7th May 2009 16:31
|
For immediate release |
7 May 2009 |
Devro plc
("Devro" or the "Company")
Annual General Meeting
Devro plc, the world's leading manufacturer of collagen products for the food industry, announces that at its Annual General Meeting ("AGM") today all the resolutions were duly passed.
As announced on 7 April, Steve Hannam becomes non-executive Chairman of Devro with immediate effect. Steve succeeds Pat Barrett OBE who retired at today's AGM.
Commenting on Pat Barrett's retirement, Peter Page, Chief Executive of Devro said "I would like to take this opportunity to thank Pat Barrett, both personally and on behalf of the Board, for his significant contribution to Devro over the past eight years. During this time, he worked closely with my predecessors, Graeme Alexander and John Neilson, to re-establish Devro on a firm footing, reduce debt levels whilst also encouraging the investments in the Czech Republic which have proven to be beneficial. In the past four years, he has also overseen a gradual replacement of all members of the Board and, most recently, has been extremely supportive of Steve Hannam who will join us as Pat's successor. We wish Pat all the very best for the future."
At the AGM all resolutions were passed on a poll vote.
The votes recorded were as follows:-
|
For |
Against |
Total Votes Cast |
|
|
1. To receive the Directors' Report and the Accounts for the year ended 31 December 2008 |
102,252,296 |
7,863 |
102,260,159 |
|
2. To declare a final dividend on the Ordinary Shares of the Company |
102,259,328 |
3,176 |
102,262,504 |
|
3. To elect Mr Peter Williams as a Director |
102,018,829 |
229,901 |
102,248,730 |
|
4. To re-elect Mr Stuart Paterson as a Director |
102,132,018 |
117,337 |
102,249,355 |
|
5. To re-appoint PricewaterhouseCoopers LLP as the Auditors and to authorise the Directors to fix their remuneration |
101,776,224 |
477,310 |
102,253,534 |
|
6. To approve the Remuneration Report for the year ended 31 December 2008 |
101,045,000 |
686,018 |
101,731,018 |
|
7. To increase the authorised share capital of the Company |
101,307,135 |
898,573 |
102,205,708 |
|
8. To renew and extend the Directors' authority to allot new shares |
101,273,465 |
919,284 |
102,192,749 |
|
9. To disapply pre-emption rights |
101,849,829 |
366,117 |
102,215,946 |
|
10. To renew the authority for the Company to purchase its own shares |
102,146,569 |
100,573 |
102,247,142 |
|
11. To approve a 14-day notice period for General Meetings other than Annual General Meetings |
100,903,667 |
1,347,562 |
102,251,229 |
For further information, please contact:
|
Diane Stewart/ / Charles Ryland |
|
|
Buchanan Communications |
Tel No: 0131 226 6150 / 020 7466 5000 |
Further information on Devro can be found on the Company's website: www.devro.plc.uk
Related Shares:
DVO.L