Elementis PLC

AGM Information • Apr 24, 2014

ELEMENTIS PLC SPECIAL BUSINESS

(Passed 24 April 2014)

In accordance with Listing Rule 9.6.2, at the Annual General Meeting of the Company duly convened and held on 24 April 2014 the following resolutions designated as special business are hereby notified to the National Storage Mechanism. Resolutions 14 and 15 were ordinary resolutions and Resolutions 16 to 18 were special resolutions

• 14.To declare a special dividend on the ordinary shares, as recommended by the directors, for the year ended 31 December 2013.
• 15.That the authority conferred by Article 4.2 of the Company's Articles of Association will be renewed and so that for this purpose the Section 551 amount in the Companies Act 2006 ("2006 Act") will be £7,647,182 and the prescribed period will be the period from the date this resolution is passed and the earlier of the date of the next Annual General Meeting or 30 June 2015.
• 16.That, for the purposes of The Companies (Shareholders' Rights) Regulations 2009, any general meeting of the Company other than the Annual General Meeting may be held at 14 clear days' notice even if the purpose of such a general meeting is for the purposes of passing a special resolution.
• 17.That:
• (a) the power conferred by Article 4.4 of the Company's Articles of Association be renewed and so that for this purpose the Section 561 amount under the 2006 Act will be £1,147,077 and the prescribed period will be the period from the date this resolution is passed and the earlier of the date of the next Annual General Meeting or 30 June 2015;
• (b) such power shall extend to the sale of treasury shares (within the meaning of Section 724 of the 2006 Act) for cash as if in respect of any such sale the words 'pursuant to the authority conferred by Article 4.2' were omitted from the second line of Article 4.4; and
• (c) for the purpose of such power the reference in Article 4.4 (a) to "all holders (at a date selected by the Board) of issued Ordinary Shares (as nearly as practicable) in proportion to the number of Ordinary Shares respectively held by them" shall be deemed to exclude the Company in respect of any treasury shares held by it.
• 18.That the authority conferred on the Company at the Sixteenth Annual General Meeting to make market purchases (as defined in Section 693 of the 2006 Act) of ordinary shares of 5 pence each in the capital of the Company be hereby renewed provided that:
• (a) the maximum number of Ordinary Shares hereby authorised to be purchased is 45,883,096;
• (b) the minimum price which may be paid for such shares is 5 pence per share exclusive of expenses;
• (c) the maximum price, exclusive of expenses, which may be paid for each such share is an amount equal to 105 per cent of the average of the market values for such share as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the share is contracted to be purchased;
• (d) unless previously renewed, varied or revoked, the authority hereby conferred shall expire at the conclusion of the next Annual General Meeting of the Company or 30 June 2015, if earlier; and
• (e) the Company may make a contract to purchase its own shares under the authority hereby conferred prior to the expiry of such authority, which will or may be executed wholly or partly after the expiry of such authority and may make a purchase of its own shares in pursuance of any such contract.