CLARKSON PLC
("the Company" or "Clarksons")
9 May 2024
Results of 2024 Annual General Meeting
At the Annual General Meeting ("AGM") of the Company, held electronically by video webcast at 12 noon today, all resolutions were passed on a poll. The total number of votes received on each resolution was as follows:
| | Description | Votes for | % of votes cast | Votes against | % of votes cast | Total Votes Cast | Votes cast as % of issued share capital | Votes withheld |
| 1 | Annual Report | 22,754,715 | 99.88 | 27,149 | 0.12 | 22,781,864 | 74.07% | 116,961 |
| 2 | Directors' Remuneration Report | 12,371,552 | 57.43 | 9,171,800 | 42.57 | 21,543,352 | 70.04% | 1,355,473 |
| 3 | Final dividend | 22,845,332 | 99.99 | 2,493 | 0.01 | 22,847,825 | 74.28% | 51,000 |
| 4 | Re-elect Laurence Hollingworth | 17,824,478 | 78.27 | 4,948,485 | 21.73 | 22,772,963 | 74.04% | 125,861 |
| 5 | Re-elect Andi Case | 22,520,191 | 99.86 | 31,959 | 0.14 | 22,552,150 | 73.32% | 346,675 |
| 6 | Re-elect Jeff Woyda | 22,335,028 | 97.70 | 525,363 | 2.30 | 22,860,391 | 74.32% | 38,434 |
| 7 | Re-elect Martine Bond | 18,565,842 | 81.57 | 4,193,404 | 18.43 | 22,759,246 | 73.99% | 139,578 |
| 8 | Re-elect Sue Harris | 22,593,101 | 99.07 | 211,085 | 0.93 | 22,804,186 | 74.14% | 94,639 |
| 9 | Re-elect Dr Tim Miller | 14,098,915 | 61.95 | 8,660,502 | 38.05 | 22,759,417 | 74.00% | 139,408 |
| 10 | Re-elect Heike Truol | 22,617,162 | 99.07 | 211,323 | 0.93 | 22,828,485 | 74.22% | 70,340 |
| 11 | Reappoint PwC as Auditor of the Company | 22,695,965 | 99.56 | 100,110 | 0.44 | 22,796,075 | 74.11% | 102,750 |
| 12 | Authority for the Board to determine the Auditor's remuneration | 22,737,129 | 99.56 | 99,460 | 0.44 | 22,836,589 | 74.25% | 62,236 |
| 13 | Directors' authority to allot shares | 22,541,874 | 98.67 | 304,151 | 1.33 | 22,846,025 | 74.28% | 52,800 |
| 14 | Political donations | 22,322,079 | 98.42 | 359,183 | 1.58 | 22,681,262 | 73.74% | 217,563 |
| 15 | Disapply pre-emption rights* | 22,736,292 | 99.88 | 26,245 | 0.12 | 22,762,537 | 74.01% | 136,288 |
| 16 | Purchase own shares* | 22,788,496 | 99.94 | 13,768 | 0.06 | 22,802,264 | 74.13% | 96,561 |
| 17 | General meeting notice period* | 22,449,567 | 98.22 | 406,540 | 1.78 | 22,856,107 | 74.31% | 42,718 |
*Special resolution requiring 75% majority.
Notes:
1. Any proxy appointments which give discretion to the Chair have been included in the "for" total.
2. The total number of shares in issue is 30,758,036 as at today's date.
3. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" or "against" a resolution.
Statement regarding voting result
The Company notes that resolution 2 to approve the Directors' Remuneration Report; resolution 4 to approve the re-election of Laurence Hollingworth; and resolution 9 to approve the re-election of Dr Tim Miller were passed with 57.43%, 78.27% and 61.95% support respectively. We appreciate the support from most of our shareholders and will continue our engagement over the year ahead.
Availability of documents
In accordance with Listing Rule 9.6.2R, copies of the resolutions (other than those comprising ordinary business) passed at the AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In addition, copies of resolution 13 and resolutions 15 to 17 will be filed with Companies House.
Changes to Board and committee membership
As previously announced, Birger Nergaard, having served nine years as a Non-Executive Director, retired from the Board at the conclusion of the AGM.
Following Birger's retirement, the membership of the committees is as follows:
| Audit and Risk Committee (UNCHANGED) | Nomination Committee | Remuneration Committee |
| Sue Harris (Chair) | Laurence Hollingworth (Chair) | Dr Tim Miller (Chair) |
| Martine Bond | Sue Harris | Martine Bond |
| Dr Tim Miller | Heike Truol | Laurence Hollingworth |
| Heike Truol | | |
For further details please contact:
Company enquiries:
Deborah Abrehart
Company Secretary
Tel: +44(0)20 7334 3185
Camarco:
Billy Clegg
Jennifer Renwick
Tel: +44(0)20 3757 4983 / 4994
About Clarkson PLC
Clarkson PLC is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors. Clarksons continues to drive innovation across its business, developing digital solutions which underpin the Group's unrivalled expertise and knowledge with leading technology.
The Group employs over 2,000 people in over 60 different offices across its four divisions and is number one or two in all its market segments.
The Company has delivered 21 years of consecutive dividend growth. The highly cash-generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on opportunities in its markets.
Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.
For more information, visit www.clarksons.com.
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