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SDL PLC   -  SDL   

Result of AGM

Released 10:57 26-Apr-2018

RNS Number : 2394M
SDL PLC
26 April 2018
 

26 April 2018

 

SDL PLC

("SDL" or the "Company")

 

Result of Annual General Meeting

 

At the Company's Annual General Meeting held earlier today all resolutions were duly passed as set out in the table below.

 


RESOLUTIONS

FOR

%age FOR

AGAINST

%age AGAINST

WITHHELD

1

To receive the Report & Accounts for the year ended 31 December 2017

72,039,312

100.00

0

0.00

213,119

2

To receive the Directors' Remuneration Report

44,041,369

72.08

17,063,155

27.92

11,147,905

3

To declare a final dividend of 6.2 pence per share

72,252,431

100.00

0

0.00

0

4

To re-elect David Clayton

72,244,305

99.99

8,125

0.01

0

5

To re-elect Glenn Collinson

61,630,387

85.30

10,622,042

14.70

0

6

To re-elect Mandy Gradden

72,252,431

100.00

0

0.00

0

7

To re-elect Adolfo Hernandez

72,252,431

100.00

0

0.00

0

8

To re-elect Christopher Humphrey

72,238,482

99.98

13,949

0.02

0

10

To re-elect Alan McWalter

72,239,430

99.98

13,000

0.02

0

11

To reappoint KPMG LLP as auditors

72,209,115

99.94

43,315

0.06

0

12

To authorise the Audit Committee to determine the auditor's remuneration

72,252,431

100.00

0

0.00

0

13

To authorise the directors to allot securities in terms of Section 551 Companies Act 2006

71,067,647

98.36

1,184,784

1.64

0

14

To authorise the directors to allot equity securities in terms of Section 570 Companies Act 2006

72,251,316

100.00

1,115

0.00

0

15

To authorise the directors to allot equity securities in terms of Section 570 Companies Act 2006 in limited circumstances

72,208,114

99.94

44,316

0.06

0

16

To authorise the calling of a general meeting by notice of at least 14 days

71,253,306

98.62

999,125

1.38

0

 

 

The Board notes that Resolution 2 to approve the Directors' Remuneration Report received 28% of votes cast against it. Following discussions with some shareholders it has become apparent that some have concerns in relation to the degree of stretch in the 2018 Long Term Incentive Plan EPS targets. The Board remains of the view that the targets set were appropriate. The Company will seek to address this issue with shareholders by lengthening and deepening its consultation on its new Remuneration policy for approval in 2019.

 

Copies of the special business resolutions passed at the meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at:

www.hemscott.com/nsm.do.

 

 

For further information please contact:

 

SDL plc

01628 410 100

Adolfo Hernandez, CEO


Xenia Walters, CFO




FTI Consulting LLP

0203 727 1000

Edward Bridges


Emma Hall


 

 

About SDL

SDL (LSE:SDL) is the global innovator in language translation technology, services and content management. Over the past 25 years we've helped companies deliver transformative business results by enabling powerful, nuanced digital experiences with customers around the world. Are you in the know? Find out why 79 out of the top 100 global brands work with us at SDL.com and follow us on Twitter, LinkedIn and Facebook.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Result of AGM - RNS