29th Jun 2022 17:07
Date: 29 June 2022
Meggitt PLC
(the "Company")
Result of AGM
The Board is pleased to announce that all resolutions proposed in the Notice of Meeting were put to the Annual General Meeting, held earlier today, and passed on a poll. The results of the poll are shown below.
The total number of votes received for each resolution is shown below. Each shareholder present, virtually or by proxy, was entitled to one vote per share. 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 are rounded to two decimal places.
The total number of shares (excluding 9,859 treasury shares) on 27 June 2022, being those eligible to vote, was 782,878,076.
| VOTESFOR* | % | VOTESAGAINST | % | VOTESTOTAL | % of ISSUED SHARE CAPITAL** | VOTESWITHHELD |
Annual report | 194,958,877 | 100.00 | 5,704 | 0.00 | 194,964,581 | 24.90% | 1,979,405 |
Remuneration report | 175,600,772 | 89.19 | 21,290,248 | 10.81 | 196,891,020 | 25.15% | 52,966 |
Re-elect Sir Nigel Rudd | 175,574,258 | 90.75 | 17,890,871 | 9.25 | 193,465,129 | 24.71% | 3,478,857 |
Re-elect Antony Wood | 196,888,715 | 99.98 | 36,327 | 0.02 | 196,925,042 | 25.15% | 18,944 |
Re-elect Guy Berruyer | 189,612,636 | 96.29 | 7,311,002 | 3.71 | 196,923,638 | 25.15% | 20,348 |
Re-elect Louisa Burdett | 196,567,824 | 99.82 | 359,311 | 0.18 | 196,927,135 | 25.15% | 16,851 |
Re-elect Colin Day | 181,526,815 | 92.18 | 15,396,830 | 7.82 | 196,923,645 | 25.15% | 20,341 |
Re-elect Nancy Gioia | 190,640,631 | 97.55 | 4,788,512 | 2.45 | 195,429,143 | 24.96% | 1,512,672 |
Re-elect Alison Goligher | 176,494,154 | 89.62 | 20,431,290 | 10.38 | 196,925,444 | 25.15% | 18,542 |
Re-elect Guy Hachey | 192,157,355 | 97.58 | 4,767,784 | 2.42 | 196,925,139 | 25.15% | 18,847 |
Re-elect Caroline Silver | 134,380,140 | 68.24 | 62,544,113 | 31.76 | 196,924,253 | 25.15% | 19,733 |
Auditors' appointment | 194,356,794 | 98.87 | 2,218,344 | 1.13 | 196,575,138 | 25.11% | 368,848 |
Auditors' fees | 196,246,507 | 99.66 | 671,612 | 0.34 | 196,918,119 | 25.15% | 25,867 |
Allot shares | 192,097,807 | 97.55 | 4,819,119 | 2.45 | 196,916,926 | 25.15% | 27,060 |
Pre-emption rights (5 per cent)*** | 196,747,542 | 99.92 | 153,685 | 0.08 | 196,901,227 | 25.15% | 42,759 |
Pre-emption rights (additional 5 per cent)*** | 193,263,298 | 98.15 | 3,638,838 | 1.85 | 196,902,136 | 25.15% | 41,850 |
Political donations | 196,630,025 | 99.87 | 263,143 | 0.13 | 196,893,168 | 25.15% | 50,792 |
Share buy-back*** | 195,258,459 | 99.19 | 1,587,531 | 0.81 | 196,845,990 | 25.14% | 97,996 |
14 days' notice GMs*** | 187,932,017 | 95.43 | 8,990,343 | 4.57 | 196,922,360 | 25.15% | 21,626 |
* Includes discretionary votes
** Excludes the 9,859 shares held in treasury on 27 June 2022
*** Special resolution requiring 75% of votes in favour to be passed, all other resolutions were ordinary resolutions.
In accordance with Listing Rule 9.6.2, a copy of resolutions passed as special business has been submitted to the National Storage Mechanism and will be available shortly for inspection.
Resolution 11 - Re-election of Caroline Silver
Caroline Silver is an experienced non-executive director who makes a positive contribution to our Board and Committee meetings and we are pleased that the majority of our shareholders supported her re-election.
Whilst the Board acknowledges the different views amongst some of its shareholders and will continue to consider the full range of feedback when reviewing the composition of Meggitt's Board, the Board believes that Caroline devotes sufficient time to her role and is a fully engaged and valued member of the Board and the Board, alongside the majority of our shareholders, are fully supportive of her re-election.
Whilst we believe today's vote is a reflection of overboarding concerns, we will engage with the relevant shareholders to better understand the background to their vote. It is noted that owing to the changes in our shareholder composition since the last AGM as a result of the proposed acquisition by Parker-Hannifin, only 25% of shareholders voted this year compared to just over 80% in 2021 which may have impacted the result of this vote.
Meggitt PLC +44(0) 2476 826 900
Marina Thomas, Group Company Secretary ([email protected])
Katie Lewis, Deputy Company Secretary ([email protected])
Simon Grant, Assistant Company Secretary ([email protected])
Related Shares:
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