Clarkson PLC

AGM Information • May 6, 2020

National Storage Mechanism | Additional information

RNS Number : 1724M

Clarkson PLC

06 May 2020

Clarkson PLC

("Clarksons" or "the Company")

6 May 2020

Results of 2020 Annual General Meeting

At the Annual General Meeting (AGM) of the Company, held electronically by audiocast at 12 noon today, all resolutions were passed on a poll. The total number of votes received on each resolution was as follows:

	Description	Votes for	% of votes cast	Votes against	% of votes cast	Votes cast as % of issued share capital	Votes withheld
1	Annual Report	23,131,574	98.18	429,585	1.82	77.57%	70,078
2	Remuneration Report	14,517,181	67.06	7,131,559	32.94	71.27%	1,982,497
3	Remuneration Policy	14,637,062	67.61	7,011,582	32.39	71.27%	1,982,594
4	Re-elect Sir Bill Thomas	21,682,129	91.91	1,907,828	8.09	77.66%	41,280
5	Re-elect Mr A L Case	23,607,300	99.96	9,519	0.04	77.75%	14,419
6	Re-elect Mr J D Woyda	23,603,677	99.92	19,546	0.08	77.77%	8,015
7	Re-elect Mr P Backhouse	22,044,813	93.44	1,546,819	6.56	77.67%	39,606
8	Re-elect Ms ML Clayton	22,042,029	93.43	1,549,602	6.57	77.67%	39,606
9	Re-elect Dr T Miller	19,753,084	88.23	2,635,945	11.77	73.71%	1,242,209
10	Re-elect Mr B Nergaard	22,093,386	93.72	1,479,893	6.28	77.61%	57,958
11	Elect Ms H Truol	23,571,145	99.93	17,058	0.07	77.66%	43,035
12	Re-appoint Auditor	23,566,735	99.90	22,939	0.10	77.66%	41,563
13	Auditor's remuneration	23,594,715	99.93	15,844	0.07	77.73%	20,679
14	Authority to allot shares	21,975,640	93.08	1,635,001	6.92	77.73%	20,597
15	Authority for political donations	23,230,832	99.10	211,259	0.90	77.18%	179,850
16	ShareSave Plan	23,266,244	98.57	336,440	1.43	77.70%	28,554
17	Disapply pre-emption rights*	23,513,707	99.85	35,375	0.15	77.53%	82,156
18	Purchase own shares*	23,561,783	99.84	38,319	0.16	77.70%	31,135
19	General meeting notice period*	23,402,646	99.13	204,696	0.87	77.72%	23,896

*Special resolution requiring 75% majority.

Notes:

1.   Any proxy appointments which give discretion to the Chairman have been included in the "for" total.

2.   The total number of shares in issue is 30,374,875.

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

Statement regarding voting result

The Company notes that the remuneration resolutions were passed with approximately 67% support. The result is a significant improvement from the outcome at the 2019 AGM following an extensive engagement exercise with both shareholders and leading proxy advisors. We appreciate the support from most of our major shareholders, and will continue our engagement over the year ahead.

Availability of documents

This information will also shortly be available to view on the Company's website at www.clarksons.com/investors/ 

In accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at the AGM will be submitted to the National Storage Mechanism and will be available for inspectionat https://data.fca.org.uk/#/nsm/nationalstoragemechanism

In addition, copies of resolution 14 and resolutions 17 to 19 will be filed with Companies House.

For further details please contact:

Company enquiries:

Rachel Spencer, Company Secretary

Tel: +44(0)20 7334 3476

Mob: +44(0)7920 023476

Camarco:

Billy Clegg

Tel: +44(0)20 3757 4983

Mob: +44(0)7977 578 153

Jennifer Renwick

Tel: +44(0)20 3757 4994

Mob: +44(0)7928 471 013

About Clarkson PLC

Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.

Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors.

The Company has delivered 16 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.

Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.

For more information, visit www.clarksons.com.

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