17th May 2019 09:43
LONDON (Alliance News) - FTSE 250-listed Hill & Smith Holdings PLC said Friday over a fifth of votes were against the re-appointment of its Chair Jock Lennox at its annual general meeting on Thursday.
At the Thursday meet, 24% of votes cast were opposed to the re-appointment of Lennox. This still left 76% in favour of Lennox - who has been chair for two years, and a non-executive for a decade - being re-elected.
Earlier at the annual general meeting, the infrastructure products maker & metal galvanizing firm had announced that the process to find the replacement for Lennox had begun. With the firm aiming to see Lennox leave the firm ahead of the 2020 annual general meeting.
In response, Hill & Smith said on Friday it would "undertake consultations" with some of its shareholders to "address any ongoing concerns they may have" in the "coming months" related to the votes against Lennox.
"Once the overall picture has been assimilated the company will report to the market on the views received and actions undertaken," Hill & Smith added.
Shares in Hill & Smith were 1,264.00 pence on Friday.
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