DIALIGHT PLC — AGM Information 2019

Apr 17, 2019

National Storage Mechanism | Additional information

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RNS Number : 5285W

Dialight PLC

17 April 2019

DIALIGHT PLC

RESOLUTIONS PASSED AT 2019 ANNUAL GENERAL MEETING

17 April 2019

Resolutions

Copies of the resolutions put to shareholders of Dialight plc (Company) and passed by vote on a poll at the 2019 Annual General Meeting have today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  

The results of the poll for each resolution are as follows:

RESOLUTION NUMBER	FOR	%	AGAINST	%	VOTE TOTAL	% of ISC VOTES	WITHHELD
01	25,563,384	100.00	249	0.00	25,563,633	78.57%	499
02	16,447,721	71.01	6,713,478	28.99	23,161,199	71.19%	2,402,932
03	23,622,416	92.41	1,940,075	7.59	25,562,491	78.57%	1,640
04	25,559,988	99.99	1,574	0.01	25,561,562	78.57%	2,570
05	25,258,262	98.81	305,082	1.19	25,563,344	78.57%	787
06	25,338,281	99.12	225,064	0.88	25,563,345	78.57%	787
07	25,031,966	97.92	531,379	2.08	25,563,345	78.57%	787
08	25,407,683	99.39	155,661	0.61	25,563,344	78.57%	787
09	25,107,721	98.22	455,624	1.78	25,563,345	78.57%	787
10	25,236,410	98.72	326,935	1.28	25,563,345	78.57%	787
11	25,056,151	98.02	506,800	1.98	25,562,951	78.57%	1,181
12	25,562,520	100.00	825	0.00	25,563,345	78.57%	787
13	22,953,433	90.57	2,391,029	9.43	25,344,462	77.90%	219,669
14	21,314,746	83.38	4,247,347	16.62	25,562,093	78.57%	2,039
15	20,172,356	78.91	5,390,237	21.09	25,562,593	78.57%	1,539
16	20,118,371	78.70	5,444,260	21.30	25,562,631	78.57%	1,500
17	25,504,517	99.77	58,742	0.23	25,563,259	78.57%	872
18	22,981,980	89.90	2,581,798	10.10	25,563,778	78.58%	354

In the case of resolution 2, the Board recognises that there were significant votes cast against.  The Remuneration Committee will engage with shareholders to better understand their concerns as it develops its revised Remuneration Policy.  It will then, as already planned, consult with shareholders on the revised Remuneration Policy ahead of it being put forward for shareholder approval at the 2020 AGM.

In respect to resolutions 15 and 16, the Board notes that, whilst these resolutions are consistent with the latest Pre-emption Group Principles and with the resolutions approved in previous years, there were significant votes against, and accordingly it will consult with shareholders voting against these resolutions to better understand their views in relation to the specific authorities sought.

NOTES:

1.    The 'For' vote includes those giving the Chairman discretion.

2.    Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

3.    Resolutions 15 to 18 are special resolutions.

4.    As at Tuesday, 16 April 2019 the total number of ordinary shares in issue was 32,534,237.

5.    The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.dialight.com.

6.   In accordance with Listing Rule 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, will shortly be submitted to the National Storage Mechanism for inspection at http://www.morningstar.co.uk/uk/NSM.

Richard Allan

Company Secretary

Dialight plc

Tel: +44 (0) 203 058 3546

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