SIG PLC — AGM Information 2018

May 10, 2018

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RNS Number : 7209N

SIG PLC

10 May 2018

10 May 2018

SIG plc

("SIG" or the "Company")

Results of Annual General Meeting ("AGM")

LEI: 213800VDC1BKJEZ8PV53

SIG announces that Resolutions 1 to 10 and 12 to 17 contained in the Notice of Annual General Meeting dated 4 April 2018 previously circulated to shareholders were duly passed by way of a show of hands at the Annual General Meeting ("AGM") of the Company held earlier today. Resolution 11 was defeated by way of a poll.

A breakdown of the proxy votes lodged prior to the AGM for each resolution are set out below:-

Resolution	For	Against	Withheld
1.  To receive the financial statements	271,269,028	232,436,879	1,411,555
2.  To approve the Annual Statement by the Chair of the Remuneration Committee and the Directors' Report on Remuneration	456,590,411	10,396,427	38,130,624
3.  To declare a final dividend	449,197,247	55,551,476	368,740
4.  To elect Mr A Allner	441,991,280	58,541,519	4,584,662
5.  To re-elect A Abt	452,098,424	52,640,136	378,902
6.  To re-elect J E Ashdown	452,038,435	52,701,737	370,290
7.  To re-elect I B Duncan	472,324,036	28,438,790	4,354,636
8.  To re-elect M Ewell	450,723,310	54,017,657	373,495
9.  To re-elect N W Maddock	503,402,881	1,333,658	380,924
10. To re-elect M Oldersma	501,968,585	2,773,883	374,995
11. To re-appoint Deloitte LLP as Auditor	108,962,143	395,827,122	371,198
12. To authorise the Audit Committee of the Board to determine the Auditors' remuneration	503,323,009	1,423,432	371,021
13. To authorise the Directors to allot shares in the Company or grant rights to subscribe for or convert any security into shares in the Company	487,402,397	17,713,231	1,835
14. To empower the Directors to allot equity securities for cash	495,863,775	9,248,773	4,915
15. To empower the Directors to allot equity securities for cash (further 5%)	458,151,232	46,961,315	4,915
16. To renew the authority for the Company to purchase its own shares	469,601,008	35,127,916	388,538
17. To call general meetings on not less than 14 clear days' notice	478,828,769	25,907,612	381,082

Notes

1.         Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.         A "vote withheld" is not a vote in law and is not counted in the calculation proportion of the votes "for" or "against" a resolution.

3.         In accordance with UK Listing Rule 9.6.2R, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

4.         A copy of the poll results for the Annual General Meeting is also available on the SIG plc website at www.sigplc.com.

5.         Issued share capital as at 10 May 2018 is 591,548,235 ordinary shares of 10 pence each in the capital of the Company.

In relation to today's AGM, the Board recognises that there has been a vote against Resolution 11 (re-appointment of the external auditors) and a substantial number of votes cast against Resolution 1 (approval of the Annual Report and Accounts). The Board takes the views of shareholders extremely seriously, and takes this opportunity to inform shareholders that it is committed to carrying out an EU Audit Regulation compliant audit tender for the role of external auditor, as soon as practicable. The Board intends to consult with shareholders over coming weeks on the timing of that audit tender process and the resulting appointment of a new auditor.

In the meantime, Deloitte LLP will conclude the closing out and signing off process of the Group's subsidiary company accounts for the year ended 31 December 2017.

Enquiries:

SIG plc
Meinie Oldersma, Chief Executive Officer	+44 (0) 114 285 6300
Nick Maddock, Chief Financial Officer	+44 (0) 114 285 6300
FTI Consulting
Richard Mountain / Nick Hasell	+ 44 (0) 20 3727 1340
Jefferies Hoare Govett
Chris Dickinson / Paul Nicholls	+44 (0) 20 7029 8000
Peel Hunt LLP
Justin Jones / Charles Batten	+44 (0) 20 7418 8900

This information is provided by RNS

The company news service from the London Stock Exchange

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