Morgan Advanced Materials PLC

AGM Information • May 10, 2019

National Storage Mechanism | Additional information

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RNS Number : 6982Y

Morgan Advanced Materials PLC

10 May 2019

Morgan Advanced Materials plc

RESULTS OF ANNUAL GENERAL MEETING

Morgan Advanced Materials plc confirms that all resolutions set out in the notice of its 2019 Annual General Meeting were duly passed by the requisite number of shareholders on a poll, at the meeting held on 10 May 2019. 

The poll results of each resolution are set out below. The number of the Company's Ordinary shares carrying the right to vote at the meeting was 285,369,988. Each share carried one vote.

The Board notes the outcome of the shareholder vote to re-elect Laurence Mulliez as a director and acknowledges the concerns which have been expressed regarding the number of board appointments currently held by Laurence.  Although Laurence's contribution to Morgan Advanced Materials plc has not been affected by her other commitments, Laurence has indicated her intention to review her portfolio.

Resolution	Votes For (see note 1)		Votes Against (see note 1)		Votes Withheld (see note 2)	Total Votes Cast (excl. withheld votes)	% of total issued share capital voted (excl. withheld votes)
Number of shares	% of total voted	Number of shares	% of total voted
1.   To receive the audited accounts and the Auditor's and Directors' Reports for the year ended 31 December 2018	236,048,694	100.00	10,134	0.00	149,532	236,058,828	82.72%
2.   To approve the Directors' Remuneration Report (other than the part containing the Directors' Remuneration Policy) for the year ended 31 December 2018	227,114,852	96.19	8,995,225	3.81	98,283	236,110,077	82.74%
3.   To approve the Directors' Remuneration Policy (as contained in the Directors' Remuneration Report for the year ended 31 December 2018)	229,419,016	97.17	6,688,632	2.83	100,712	236,107,648	82.74%
4.   To declare a final dividend of 7.0 pence per Ordinary share	236,194,111	100.00	8,134	0.00	6,115	236,202,245	82.77%
5.   To re-elect Jane Aikman as a Director	234,354,786	99.30	1,656,410	0.70	197,164	236,011,196	82.70%
6.   To re-elect Helen Bunch as a Director	234,348,876	99.30	1,656,422	0.70	203,062	236,005,298	82.70%
7.   To re-elect Douglas Caster as a Director	234,088,701	99.19	1,921,652	0.81	198,007	236,010,353	82.70%
8.   To re-elect Laurence Mulliez as a Director	193,890,732	84.46	35,671,521	15.54	6,646,107	229,562,253	80.44%
9.   To re-elect Pete Raby as a Director	234,367,978	99.31	1,636,477	0.69	203,905	236,004,455	82.70%
10. To elect Peter Turner as a Director	234,287,376	99.27	1,719,079	0.73	201,905	236,006,455	82.70%
11. To reappoint KPMG LLP as Auditor of the Company	224,910,439	95.29	11,107,479	4.71	190,442	236,017,918	82.71%
12. To authorise the Audit Committee to determine the Auditor's remuneration	232,353,420	98.38	3,837,620	1.62	17,320	236,191,040	82.77%
13. To authorise the Company and its subsidiaries to make political donations	233,488,057	98.87	2,668,025	1.13	52,278	236,156,082	82.75%
14. To authorise the Directors to allot shares	231,137,382	97.86	5,058,988	2.14	11,990	236,196,370	82.77%
15.* To empower the Directors to generally disapply pre-emption rights	235,767,359	99.83	413,160	0.17	27,841	236,180,519	82.76%
16. * To empower the Directors to disapply pre-emption rights in connection with acquisitions or capital investments	209,318,942	88.63	26,860,577	11.37	28,841	236,179,519	82.76%
17. * To authorise the Company to purchase its own Ordinary shares	229,661,654	97.25	6,501,977	2.75	44,729	236,163,631	82.76%
18.* To enable the Company to convene a general meeting (other than AGMs) on at least 14 days' notice	229,430,382	97.14	6,753,600	2.86	24,378	236,183,982	82.76%

In accordance with Listing Rule 9.6.2, copies of the resolutions passed by Morgan Advanced Materials plc shareholders concerning items other than ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Notes:

1.     Votes "for" and "against" are expressed as a percentage of votes received. Votes "for" include those at the Chairman's discretion.

2.     Votes "withheld" are not votes in law and, therefore, have not been included in the calculation of the proportion of votes "for" or "against" a resolution.

*     Indicates special resolution.

Enquiries:  Stephanie Mackie, Company Secretary

Telephone:  01753 837000

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