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Forterra plc held its Annual General Meeting on 24th May 2022, where all 18 proposed resolutions were passed by shareholders. These resolutions included the re-appointment of Ernst & Young LLP as Auditor, the declaration of a final dividend of 6.7 pence per Ordinary Share for the year ended 31 December 2021, and the re-election of all proposed directors. The company's total number of ordinary shares in issue was 222,335,577.
| Date | 24 May 2022 |
| Time | 16:15:31 |
| Category | AGMs and other meetings |
| ID | 6539M |
Forterra plc
Annual General Meeting 2022 Results
The Annual General Meeting of Forterra plc (the "Company") was held at the offices of Forterra plc, Atherstone Road, Measham, Swadlincote, Derbyshire, DE12 7EL on Tuesday 24th May 2022 at 12:00pm.
All of the resolutions were voted upon by poll and were passed by shareholders. The total number of ordinary shares in issue was 222,335,577shares.
The full text of each resolution is contained in the notice of Annual General Meeting, which is available on the Company's website www.forterraplc.co.uk (with each resolution number below corresponding to the resolution number in the notice).
The total number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows.
|
Resolution |
Votes for |
Votes Against |
Total Votes Cast (excluding withheld) |
Votes Withheld* |
||
|
No of Shares |
% of shares voted |
No of Shares |
% of shares voted |
|
No of shares |
|
|
Resolution 1 To receive and adopt the Annual Report and Accounts to 31 December 2021
|
94,153,183 |
100.00% |
0 |
0.00% |
94,153,183 |
88,036,574 **** |
|
Resolution 2 To re-appoint Ernst & Young LLP as Auditor.
|
182,078,888 |
99.99% |
9,263 |
0.01% |
182,088,151 |
15,748 |
|
Resolution 3 To authorise the remuneration of the Auditor
|
181,081,917 |
99.45% |
1,005,457 |
0.55% |
182,087,374 |
16,525 |
|
Resolution 4 To declare the final dividend of 6.7 pence per Ordinary Share for the year ended 31 December 2021
|
182,083,624 |
100.00% |
4,750 |
0.01% |
182,088,374 |
15,525 |
|
Resolution 5 To re-elect Justin Atkinson as a Director
|
176,462,833 |
97.32% |
4,858,040 |
2.68% |
181,320,873 |
783,026 |
|
Resolution 6 To re-elect Stephen Harrison as a Director
|
182,083,624 |
100.00% |
4,750 |
0.01% |
182,088,374 |
15,525 |
|
Resolution 7 To re-elect Ben Guyatt as a Director
|
180,665,848 |
99.22% |
1,422,526 |
0.78% |
182,088,374 |
15,525 |
|
Resolution 8 To re-elect Katherine Innes Ker as a Director
|
176,949,401 |
97.18% |
5,138,973 |
2.82% |
182,088,374 |
15,525 |
|
Resolution 9 To re-elect Divya Seshamani as a Director
|
179,603,422 |
98.64% |
2,484,952 |
1.36% |
182,088,374 |
15,525 |
|
Resolution 10 To re-elect Martin Sutherland as a Director
|
179,603,422 |
98.64% |
2,484,952 |
1.36% |
182,088,374 |
15,525 |
|
Resolution 11 To re-elect Vince Niblett as a Director
|
179,430,847 |
98.54% |
2,657,527 |
1.46% |
182,088,374 |
15,525 |
|
Resolution 12 To approve the Report of the Remuneration Committee (excluding the Remuneration Policy set out on pages 116-123 of the Annual Report)
|
180,571,812 |
99.17% |
1,510,048 |
0.83% |
182,081,860 |
22,039 |
|
Resolution 13 To authorise the Company to make political donations
|
182,049,105 |
99.98% |
37,672 |
0.02% |
182,086,777 |
17,122 |
|
Resolution 14 To authorise the Directors to allot share capital
|
177,760,811 |
97.62% |
4,325,391 |
2.38% |
182,086,202 |
17,697 |
|
Resolution 15 ** To disapply statutory exemption rights
|
182,072,341 |
99.99% |
13,861 |
0.01% |
182,086,202 |
17,697 |
|
Resolution 16 ** To disapply statutory exemption rights
|
180,937,611 |
99.37% |
1,148,591 |
0.63% |
182,086,202 |
17,697 |
|
Resolution 17 ** To authorise the Company to purchase its own shares
|
181,068,580 |
99.45% |
1,008,996 |
0.55% |
182,077,576 |
26,323 |
|
Resolution 18 ** To authorise the Company to hold general meetings (other than an Annual General meeting) with 14 clear days' notice
|
177,732,154 |
97.61% |
4,355,997 |
2.39% |
182,088,151 |
15,748 |
In accordance with the requirements of LR 9.6.3 and 9.6.18 copies of Resolutions 14-18 will shortly be available for inspection on the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Notes:
*Votes 'withheld' are not votes under English law and so have not been included in the calculation of whether a resolution is carried. Percentages have been rounded to two decimal places.
**** Shareholders will note that the number of votes recorded as being 'withheld' on Resolution 1 is very high compared to other Resolutions (and indeed compared to previous AGMs) - this seemingly anomalous result became apparent only yesterday and, upon prompt investigation of the matter with its Registrar, the Company has discovered that there were potential software (or other types of operational) faults in respect of certain nominee voting procedures, which resulted, the Company understands, in shareholders being unable to vote for this resolution. These faults could not be corrected in time for the AGM and therefore the Company has concluded that the prudent approach is to record those votes as 'withheld'.
** Special resolution.
For further information contact:
Forterra plc +44 (0)1604 707600
Ashley Thompson, Company Secretary
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FTI Consulting: |
+44 (0)20 3727 1340 |
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Richard Mountain |
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|
Nick Hasell |
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