Search our site Menu Home Investors Shareholder information AGM 2016 Results 2016 Results The ninety-first Annual General Meeting of Croda International Plc (the "Company") was held at the Royal York Hotel, Station Road, York, North Yorkshire YO24 1AA on Wednesday 27 April 2016. All of the resolutions were voted upon by poll and were passed by shareholders. The total number of ordinary shares in issue: 135,935,161 (excluding shares held in treasury). The results of the poll for each resolution are as follows: Resolution Votes For Against Withheld No of shares % of shares voted No of shares % of shares voted No of shares 1. To receive the financial statements of the Company and the Group and the reports of the directors and auditors for the year ended 31 December 2015 98,806,309 99.55 443,667 0.45 99,083 2. To approve the Directors' Remuneration Report for the year ended 31 December 2015, in accordance with s439 of the Companies Act 2006 92,197,603 93.30 6,618,366 6.70 533,089 3. To declare a final dividend of 38 pence per ordinary share 98,698,627 99.62 375,232 0.38 275,201 4. To re-elect A M Ferguson as a director 96,815,080 97.56 2,418,066 2.44 115,723 5. To re-elect S E Foots as a director 93,297,322 94.02 5,937,977 5.98 113,570 6. To re-elect A M Frew as a director 97,874,197 98.64 1,353,868 1.36 120,803 7. To re-elect H L Ganczakowski as a director 98,239,211 99.00 993,857 1.00 115,801 8. To re-elect K Layden as a director 97,990,357 98.75 1,244,623 1.25 113,889 9. To re-elect J K Maiden as a director 97,959,735 98.72 1,273,175 1.28 115,959 10. To re-elect P N N Turner as a director 98,236,079 99.00 996,989 1.00 115,801 11. To re-elect S G Williams as a director 97,132,266 97.88 2,100,840 2.12 115,763 12. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company 97,041,724 97.76 2,220,964 2.24 86,371 13. To authorise the Audit Committee to determine the auditors' remuneration 97,920,552 98.65 1,338,579 1.35 89,929 14. Political donations 97,850,111 99.31 678,663 0.69 820,286 15. To authorise the directors to allot relevant securities up to two thirds of its issued share capital 87,962,927 91.11 8,577,819 8.89 2,808,314 16. To authorise the directors to allot equity securities without pre-emptive rights up to an aggregate nominal amount of £1,359,352 92,052,270 93.28 6,626,885 6.72 669,904 17. To authorise market purchase of own shares up to a maximum of 13,593,516 ordinary shares 98,589,091 99.32 676,279 0.68 83,689 18. That a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice 91,731,313 92.98 6,926,571 7.02 646,175 19. To declare a special dividend of 100 pence per ordinary share and associated share consolidation 99,016,664 99.95 54,342 0.05 278,054 Resolutions 1 to 15 (inclusive) and 19 were passed as ordinary resolutions and resolutions 16 to 18 (inclusive) were passed as special resolutions. The full text of the resolutions is set out in the Notice of Annual General Meeting, a copy of which is on the Company's website (investor centre) and has also been made available for inspection through the National Storage Mechanism which can be found at http://www.morningstar.co.uk/uk/NSM. The Share Consolidation is due to take effect upon admission of the New Ordinary Shares of 10.357143 pence each in the capital of the Company to the premium segment of the Official List and to trading on the London Stock Exchange’s main market, expected to be at 8.00am on Monday 9 May 2016. As a result of the Share Consolidation shareholders will hold 28 New Ordinary Shares of 10.357143 pence each for every 29 Existing Ordinary Shares of 10 pence each held at 5.00pm on Friday 6 May. Accordingly, application has been made to the UK Listing Authority ("UKLA") to amend the Official List and to the London Stock Exchange to amend the trading line whereby 135,124,108 ordinary shares of 10.357143 pence each will commence trading at 8.00am on 9 May. The New Ordinary Shares will have an ISIN of GB00BYZWX769 and a SEDOL of BYZWX76. The Special Dividend of 100 pence per existing Ordinary Share, which was announced on 23 February 2016 and was conditional upon the Share Consolidation being approved, will be paid on 2 June 2016 to shareholders on the register at 5.00pm on 6 May 2016 (with an ex-entitlement date of 9 May 2016). Total Voting Rights The total number of shares in issue on 28 April 2016 is 135,935,161 ordinary shares of 10 pence each (excluding shares held in treasury) with each share carrying the right to one vote. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1A (1), the Company's issued share capital that is expected to be admitted to trading on the London Stock Exchange's main market as at 8.00am on 9 May 2016 will be 135,124,108 New Ordinary Shares of 10.357143 pence each with each share carrying the right to one vote. The total number of voting rights in the Company, as at 9 May 2016 will accordingly be 131,247,760 (excluding shares held in treasury). Below is an expected timetable of for the Share Consolidation and Special Dividend: EXPECTED TIMETABLE 2016 Existing Ordinary Shares marked ex-entitlement to the Ordinary Dividend Thursday 5 May Record date for Share Consolidation and entitlement to the Special Dividend 5.00pm on Friday 6 May Latest time and date for dealings in the Existing Ordinary Shares 4.30pm on Friday 6 May Cancellation of trading in Existing Ordinary Shares 4.30pm on Friday 6 May Admission of New Ordinary Shares to the Official List and to trading on the London Stock Exchange’s main market for listed Securities. Dealings commence in New Ordinary Shares By or as soon as practicable after 8.00am on Monday 9 May CREST accounts credited with New Ordinary Shares As soon as practicable after 8.00am on Monday 9 May New Ordinary Shares marked ex-entitlement to the Special Dividend Monday 9 May Despatch of share certificates in respect of New Ordinary Shares and, if applicable, despatch of cheques and CREST accounts credited in respect of fractional entitlements Monday 23 May Plan notice date for election under the Dividend Reinvestment Plan Sunday 8 May Despatch of BACS vouchers in respect of proceeds under the Special Dividend Wednesday 1 June Despatch of cheques in respect of proceeds under the Special Dividend Wednesday 1 June Payment of the Ordinary and Special Dividend to Shareholders Thursday 2 June Despatch of share certificates and CREST accounts credited in respect of New Ordinary Shares issued under the Dividend Reinvestment Plan Week commencing Monday 6 June Tom Brophy Group General Counsel & Company Secretary 28 April 2016 Sustainability Validation of our 1.5°C Science Based Targets Read more Innovation International chemicals leader Croda expands presence at Techspace One Read more Innovation Croda officially opens its Crop Care Product Validation Centre Read more Share Price 9772.00p +30.00p (delayed) at 16:35 (GMT) 24 Nov 2021 More Information What We Do Adhesives Agrochemicals Automotive and transport Buildings and construction Beauty and personal care Dietary supplements Electronics & Devices Energy, resources and renewables Food ingredients Furniture and wood Household, industrial and institutional cleaning Lubricants Oleochemicals Packaging and print Paints and coatings Pharmaceuticals Phase change materials and thermal management Polymer additives Skin health Textiles, nonwovens and tissues Water treatment What makes Croda? 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