Diploma PLC — AGM Information 2020

Jan 16, 2020

National Storage Mechanism | Additional information

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RNS Number : 0418A

Diploma PLC

16 January 2020

DIPLOMA PLC

12 CHARTERHOUSE SQUARE, LONDON EC1M 6AX

TELEPHONE: +44 (0)20 7549 5700

FACSIMILE: +44 (0)20 7549 5715

FOR IMMEDIATE RELEASE

16 January 2020

RESULT OF ANNUAL GENERAL MEETING ("AGM")

All of the resolutions put to shareholders at the AGM of Diploma PLC held yesterday, were passed by poll votes. The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website. The results of the AGM have now been published on the Company's website at https://www.diplomaplc.com/investors/agm/

The Company has submitted copies of resolutions, concerning items other than ordinary business to the National Storage Mechanism and these will shortly be available for inspection at www.morningstar.co.uk/uk/nsm 

The total number of votes cast for each resolution is set out in the table below.

Summary of Proxy Votes Cast

Resolution	Description	For	%	Against	%		Withheld
1	Receive Annual Report & Accounts 2019	97,619,424	99.99	11,244	0.01		91,474
2	Approve Final Dividend	97,697,066	99.97	25,077	0.03		0
3	Re-elect JE Nicholas	94,264,570	96.60	3,321,667	3.40		135,905
4	Elect JD Thomson	97,033,774	99.30	681,447	0.70		6,922
5	Re-elect NP Lingwood	96,693,110	98.95	1,022,111	1.05		6,922
6	Re-elect CM Packshaw	92,914,394	95.09	4,800,827	4.91		6,922
7	Re-elect AP Smith	90,324,552	92.44	7,390,668	7.56		6,922
8	Re-elect A Thorburn	92,914,394	95.09	4,800,827	4.91		6,922
9	Re-appoint PricewaterhouseCoopers LLP as Auditor	97,710,256	100.00	4,838	0.00		7,049
10	Authorise Board to Determine Auditor Remuneration	97,712,232	100.00	2,989	0.00		6,922
11	Remuneration Policy	60,768,041	79.98	15,209,003	20.02		21,745,098
12	Remuneration Report	51,335,927	55.81	40,645,728	44.19		5,740,487
13	2020 Performance Share Plan	85,878,571	87.93	11,789,234	12.07		54,337
14	Authority to Allot Shares	85,326,863	87.33	12,380,608	12.67		7,672
15 (SR)	Pre-emption Rights	95,538,418	97.77	2,179,661	2.23		4,064
16 (SR) 17(SR)	Additional Pre-emption rights Authorise Market Purchases	94,899,155 97,091,290	97.12 99.40	2,818,923 590,726	2.88 0.60		4,064 40,126
18 (SR)	Shorter Notice for General Meetings	92,080,528	94.23	5,639,115	5.77		2,500

Notes:

1.     A total of 97,722,143 votes were validly cast, including a total of 279 proxy votes.

2.    The Company's Issued Share Capital ("ISC") is 113,239,555 ordinary shares of 5p each and the proportion of the ISC represented by those votes validly cast is 86.30%.

3.     A vote withheld is not a vote in law and is not counted.

4.     In relation to Resolution 11 (the Directors' Remuneration Policy - the "Policy") there were 79.98% of votes cast in favour of this resolution, therefore the Resolution to approve the Policy was passed and the Policy will now apply for up to three years unless earlier replaced by a new or amended Policy.

5.     In relation to Resolution 12 (the Directors' Remuneration Report - the "Report") there were 55.81% of votes cast in favour of this resolution, therefore the Resolution to approve the Report was passed.

6.     We acknowledge the concerns that some of our shareholders have expressed in respect of Resolutions 11 and 12. We carried out a detailed consultation process on Directors' Remuneration in Autumn 2019 and we will continue to consult and engage with our shareholders to better understand their views and we will provide an update within six months.

AJ Gallagher

Group Company Secretary

Diploma PLC

For further information, please contact:

Diploma PLC -	+44 (0)20 7549 5700
Anthony Gallagher, Group Company Secretary

LEI:2138008OGI7VYG8FGR19

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