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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cobham plc    COB   GB00B07KD360

COBHAM PLC

(COB)
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Cobham : Result of AGM

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04/25/2019 | 10:33am EDT

Cobham plc LEI 213800A41R9NL49E5632

Cobham plc

Annual General Meeting held on 25 April 2019

Cobham plc is pleased to announce that at the AGM held today Thursday 25 April 2019, at 2.00pm, each resolution was passed on a poll.

The votes cast were as follows:

Resolution

Total Votes FOR

%

Total Votes AGAINST

%

Total Votes Cast

Votes Withheld

1

Report & Accounts 2018

50,053,160

99.98

7,706

0.02

50,060,866

1,379,927

2

Remuneration Report

43,055,056

97.32

1,183,836

2.68

44,238,892

7,201,873

3

Appointment Marion Blakey

51,290,526

99.73

139,453

0.27

51,429,979

10,794

4

Re-appointment Michael Wareing

49,793,931

96.82

1,633,784

3.18

51,427,715

13,053

5

Re-appointment John McAdam

50,973,626

99.12

453,857

0.88

51,427,483

13,288

6

Re-appointment Alison Wood

44,175,418

98.54

655,567

1.46

44,830,985

6,609,785

7

Re-appointment René Médori

42,274,443

94.29

2,557,761

5.71

44,832,204

6,608,564

8

Re-appointment Norton Schwartz

51,019,386

99.20

409,647

0.80

51,429,033

11,739

9

Re-appointment David Lockwood

51,290,996

99.73

138,651

0.27

51,429,647

11,127

10

Re-appointment David Mellors

51,088,742

99.34

339,719

0.66

51,428,461

12,312

11

Appointment of Auditors

51,369,277

99.88

61,498

0.12

51,430,775

9,998

12

Remuneration of Auditors

51,157,388

99.46

280,129

0.54

51,437,517

3,256

13

Authority to purchase own shares

50,293,213

98.25

897,884

1.75

51,191,097

249,674

14

Authority to allot shares

40,449,690

78.64

10,987,591

21.36

51,437,281

3,489

15

General authority to disapply pre-emption rights

42,620,468

82.86

8,815,855

17.14

51,436,323

4,450

16

Additional disapplication of pre-emption rights

39,947,745

77.66

11,489,920

22.34

51,437,665

3,106

17

Authority to call general meetings on 14 days' notice

50,251,434

97.69

1,187,502

2.31

51,438,936

1,831

Notes:

(1) Where shareholders appointed the chairman of the meeting as their proxy with discretion as to voting, these votes have been cast in favour of all resolutions.

(2) A vote 'WITHHELD' is not a vote in law and is not counted in the calculation of the proportion of votes 'FOR' or 'AGAINST' a resolution.

(3) Resolutions 13, 15, 16 and 17 are Special Resolutions requiring a 75% majority.

You can see from our proxy voting results above that a number of votes cast oppose resolution 14, to allot shares and resolution 16, the additional authority to allot shares without pre-emption rights. Although both votes are carried, we consider a 20% vote against any resolution to be significant. We plan to follow up with our major investors over the near future to understand the reason behind the vote result and to agree how to respond. We will announce our response within the next six months, as required by the Governance Code.

The following table provides further relevant information:

Cobham plc's One Hundred and Twenty-Ninth AGM

(2019)

Cobham plc's One Hundred and Twenty-Eighth AGM

(2018)

Issued share capital (excluding Treasury Shares)

2,391,009,391

2,391,009,391

Total number of possible votes

59,794,935

59,794,935

Proxy appointments lodged

51,438,936

52,568,419

Representing % of possible vote

86.03

87.9

Number of AGM attendees

6

7

Total vote % on the poll

86.03

87.9

A copy of a document setting out the resolutions passed dealing with special business at the meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

The Voting results will be placed on our website (www.cobhaminvestors.com).

Lyn Colloff

Company Secretary

Cobham plc

25 April 2019

Name of contact and telephone number for queries:

Julian Wais

Director of Investor Relations

Tel: 01202 857998

Disclaimer

Cobham plc published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 14:32:06 UTC

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