Marshalls PLC — AGM Information 2014

May 14, 2014

National Storage Mechanism | Additional information

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RNS Number : 1241H

Marshalls PLC

14 May 2014

LR 9.6.3, 9.6.18

Marshalls plc announces that all resolutions contained in the Notice of Meeting dated 10 April 2014 previously circulated to shareholders were passed on a poll at the Annual General Meeting of the Company held on Wednesday 14 May 2014 and that copies of the resolutions below (other than those concerning ordinary business) have been forwarded to the UK Listing Authority via the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk.

Resolution 15	That a general meeting, other than an Annual General Meeting, may be called on not less than 14 clear days' notice.
Resolution 16	That the Directors be and are hereby generally and unconditionally authorised in accordance with Section 551 of the Companies Act 2006 to exercise all the powers of the Company to allot shares in the Company and to grant rights to subscribe for, or to convert any security into, shares in the Company ("Rights"): (a)    up to an aggregate nominal amount of £16,614,896 representing approximately one-third of the current issued share capital of the Company; and (b)    up to a further aggregate nominal amount of £16,614,896 representing approximately one-third of the current issued share capital of the Company provided that (i) they are equity securities (within the meaning of section 560(1) of the Companies Act 2006) and (ii) they are offered by way of a rights issue to holders of ordinary shares on the Register of Members at such record date as the Directors may determine, where the equity securities respectively attributable to the interests of the ordinary shareholders are proportionate (as nearly as may be practicable) to the respective numbers of ordinary shares held, or deemed held, by them on such record date, subject to such exclusions or other arrangements as the Directors may deem necessary or expedient to deal with treasury shares, fractional entitlements or legal or practical problems arising under the laws of any overseas territory or the requirements of any regulatory authority or stock exchange or by virtue of shares being represented by depositary receipts or any other matter; provided that such authority shall expire at the conclusion of the 2015 Annual General Meeting, save that the Company may, before such expiry, make an offer or agreement which would or might require shares to be allotted or Rights to be granted after such expiry, and the Directors may allot shares and grant Rights in pursuance of such offer or agreement as if the authority conferred by this Resolution had not expired.
Resolution 17	That, subject to the passing of Resolution 16, the Directors be and are hereby empowered pursuant to Section 570 and Section 573 of the Companies Act 2006 to allot equity securities (as defined in Section 560 of the Companies Act 2006) for cash pursuant to the general authority conferred by Resolution 15 or by way of a sale of treasury shares as if Section 561(1) of the Companies Act 2006 did not apply to such allotment or sale, provided that this power shall be limited to allotments of equity securities and the sale of treasury shares: (a)    in connection with an offer of securities (but in the case of the authority granted under paragraph (b) of Resolution 15 by way of rights issue only) in favour of the holders of ordinary shares on the Register of Members at such record date(s) as the Directors may determine where the equity securities respectively attributable to the interests of the ordinary shareholders are proportionate (as nearly as may be practicable) to the respective numbers of ordinary shares held or deemed to be held by them on any such record date(s), subject to such exclusions or other arrangements as the Directors may deem necessary or expedient to deal with treasury shares, fractional entitlements or legal or practical problems arising under the laws of any overseas territory or the requirements of any regulatory body or stock exchange or by virtue of shares being represented by depositary receipts or any other matter; and (b)    (otherwise than pursuant to paragraph (i) of this Resolution 17) to any person or persons up to an aggregate nominal amount of £2,492,234; and such power shall expire at the conclusion of the 2015 Annual General Meeting of the Company, but so that the Company may before such expiry make an offer or agreement which would or might require equity securities to be allotted or treasury shares to be sold after such expiry, and the Directors may allot equity securities or sell treasury shares in pursuance of such offer or agreement as if the power conferred by this Resolution had not expired.
Resolution 18	That the Company be generally and unconditionally authorised and in accordance with Section 701 of the Companies Act 2006, to make market purchases (as defined in Section 693(4) of the Companies Act 2006) on the London Stock Exchange of up to 29,886,875 ordinary shares of 25 pence each in the capital of the Company (excluding treasury shares) (being approximately 14.99 per cent of the current issued ordinary share capital of the Company) on such terms and in such manner as the Directors of the Company may from time to time determine, provided that: (a)    the amount paid for each share (exclusive of expenses) shall not be more than the higher of (i) 5 per cent above the average of the middle market quotation for ordinary shares in the Company as derived from the London Stock Exchange Daily Official List for the 5 business days before the date on which the share is contracted to be purchased, and (ii) an amount equal to the higher of the price of the last independent trade and the highest current independent bid for an ordinary share in the Company as derived from the London Stock Exchange Trading System; (b)    the minimum price which may be paid for an ordinary share (exclusive of expenses) is 25 pence per ordinary share; and (c)    the authority herein contained shall expire at the conclusion of the 2015 Annual General Meeting of the Company, provided that the Company may, before such expiry, make a contract to purchase its own ordinary shares which would or might be executed wholly or partly after such expiry, and the Company may make a purchase of its own ordinary shares in pursuance of such contract as if the authority hereby conferred had not expired.

The proxy voting results for each resolution (all of which were passed on a poll) are as follows:

	For	Against	Withheld
Resolution 1
To receive the Report of the Directors and the Accounts for the year ended 31 December 2013 together with the Auditor's Report	147,246,403	4,782	62,717
Resolution 2
To appoint KPMG LLP as Auditors to the Company	145,304,635	1,876,334	136,482
Resolution 3
To authorise the Directors to determine the remuneration of the Auditors of the Company	147,098,327	146,970	72,154
Resolution 4
To declare a final dividend for the year ended 31 December 2013 of 3.50 pence per ordinary share in the Company	147,291,582	9,012	16,276
Resolution 5
To re-elect Andrew Allner as a Director	139,514,980	7,512,445	290,026
Resolution 6
To re-elect Ian Burrell as a Director	147,234,581	73,572	9,298
Resolution 7
To re-elect Alan Coppin as a Director	147,062,880	96,197	157,024
Resolution 8
To re-elect Mark Edwards as a Director	147,082,222	74,535	160,694
Resolution 9
To re-elect Tim Pile as a Director	147,064,921	156,458	96,072
Resolution 10
To re-elect David Sarti as a Director	147,151,796	146,583	19,072
Resolution 11
To elect Martyn Coffey as a Director	147,240,741	60,090	16,620
Resolution 12
To approve the Directors' Remuneration Policy for the year ended 31 December 2013	123,630,225	17,973,475	5,712,750
Resolution 13
To approve the Directors' Remuneration Report, excluding the Directors' Remuneration Policy, for the year ended 31 December 2013	132,391,079	14,244,807	681,564
Resolution 14
To approve the Marshalls plc 2014 Management Incentive Plan	125,607,824	20,981,287	725,040
Resolution 15
To authorise that a general meeting other than an annual general meeting may be called on no less than 14 clear days' notice	144,675,551	2,585,748	56,145
Resolution 16
To  renew the Directors' general authority to allot relevant securities	146,838,784	401,733	75,534
Resolution 17
To renew the power of the Directors to allot equity securities for cash without first offering them to shareholders pro rata to their holdings	146,956,962	307,150	53,339
Resolution 18
To grant authority to the Company to make market purchases of its own ordinary shares	146,154,341	1,155,860	7,250

14 May 2014

Enquiries:

Cathy Baxandall

Company Secretary

Tel:  01422 314777

This information is provided by RNS

The company news service from the London Stock Exchange

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