Chemring Group PLC

Declaration of Voting Results & Voting Rights Announcements • Mar 20, 2018

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RNS Number : 3256I

Chemring Group PLC

20 March 2018

FOR IMMEDIATE RELEASE                                                                          20 MARCH 2018

CHEMRING GROUP PLC

Result of AGM

At the Annual General Meeting of Chemring Group PLC held on 20 March 2018 all resolutions in the Notice of Meeting were considered by shareholders by means of a poll vote and all resolutions were passed by the necessary majority.

The results of the polls on the resolutions are shown in the table below and will be posted on the Company's website www.chemring.co.uk  

RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
1	245,134,429	99.70	729,993	0.30	245,864,422	87.85%	38,849
2	188,620,861	76.71	57,273,331	23.29	245,894,192	87.86%	9,078
3	245,899,187	100.00	0	0.00	245,899,187	87.86%	4,084
4	219,141,148	89.12	26,755,350	10.88	245,896,498	87.86%	6,772
5	235,923,198	95.95	9,965,981	4.05	245,889,179	87.85%	14,092
6	235,897,488	95.94	9,991,759	4.06	245,889,247	87.85%	14,033
7	245,829,074	99.98	48,914	0.02	245,877,988	87.85%	25,283
8	245,840,060	99.98	37,994	0.02	245,878,054	87.85%	24,799
9	245,830,858	99.98	47,614	0.02	245,878,472	87.85%	24,799
10	201,256,475	88.22	26,882,703	11.78	228,139,178	81.51%	17,764,092
11	227,812,723	99.52	1,096,545	0.48	228,909,268	81.79%	16,994,001
12	245,870,073	99.99	17,123	0.01	245,887,196	87.85%	15,657
13	244,304,329	99.35	1,589,710	0.65	245,894,039	87.86%	9,232
14	245,853,721	99.98	37,970	0.02	245,891,691	87.85%	11,580
15	245,824,330	99.97	77,341	0.03	245,901,671	87.86%	1,600
16	216,739,694	88.14	29,161,976	11.86	245,901,670	87.86%	1,600
17	229,194,335	93.21	16,694,522	6.79	245,888,857	87.85%	14,413
18	221,833,309	90.21	24,068,004	9.79	245,901,313	87.86%	1,540

* ISC = Issued Share Capital of the Company

The Board is disappointed to note that whilst the resolution to approve the directors' remuneration report was passed with a substantial majority, there were a significant number of votes opposing the resolution. We will engage with shareholders and representative bodies to discuss their concerns relating to our remuneration report as part of the consultation leading up to the normal three-year review of Chemring's directors' remuneration policy. The new policy will be put to shareholders for approval at the 2019 Annual General Meeting.

A copy of the ordinary and special resolutions passed at the meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

Notes:

(i) Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

(ii) A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast for and against a resolution.

(iii) Resolutions 1 to 14 were passed as ordinary resolutions. Resolutions 15 to 18 were passed as special resolutions.

For further information:

Sarah Ellard	Group Legal Director & Company Secretary, Chemring Group PLC	+44 (0)1794 833901
Rupert Pittman	Group Director of Corporate Affairs, Chemring Group PLC	+44 (0)1794 833901
James White	MHP Communications	+44 (0)203 128 8100

This information is provided by RNS

The company news service from the London Stock Exchange

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