NXR Norcros Plc

TIDMNXR

RNS Number : 1354Z

Norcros PLC

20 January 2022

Norcros plc

("Norcros" or "the Company")

Remuneration Resolution Vote - AGM 2021

Following its AGM in July 2021 the Company made the following announcement:

"The Remuneration Committee and Board are obviously disappointed with the outcome of the voting on the remuneration report. Whilst we believe our executive remuneration arrangements are fully aligned with our Directors' Remuneration Policy, which was approved by a significant majority of our shareholders at our 2020 AGM, we place great value on direct engagement with and feedback from our shareholders. We will continue our active dialogue with shareholders; particularly those who decided to vote against this resolution to understand more fully their views. We will publish an update on that engagement and on any action taken as a result of this within six months of the AGM, in accordance with the UK Corporate Governance Code."

Since that date the Company has engaged in a proactive consultation process with its principal shareholders in order to understand the reasons behind the voting result. No material further comments have been received from shareholders, given the extensive consultation that took place at the time of the AGM.

In the circumstances the Board has therefore taken note of all shareholders' views but has not otherwise taken any further actions with regard to this vote.

Further enquiries:

 
 Norcros plc                            Tel: 01625 547 700 
 Nick Kelsall, Chief Executive 
  Officer 
  James Eyre, Chief Financial Officer 
 
 Hudson Sandler                         Tel: 0207 796 4133 
 Nick Lyon 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

FURBMMJTMTJTBJT

(END) Dow Jones Newswires

January 20, 2022 08:38 ET (13:38 GMT)

Norcros (LSE:NXR)
Historical Stock Chart
From Jun 2024 to Jul 2024

Norcros (LSE:NXR)
Historical Stock Chart
From Jul 2023 to Jul 2024