4 May 2023
SIG plc
("SIG" or the "Company")
Results of Annual General Meeting ("AGM") held on 4 May 2023
LEI: 213800VDC1BKJEZ8PV53
SIG announces that at its AGM held earlier today all the resolutions put to shareholders were passed by the requisite majorities. Resolutions 1 to 16 were passed as ordinary resolutions and Resolutions 17 to 20 were passed as special resolutions. The results of the polls are as follows:
|
| FOR | % | AGAINST | % | TOTAL | % OF ISSUED SHARE CAPITAL | WITHHELD | |
| ORDINARY RESOLUTIONS |
|
|
|
|
|
|
| |
| 1. To receive the financial statements for the year ended 31 December 2022 together with the reports of the Directors and Auditors thereon | 931,933,833
| 100.00%
| 45,979
| 0.00%
| 931,979,812
| 78.88%
| 28,607,437
| |
| 2. To approve the Annual Statement by the Chair of the Remuneration Committee and the Directors' Remuneration Report for the year ended 31 December 2022 | 885,105,448
| 92.70%
| 69,655,331
| 7.30%
| 954,760,779
| 80.81%
| 5,826,470
| |
| 3. To approve the Directors' Remuneration Policy | 925,096,437
| 96.89%
| 29,655,028
| 3.11%
| 954,751,465
| 80.80%
| 5,835,784
| |
| 4. To re-elect Andrew Allner as a Director | 865,372,125
| 92.79%
| 67,216,381
| 7.21%
| 932,588,506
| 78.93%
| 27,998,743
| |
| 5. To re-elect Ian Ashton as a Director | 959,473,767
| 99.89%
| 1,097,797
| 0.11%
| 960,571,564
| 81.30%
| 15,685
| |
| 6. To re-elect Shatish Dasani as a Director | 955,454,553
| 99.47%
| 5,118,638
| 0.53%
| 960,573,191
| 81.30%
| 14,058
| |
| 7. To re-elect Bruno Deschamps as a Director | 710,587,830
| 87.18%
| 104,503,156
| 12.82%
| 815,090,986
| 68.98%
| 145,496,263
| |
| 8. To re-elect Kath Durrant as a Director | 955,579,192
| 99.48%
| 4,993,999
| 0.52%
| 960,573,191
| 81.30%
| 14,058
| |
| 9. To re-elect Gillian Kent as a Director | 864,417,321
| 89.99%
| 96,155,870
| 10.01%
| 960,573,191
| 81.30%
| 14,058
| |
| 10. To re-elect Simon King as a Director | 955,773,496
| 99.50%
| 4,790,843
| 0.50%
| 960,564,339
| 81.30%
| 15,685
| |
| 11. To re-elect Alan Lovell as a Director | 954,871,295
| 99.41%
| 5,669,769
| 0.59%
| 960,541,064
| 81.29%
| 16,185
| |
| 12. To elect Gavin Slark as a Director | 959,680,330
| 99.91%
| 861,234
| 0.09%
| 960,541,564
| 81.29%
| 15,685
| |
| 13. To elect Diego Straziota as a Director | 842,172,847 | 99.90% | 867,788 | 0.10% | 843,040,635 | 71.35% | 117,516,614 | |
| 14. To re-appoint Ernst & Young LLP as Auditor to the Company | 932,493,558
| 97.08%
| 28,032,560
| 2.92%
| 960,526,118
| 81.29%
| 31,131
| |
| 15. To authorise the Audit & Risk Committee of the Board to determine the Auditor's remuneration | 960,483,241
| 99.99%
| 50,709
| 0.01%
| 960,533,950
| 81.29%
| 22,073
| |
| 16. 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 | 955,770,557
| 99.51%
| 4,708,767
| 0.49%
| 960,479,324
| 81.29%
| 77,925
| |
| SPECIAL RESOLUTIONS | | | | | | | | |
| 17. The Directors be authorised pursuant to the Companies Act 2006 to allot equity securities for cash | 960,198,989
| 99.97%
| 282,929
| 0.03%
| 960,481,918
| 81.29%
| 75,331
| |
| 18. The Directors be further authorised pursuant to the Companies Act 2006 to allot equity securities for cash | 932,212,588
| 97.06%
| 28,270,957
| 2.94%
| 960,483,545
| 81.29%
| 73,704
| |
| 19. That the Company is authorised pursuant to the Companies Act 2006 to make market purchases | 932,319,381
| 97.08%
| 28,041,688
| 2.92%
| 960,361,069
| 81.28%
| 196,180
| |
| 20. That a general meeting of the Company, other than AGM, may be called on not less than 14 clear days' notice. | 955,717,412
| 99.50%
| 4,812,820
| 0.50%
| 960,530,232
| 81.29%
| 22,292
|
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 9.6.2, copies of all resolutions passed other than resolutions concerning ordinary business have been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
4. A copy of the Annual General Meeting results will be available on the SIG plc website at www.sigplc.com.
5. Issued share capital as at 4 May 2023 is 1,181,556,977 ordinary shares of 10 pence each in the capital of the Company.
All resolutions were duly passed, and we would like to take this opportunity to thank our shareholders for their ongoing support.
Non-Executive Director change
As announced by the Company on 8 March 2023, Christian Rochat (one of the two Directors nominated by CD&R) did not offer himself for re-election at the AGM and accordingly he has now ceased to be a Director. As also announced by the Company on 8 March 2023, Diego Straziota was nominated by CD&R as its replacement and he has now been elected a Director. There are no disclosures required in respect of this appointment pursuant to Listing Rule 9.6.13 (1) to (6).
Enquiries
SIG plc
Andrew Watkins, Group General Counsel & Company Secretary +44 (0) 114 285 6300
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