TIDMCKN
RNS Number : 5830Y
Clarkson PLC
09 May 2019
9 May 2019
Clarkson PLC
("Clarksons" or "the Company")
Results of 2019 Annual General Meeting
At the Annual General Meeting (AGM) of the Company held at 12
noon today at Commodity Quay, St Katharine Docks, E1W 1BF, all
resolutions were passed on a poll. The total number of votes
received on each resolution was as follows:
Description Votes % of Votes against % of Votes cast Votes
for votes votes as % of withheld
cast cast issued
share capital
1 Annual Report 23,263,550 99.67 76,422 0.33 76.97 7,373
----------------------- ----------- ------- -------------- ------- --------------- ----------
Remuneration
2 Report 11,601,948 51.49 10,930,372 48.51 74.30 815,025
----------------------- ----------- ------- -------------- ------- --------------- ----------
3 Final dividend 23,340,990 99.98 4,456 0.02 76.98 1,900
----------------------- ----------- ------- -------------- ------- --------------- ----------
Elect Mr B
4 Thomas 21,938,004 98.17 408,448 1.83 73.69 1,001,726
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Mr
5 A L Case 23,275,718 99.69 72,460 0.31 76.99 0
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Mr
6 J D Woyda 23,275,507 99.69 72,671 0.31 76.99 0
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Mr
7 P Backhouse 18,823,510 82.33 4,041,166 17.67 75.40 483,503
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Ms
8 ML Clayton 18,782,941 82.27 4,048,476 17.73 75.29 516,762
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Mr
9 J Hughes-Hallett 18,845,445 82.54 3,985,972 17.46 75.29 516,762
----------------------- ----------- ------- -------------- ------- --------------- ----------
Elect Dr T
10 Miller 18,038,587 81.44 4,111,009 18.56 73.04 1,198,333
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-elect Mr
11 B Nergaard 18,893,696 82.67 3,960,358 17.33 75.36 493,291
----------------------- ----------- ------- -------------- ------- --------------- ----------
Re-appoint
12 Auditor 23,332,069 99.96 8,571 0.04 76.97 6,705
----------------------- ----------- ------- -------------- ------- --------------- ----------
13 Auditor's remuneration 23,332,202 99.98 5,193 0.02 76.96 7,870
----------------------- ----------- ------- -------------- ------- --------------- ----------
Authority to
14 allot shares 21,594,856 92.57 1,732,779 7.43 76.93 18,463
----------------------- ----------- ------- -------------- ------- --------------- ----------
Authority for
15 political donations 22,934,948 99.12 204,541 0.88 76.30 206,609
----------------------- ----------- ------- -------------- ------- --------------- ----------
U.S. Employee
Share Purchase
16 Plan 22,810,099 97.76 522,849 2.24 76.94 13,150
----------------------- ----------- ------- -------------- ------- --------------- ----------
Disapply pre-emption
17 rights* 23,200,236 99.59 94,931 0.41 76.82 50,931
----------------------- ----------- ------- -------------- ------- --------------- ----------
Purchase own
18 shares* 23,256,443 99.62 87,767 0.38 76.98 1,887
----------------------- ----------- ------- -------------- ------- --------------- ----------
General meeting
19 notice period* 22,923,249 98.19 422,598 1.81 76.99 251
----------------------- ----------- ------- -------------- ------- --------------- ----------
Articles of
20 Association* 19,179,570 82.39 4,099,889 17.61 76.77 66,638
----------------------- ----------- ------- -------------- ------- --------------- ----------
*Special resolution requiring 75% majority.
Notes:
1. Any proxy appointments which give discretion to the Chairman
have been included in the "for" total.
2. The total number of shares in issue is 30,325,058.
3. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "for" or "against" a
resolution.
Statement regarding voting result
The Board notes that while Resolution 2 to approve the
Directors' Remuneration Report was passed, a significant number of
shareholders opposed this resolution.
We are very disappointed by this outcome, particularly as more
than 99.7% of shareholders voted in favour of the re-election of
the CEO and CFO and, as such, deem the stewardship of the Company
to be in capable hands, a view which is unanimously shared by the
Board. Notwithstanding this, the Remuneration Committee notes the
concerns raised by shareholders and, as part of the remuneration
policy review that falls due in 2020, will be conducting an
extensive consultation programme with our shareholders and proxy
advisory agencies to listen to their views.
Availability of documents
This information will also shortly be available to view on the
Company's website at www.clarksons.com/investors/
In accordance with Listing Rule 9.6.2R, copies of the
resolutions (other than those comprising ordinary business) passed
at the AGM will be submitted to the UK Listing Authority and will
be available for inspection at the UKLA's Document Viewing Facility
located at www.morningstar.co.uk
In addition, copies of resolutions 17 to 20 will be filed with
Companies House.
Company enquiries:
Clarkson PLC
Rachel Spencer, Group Company Secretary Tel: 020 7334 0000
Camarco
Billy Clegg Tel: 020 3757 4983 Mob: 07977 578 153
Jennifer Renwick Tel: 020 3757 4994 Mob: 07928 471 013
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated
services and investment banking capabilities to the shipping and
offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client
base an unrivalled range of shipbroking services, sector research,
on-hand logistical support and full investment banking capabilities
in all key shipping and offshore sectors.
The Company has delivered 16 years of consecutive dividend
growth. The highly cash generative nature of the business,
supported by a strong balance sheet, has enabled Clarksons to
continue to invest to position the business to capitalise on the
upturn in its markets.
Clarksons is listed on the main market of the London Stock
Exchange under the ticker CKN and is a member of the FTSE 250
Index.
For more information, visit www.clarksons.com.
The information contained within this announcement is deemed by
Clarksons to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain. The
person responsible for arranging the release of this announcement
on behalf of Clarksons is Jeff Woyda, Chief Financial Officer and
Chief Operating Officer.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RAGQKLFBKEFEBBV
(END) Dow Jones Newswires
May 09, 2019 13:01 ET (17:01 GMT)
Clarkson (LSE:CKN)
Historical Stock Chart
From Apr 2024 to May 2024
Clarkson (LSE:CKN)
Historical Stock Chart
From May 2023 to May 2024