Halma PLC

AGM Information • Jul 22, 2021

National Storage Mechanism | Additional information

RNS Number : 1804G

Halma PLC

22 July 2021

Halma plc

Results of Annual General Meeting 2021

At the Annual General Meeting (AGM) of Halma plc held today, all the resolutions contained in the Notice of Meeting and put to the meeting were duly passed. Resolutions 1 to 17 were passed as ordinary resolutions and resolutions 18 to 21 were passed as special resolutions. The results of the poll are set out below.

	Resolution	Votes For*	%	Votes Against	%	Votes Total	%  Voted	Votes Withheld**
1	Annual Report and Accounts	301,042,146	100.00	37	0.00	301,042,183	79.30%	175,256
2	Declaration of final dividend	300,526,090	99.78	673,428	0.22	301,199,518	79.34%	24,421
3	Remuneration Report	278,654,743	92.88	21,366,458	7.12	300,021,201	79.03%	1,202,738
4	Remuneration Policy	176,723,996	60.18	116,952,309	39.82	293,676,305	77.36%	7,547,634
5	Election of Dame Louise Makin	300,703,831	99.86	420,659	0.14	301,124,490	79.32%	99,449
6	Election of Dharmash Mistry	301,063,746	99.98	52,900	0.02	301,116,646	79.32%	107,293
7	Re-election of Carole Cran	267,765,435	88.91	33,401,341	11.09	301,166,776	79.33%	57,163
8	Re-election of Jo Harlow	263,310,946	87.43	37,855,546	12.57	301,166,492	79.33%	57,447
9	Re-election of Tony Rice	251,678,500	83.57	49,486,733	16.43	301,165,233	79.33%	58,706
10	Re-election of Marc Ronchetti	300,574,717	99.80	588,670	0.20	301,163,387	79.33%	60,552
11	Re-election of Roy Twite	267,620,064	88.88	33,480,216	11.12	301,100,280	79.31%	123,659
12	Re-election of Jennifer Ward	300,697,769	99.85	459,253	0.15	301,157,022	79.33%	66,917
13	Re-election of Andrew Williams	284,155,649	94.35	17,011,231	5.65	301,166,880	79.33%	57,059
14	Re-appointment of Auditor	299,530,803	99.47	1,592,144	0.53	301,122,947	79.32%	100,992
15	Remuneration of Auditor	300,681,877	99.85	444,021	0.15	301,125,898	79.32%	98,041
16	Authority to allot shares	294,564,439	97.81	6,590,482	2.19	301,154,921	79.33%	69,017
17	Authority to make political donations	292,781,368	97.23	8,343,991	2.77	301,125,359	79.32%	98,280
18	Disapplication of pre-emption rights	298,466,323	99.11	2,685,981	0.89	301,152,304	79.32%	71,435
19	Additional disapplication of pre-emption rights	292,226,899	97.04	8,925,505	2.96	301,152,404	79.32%	71,535
20	Authority to purchase own shares	295,479,918	98.44	4,688,007	1.56	300,167,925	79.07%	1,056,014
21	Notice of general meetings	278,838,624	92.59	22,330,739	7.41	301,169,363	79.33%	54,576

* Includes discretionary votes.

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

During 2020/21, the Remuneration Committee consulted extensively with Halma's largest shareholders, proxy advisors and shareholder representative organisations on the proposed Directors' Remuneration Report (Resolution 3) and the proposed Directors' Remuneration Policy (Resolution 4).

The Board was pleased to note that 92.88% of shareholders voted in support of the proposed Directors' Remuneration Report. Accordingly, the fiscal year 2022 salary change noted in the report will be implemented by the Remuneration Committee with effect from 1 June 2021.   

The Board was also pleased to note that 60.18% of shareholders voted in support of the proposed Directors' Remuneration Policy, the first substantial change for six years. Accordingly, the Policy will take effect for three years from fiscal year 2022 and will be implemented by the Remuneration Committee.

The Board acknowledges that some shareholders did not support the Policy, in part due to the impact of concurrent increases in Executive Director salaries, the potential Bonus maximum award and the potential Long Term Incentive Plan (LTIP) maximum award, with 39.82% of shareholders voting against Resolution 4.

The Board will engage with shareholders in relation to these matters in the coming months. As part of this consultation, the Board will seek to fully understand the reasons behind these votes against and will provide an update in accordance with the UK Corporate Governance Code within six months of the Annual General Meeting.

A copy of the resolutions passed at the AGM other than resolutions concerning ordinary business will shortly be available for inspection via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:
Mark Jenkins Company Secretary, Halma plc Tel: +44 (0)1494 721111

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner and healthier future for people worldwide. Our innovative products and solutions address many of the key issues facing the world today. We operate in three sectors: Safety, Medical and Environmental & Analysis. We employ over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia-Pacific. We target global niche markets where sustainable growth and high returns are supported by long-term drivers. Halma is listed on the London Stock Exchange and has been a member of the FTSE 100 index since December 2017.

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