1st Aug 2014 18:06
1 August 2014
Vedanta Resources plc
("the Company")
Results of the Annual General Meeting
The annual general meeting ('AGM') of the Company was held on 1 August 2014 at 3pm.
A poll was conducted on each resolution proposed at the meeting and the results are detailed below:
Resolution | Type of resolution | For | Against | Total votes cast | Votes withheld1 | ||||
(Full text of resolutions is set out in the Notice of Annual General Meeting) | Special/ Ordinary | No. of votes | % | No. of votes | % | No. of votes | % of ISC voted | No. of votes | |
1. To receive the 2014 Report and Accounts | Ordinary | 239,720,841 | 98.95 | 2,547,817 | 1.05 | 242,268,658 | 87.82% | 343,679 | |
2. To approve the Directors' Remuneration Policy | Ordinary | 240,062,105 | 99.33 | 1,630,575 | 0.67 | 241,692,680 | 87.61% | 731,195 | |
3. To approve the Directors' Remuneration Report | Ordinary | 224,605,024 | 93.32 | 16,073,243 | 6.68 | 240,678,267 | 87.24% | 1,745,608 | |
4. To approve the final dividend | Ordinary | 242,205,040 | 99.92 | 202,714 | 0.08 | 242,407,754 | 87.87% | 16,120 | |
5. To elect T Albanese as a Director | Ordinary | 242,121,998 | 99.89 | 257,421 | 0.11 | 242,379,419 | 87.86% | 16,329 | |
6. To re-elect A Agarwal as a Director | Ordinary | 218,711,271 | 96.52 | 7,881,645 | 3.48 | 226,592,916 | 82.13% | 15,831,059 | |
7. To re-elect N Agarwal as a Director | Ordinary | 241,252,845 | 99.77 | 560,240 | 0.23 | 241,813,085 | 87.65% | 610,890 | |
8. To re-elect E Macdonald as a Director | Ordinary | 224,809,509 | 99.21 | 1,783,406 | 0.79 | 226,592,915 | 82.13% | 15,831,059 | |
9. To re-elect A Mehta as a Director | Ordinary | 218,621,740 | 96.76 | 7,324,077 | 3.24 | 225,945,817 | 81.90% | 16,478,157 | |
10. To re-elect D Parekh as a Director | Ordinary | 220,841,317 | 97.46 | 5,751,598 | 2.54 | 226,592,915 | 82.13% | 15,831,059 | |
11. To re-elect G Green as a Director | Ordinary | 238,293,974 | 98.30 | 4,113,680 | 1.70 | 242,407,654 | 87.87% | 16,320 | |
12. To re-appoint Deloitte LLP as auditors | Ordinary | 240,474,729 | 99.20 | 1,928,746 | 0.80 | 242,403,475 | 87.87% | 20,499 | |
13. To authorise directors to agree the auditors' remuneration | Ordinary | 241,744,365 | 99.73 | 660,228 | 0.27 | 242,404,593 | 87.87% | 19,246 | |
14. To authorise the directors to allot shares | Ordinary | 242,405,101 | 100.00 | 2,253 | 0.00 | 242,407,354 | 87.87% | 16,620 | |
15. To approve the Company's performance share plan | Ordinary | 239,724,271 | 99.31 | 1,671,224 | 0.69 | 241,395,495 | 87.50% | 1,028,344 | |
16. To disapply pre-emption rights | Special | 242,324,245 | 99.97 | 82,009 | 0.03 | 242,406,254 | 87.87% | 17,720 | |
17. To authorise the Company to make market purchases of own shares | Special | 242,401,685 | 100.00 | 5,919 | 0.00 | 242,407,604 | 87.87% | 16,370 | |
18. To authorise a general meeting to be called on not less than 14 days' notice | Special | 237,221,131 | 97.86 | 5,186,223 | 2.14 | 242,407,354 | 87.87% | 16,620 | |
1. A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.
All resolutions put to the meeting as set out in the Notice of Meeting were carried.
A copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.
Deepak Kumar
Company Secretary
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Vedanta Resources