Search our site Menu Home Investors Shareholder information AGM 2019 Results 2019 Results The ninety-fourth Annual General Meeting of Croda International Plc (the "Company") was held at the Pavilions of Harrogate, Great Yorkshire Showground, North Yorkshire HG2 8QZ on Wednesday 24 April 2019. All of the resolutions were voted upon by poll and were passed by shareholders. The total number of ordinary shares in issue: 131,794,934 (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 2018 96,800,460 99.997 3,306 0.003 266,520 2. To approve the Directors' Remuneration Report for the year ended 31 December 2015, in accordance with section 439 of the Companies Act 2006 85,949,463 88.70 10,947,479 11.30 173,343 3. To declare a final dividend of 49 pence per ordinary share 96,037,710 99.10 867,966 0.90 164,610 4. To elect R Cirillo as a director 95,776,221 98.84 1,121,080 1.16 172,784 5. To re-elect A M Ferguson as a director 94,597,964 97.63 2,300,415 2.37 171,706 6. To elect J P C Ferguson as a director 96,455,932 99.54 441,473 0.46 172,680 7. To re-elect S E Foots as a director 95,894,318 98.96 1,004,782 1.04 170,985 8. To re-elect A M Frew as a director 94,025,926 97.46 2,446,009 2.54 598,148 9. To re-elect H L Ganczakowski as a director 95,384,598 98.45 1,506,147 1.55 179,339 10. To re-elect K Layden as a director 94,257,481 97.27 2,641,538 2.73 171,066 11. To re-elect J K Maiden as a director 95,684,691 98.75 1,213,303 1.25 172,091 12. To re-appoint KPMG LLP as auditors of the Company 96,108,998 99.18 795,780 0.82 165,508 13. To authorise the Audit Committee to determine the auditors' remuneration 96,082,647 99.15 821,699 0.85 165,940 14. Political donations 94,958,604 98.51 1,434,774 1.49 676,908 15. To authorise the directors to allot relevant securities up to two thirds of its issued share capital 89,241,778 92.09 7,661,715 7.91 166,793 16. To authorise the directors to allot equity securities without pre-emptive rights up to an aggregate nominal amount of £682,510 95,069,419 98.38 1,567,758 1.62 433,109 17. To authorise the directors to allot equity securities without pre-emptive rights up to an additional aggregate nominal amount of £682,510 95,182,546 98.50 1,453,548 1.50 434,191 18. To authorise market purchase of own shares up to a maximum of 12,865,697 ordinary shares 96,450,317 99.57 418,135 0.43 201,833 19. That a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice 88,215,218 91.44 8,259,154 8.56 595,914 20. To declare a special dividend of 115 pence per ordinary share and associated share consolidation 96,788,283 99.88 116,361 0.12 166,442 Resolutions 1 to 15 (inclusive) were passed as ordinary resolutions and resolutions 16 to 20 (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 Share Consolidation The Share Consolidation is due to take effect upon admission of the New Ordinary Shares of 10.609756 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 29 April 2019. As a result of the Share Consolidation shareholders will hold 41 New Ordinary Shares of 10.609756 pence each for every 42 Existing Ordinary Shares of 10.357143 pence each held at close of business on 26 April 2019. Accordingly, application has been made to the UK Listing Authority ("UKLA") for 131,906,881 New Ordinary Shares of 10.609756 pence each (of which 3,249,906 will be held in treasury) to be admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange’s Main Market for listed securities. The New Ordinary Shares will have an ISIN of GB00BJFFLV09. The Special Dividend of 115 pence per existing Ordinary Share, which was announced on 26 February 2019 and was conditional upon the Share Consolidation being approved, will be paid on 30 May 2019 to shareholders on the register at close of business on 26 April 2019 (with an ex-entitlement date of 29 April 2019). Issue of Ordinary Shares and Cancellation of Treasury Shares In order to ensure that the number of existing ordinary shares of the Company is exactly divisible by 42, the Company intends to issue 16 ordinary shares of 10.357143 pence each to the Croda International Plc Employee Benefit Trust and to cancel 2 ordinary shares held in treasury. An application has been made for the 16 ordinary shares to be admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange’s Main Market for listed securities. Admission is expected to become effective at 8.00am UK time on 26 April 2019. The 16 ordinary shares will form part of the share consolidation described above. Following the admission of the 16 ordinary shares, which is anticipated to take place at 8.00am UK time on 26 April 2019, and the cancellation of the 2 ordinary shares held in treasury, the Company will, until the share consolidation becomes effective on 29 April, have 135,124,122 ordinary shares of 10.357143 pence each in issue, of which 3,329,172 shares will be held in treasury. Below is an expected timetable of for the Share Consolidation and Special Dividend: Ex dividend date for final dividend Thursday 11 April 2019 Record date for final dividend Close of business on Friday 12 April 2019 Annual General Meeting 12 noon on Wednesday 24 April 2019 Record date for special dividend and share consolidation Close of business on Friday 26 April 2019 Last day for dealing in Existing Ordinary Shares Friday 26 April 2019 Ex-dividend date for special dividend April 2019 Monday 29 Commencement of dealings in New Ordinary Shares 8.00am on Monday 29 April 2019 CREST accounts credited with new ordinary shares As soon as possible after 8.00am on Monday 29 April 2019 Latest time and date for election to participate in DRIP for final dividend April 2019 5.00pm on Tuesday 30 Latest time and date for election to participate in DRIP for special dividend 5.00pm on Monday 13 May 2019 Despatch of cheques for fractional entitlements for New Ordinary Shares; despatch of certificates of New Ordinary Shares; CREST accounts credited with value of fractional entitlements (in each case where applicable) By Friday 17 May 2019 Payment date for final dividend and special dividend Thursday 30 May 2019 Purchase of New Ordinary Shares for DRIP participants with respect to final and special dividend will commence on Thursday 30 May 2019 Despatch of share certificates and crediting of CREST accounts in relation to DRIP purchases On or after 3 June 2019 Tom Brophy Group General Counsel & Company Secretary 25 April 2019 Sustainability Croda donates solar panel modules to non-profit organisations Read more Innovation Delivering the foundation for Croda's R&D digital program 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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