ROR Rotork Plc

TIDMROR

RNS Number : 9223J

Rotork PLC

29 April 2022

29 April 2022

Rotork Plc

('the Company' or 'Rotork')

2022 Annual General Meeting - Poll Results

The Company's 2022 Annual General Meeting ('AGM') was held today at Bailbrook House Hotel, Eveleigh Avenue, London Road West, Bath, BA1 7JD. All resolutions proposed to the meeting were decided on by a poll and were passed.

Resolutions 1 to 16 were each passed as an ordinary resolution (requiring a simple majority) and resolutions 17 to 21 were each passed as a special resolution (requiring at least a 75% majority).

The following table summarises the final poll result for each resolution:

 
        Resolution                  For (2)               Against(2)           Total Votes Cast        No. of 
                                                                                                        Votes 
                                                                                                     withheld(3) 
                             No. of Shares     %     No. of Shares     %     No. of        % 
                                                                              Shares 
                            --------------  ------  --------------  ------  ------------  ------- 
        To receive 
         the 2021 Annual 
         Report and 
  1.     audited accounts     736,110,184    99.99      77,330       0.01    736,187,514   85.56%     566,157 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To declare 
         a final dividend 
         of 4.05p per 
  2.     ordinary share       736,590,497    99.98      155,354      0.02    736,745,851   85.63%      10,171 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To approve 
         the Directors' 
         Remuneration 
  3.     Report               723,419,471    98.89     8,098,411     1.11    731,517,882   85.02%    5,236,581 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         AC Andersen 
  4.     as a director        588,174,246    79.89    148,038,163    20.11   736,212,409   85.57%     502,044 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         TR Cobbold 
  5.     as a director        728,356,448    98.93     7,891,160     1.07    736,247,608   85.57%     506,855 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         JM Davis as 
  6.     a director           732,770,735    99.53     3,475,274     0.47    736,246,009   85.57%     498,454 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         PG Dilnot 
  7.     as a director        726,552,285    98.96     7,651,816     1.04    734,204,101   85.33%    2,550,362 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To elect KT 
         Huynh as a 
  8.     director             734,474,703    99.76     1,730,666     0.24    736,205,369   85.57%     549,094 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         MJ Lamb as 
  9.     a director           721,969,037    98.06    14,286,405     1.94    736,255,442   85.57%     500,580 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To elect KFS 
         Meurk-Harvey 
  10.    as a director        734,358,310    99.74     1,889,298     0.26    736,247,608   85.57%     506,855 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-elect 
         JE Stipp as 
  11.    a director           728,396,704    98.93     7,849,660     1.07    736,246,364   85.57%     508,099 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To re-appoint 
         Deloitte LLP 
         as Auditor 
  12.    of the Company       734,351,137    99.98      181,851      0.02    734,532,988   85.37%    2,223,034 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        To authorise 
         the Audit 
         Committee 
         to determine 
         Auditor's 
  13.    remuneration         736,352,256    99.98      161,298      0.02    736,513,554   85.60%     242,468 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to make political 
  14.    donations            718,361,938    97.63    17,463,316     2.37    735,825,254   85.52%     930,768 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         for the directors 
  15.    to allot shares      636,169,485    86.42    99,975,942     13.58   736,145,427   85.56%     610,595 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to adopt new 
         rules of the 
         Rotork Share 
         Incentive 
  16.    Plan                 734,771,088    99.76     1,790,412     0.24    736,561,500   85.61%     194,522 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        General authority 
         to dis-apply 
         pre-emption 
  17.    rights*              734,622,910    99.79     1,561,168     0.21    736,184,078   85.56%     445,469 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to dis-apply 
         pre-emption 
         rights for 
         acquisitions 
         / capital 
  18.    investments*         726,507,715    98.72     9,393,327     1.28    735,901,042   85.53%     854,188 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to purchase 
         own ordinary 
  19.    shares*              736,140,371    99.96      290,249      0.04    736,430,620   85.59%     208,927 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to purchase 
         own preference 
  20.    shares*              733,296,942    99.57     3,137,991     0.43    736,434,933   85.59%   204,614 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
        Authority 
         to reduce 
         notice period 
         for general 
  21.    meetings*            603,342,109    83.47    119,498,243    16.53   722,840,352   84.01%    13,915,670 
       -------------------  --------------  ------  --------------  ------  ------------  -------  ------------- 
 

*Passed as a special resolution

The Board of Rotork plc is pleased to note that all resolutions were passed at today's AGM and welcomes the continued support of the Company's shareholders for all the resolutions proposed.

The Board notes the result of resolution 4 relating to the re-election of Ann Christin Andersen. The Board believes that she continues to discharge her role at Rotork plc effectively. However, the Board takes seriously the results of the AGM and will engage with shareholders to understand and discuss their concerns regarding over-boarding and will publish an update on that consultation within six months of the AGM.

Notes:

1. The total votes cast in favour of each resolution include those giving the Chairman discretion.

2. Votes "For" and "Against" are expressed as a percentage of votes received with percentages rounded to two decimal places.

3. A "vote withheld" is not a vote in law and is not counted in the calculation of the votes "for" or "against" a resolution.

4. The total number of ordinary 0.5p shares in issue on 29 April 2022 was 860,395,781 with no shares being held in treasury. The total number of voting rights in respect of these ordinary shares was 860,395,781 with each ordinary share having one vote.

5. In accordance with Listing Rule 9.6.2, a copy of each of all resolutions passed by the Company, other than those resolutions concerning ordinary business, will be submitted to the UK Listing Authority and made available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

6. A copy of this announcement has been posted on the Company's website at www.rotork.com/investors/index/agm.

   7.    Legal Entity Identifier: 213800AH5RZIHGWRJ718 
 
 Enquiries: 
 
 Rotork plc                                    Tel: +44 (0)1225 733 200 
 Stuart Pain, Group General Counsel 
  & Company Secretary 
  Andrew Carter, Investor Relations Director 
 
 
 FTI Consulting 
 Nick Hasell/Susanne Yule                   Tel: + 44 (0)20 3727 1340 
 

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END

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April 29, 2022 09:26 ET (13:26 GMT)