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Company Dialight PLC
TIDM DIA
Headline Result of AGM
Released 14:33 17-Apr-2019
Number 5285W14

RNS Number : 5285W
Dialight PLC
17 April 2019
 

DIALIGHT PLC

RESOLUTIONS PASSED AT 2019 ANNUAL GENERAL MEETING

17 April 2019

Resolutions

Copies of the resolutions put to shareholders of Dialight plc (Company) and passed by vote on a poll at the 2019 Annual General Meeting have today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  

The results of the poll for each resolution are as follows:

RESOLUTION NUMBER

FOR

%

AGAINST

%

VOTE

TOTAL

% of ISC VOTES

 

WITHHELD

01

25,563,384

100.00

249

0.00

25,563,633

78.57%

499

02

16,447,721

71.01

6,713,478

28.99

23,161,199

71.19%

2,402,932

03

23,622,416

92.41

1,940,075

7.59

25,562,491

78.57%

1,640

04

25,559,988

99.99

1,574

0.01

25,561,562

78.57%

2,570

05

25,258,262

98.81

305,082

1.19

25,563,344

78.57%

787

06

25,338,281

99.12

225,064

0.88

25,563,345

78.57%

787

07

25,031,966

97.92

531,379

2.08

25,563,345

78.57%

787

08

25,407,683

99.39

155,661

0.61

25,563,344

78.57%

787

09

25,107,721

98.22

455,624

1.78

25,563,345

78.57%

787

10

25,236,410

98.72

326,935

1.28

25,563,345

78.57%

787

11

25,056,151

98.02

506,800

1.98

25,562,951

78.57%

1,181

12

25,562,520

100.00

825

0.00

25,563,345

78.57%

787

13

22,953,433

90.57

2,391,029

9.43

25,344,462

77.90%

219,669

14

21,314,746

83.38

4,247,347

16.62

25,562,093

78.57%

2,039

15

20,172,356

78.91

5,390,237

21.09

25,562,593

78.57%

1,539

16

20,118,371

78.70

5,444,260

21.30

25,562,631

78.57%

1,500

17

25,504,517

99.77

58,742

0.23

25,563,259

78.57%

872

18

22,981,980

89.90

2,581,798

10.10

25,563,778

78.58%

354

 

In the case of resolution 2, the Board recognises that there were significant votes cast against.  The Remuneration Committee will engage with shareholders to better understand their concerns as it develops its revised Remuneration Policy.  It will then, as already planned, consult with shareholders on the revised Remuneration Policy ahead of it being put forward for shareholder approval at the 2020 AGM.

 

In respect to resolutions 15 and 16, the Board notes that, whilst these resolutions are consistent with the latest Pre-emption Group Principles and with the resolutions approved in previous years, there were significant votes against, and accordingly it will consult with shareholders voting against these resolutions to better understand their views in relation to the specific authorities sought.

 

 

NOTES:

 

1.    The 'For' vote includes those giving the Chairman discretion.

 

2.    Votes 'Withheld' are not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution.

 

3.    Resolutions 15 to 18 are special resolutions.

 

4.    As at Tuesday, 16 April 2019 the total number of ordinary shares in issue was 32,534,237.

 

5.    The full text of the resolutions can be found in the Notice of Annual of General Meeting, which is available for inspection at the National Storage Mechanism http://www.morningstar.co.uk/uk/NSM and on the Company's website at www.dialight.com.

 6.   In accordance with Listing Rule 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, will shortly be submitted to the National Storage Mechanism for inspection at http://www.morningstar.co.uk/uk/NSM.

 

 

Richard Allan

Company Secretary

Dialight plc

Tel: +44 (0) 203 058 3546

 


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