in accordance with Listing Rule 9.6.2, be submitted to the National Storage Mechanism as soon as practicable and will be available for inspection at www.morningstar.co.uk/uk/nsm .

Meggitt PLC

Marina Thomas, Group Company Secretary ( marina.thomas@meggitt.com )

Katie Lewis, Senior Assistant Company Secretary ( katie.lewis@meggitt.com )

Simon Grant, Assistant Company Secretary ( simon.r.grant@meggitt.com )

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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April 23, 2020 09:15 ET (13:15 GMT)

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