Rio Tinto : Results of voting at 2015 annual general meetings of Rio Tinto plc and Rio Tinto Limited
May 07, 2015 at 04:24 am EDT
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The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held on 16 April 2015 and 7 May 2015 respectively. All resolutions were passed by poll and the results are set out below.
Under Rio Tinto's dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of Rio Tinto plc and Rio Tinto Limited in similar ways are taken through a joint electoral procedure. Resolutions 1 to 18 contained in the notice of meeting for both Rio Tinto plc and Rio Tinto Limited fall into this category. Resolutions 19 to 22 of the Rio Tinto plc notice of meeting were put to Rio Tinto plc shareholders only and resolution 19 of the Rio Tinto Limited notice of meeting was put to Rio Tinto Limited shareholders only.
The following resolutions, which were put to both Rio Tinto plc and Rio Tinto Limited shareholders on a poll at the respective annual general meetings, were subject to the joint electoral procedure and the aggregate results of the joint polls were as follows:
For
% of votes Cast
Against
% of votes Cast
1 Receipt of the 2014 Annual report
1,235,342,697
98.99%
12,655,112
1.01%
2 Approval of the Remuneration Policy Report
1,186,605,279
96.44%
43,739,074
3.56%
3 Approval of the Directors' Report on Remuneration and Remuneration Committee chairman's letter
1,178,992,215
96.56%
41,990,010
3.44%
4 Approval of the Remuneration Report
1,179,871,511
96.64%
41,082,997
3.36%
5 To elect Megan Clark as a director
1,067,549,884
99.92%
828,345
0.08%
6 To elect Michael L'Estrange as a director
1,067,418,166
99.91%
931,907
0.09%
7 To re-elect Robert Brown as a director
1,248,901,722
99.83%
2,066,345
0.17%
8 To re-elect Jan du Plessis as a director
1,240,137,237
99.13%
10,860,768
0.87%
9 To re-elect Ann Godbehere as a director
1,246,316,122
99.63%
4,655,780
0.37%
10 To re-elect Richard Goodmanson as a director
1,242,509,370
99.40%
7,473,462
0.60%
For
% of votes Cast
Against
% of votes Cast
11 To re-elect Anne Lauvergeon as a director
1,223,159,769
99.44%
6,874,377
0.56%
12 To re-elect Chris Lynch as a director
1,247,664,195
99.73%
3,321,180
0.27%
13 To re-elect Paul Tellier as a director
1,248,879,027
99.83%
2,081,969
0.17%
14 To re-elect Simon Thompson as a director
1,237,082,459
99.74%
3,284,343
0.26%
15 To re-elect John Varley as a director
1,245,009,536
99.58%
5,292,625
0.42%
16 To re-elect Sam Walsh as a director
1,250,055,358
99.92%
977,712
0.08%
17 Re-appointment of auditors
1,226,795,775
98.07%
24,186,412
1.93%
18 Remuneration of auditors
1,242,554,804
99.33%
8,429,547
0.67%
The poll results for Rio Tinto plc only resolutions of the meeting held on 16 April 2015
The poll results for Rio Tinto Limited only resolutions of the meeting held on 7 May 2015
For
% of votes Cast
Against
% of votes Cast
19 General authority to allot shares
927,141,201
90.73%
94,775,175
9.27%
20 Disapplication of pre-emption rights
1,017,775,346
99.59%
4,188,657
0.41%
21 Authority to purchase Rio Tinto plc shares
1,023,278,151
99.88%
1,193,952
0.12%
22 Notice period for general meetings other than annual general meetings
942,571,029
91.94%
82,665,612
8.06%
For
% of votes Cast
Against
% of votes Cast
19 Renewal of off-market and on-market share buy-back authorities
224,784,413
99.85%
343,051
0.15%
As previously announced, at the conclusion of the Rio Tinto Limited annual general meeting, non-executive directors Michael Fitzpatrick and Lord Kerr retired from the board.
Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows:
- iron ore (59%): 283.2 Mt produced in 2022;
- aluminum, alumina and bauxite (24.9%): 54.6 Mt bauxite, 7.5 Mt alumina and 3 Mt aluminum produced;
- copper (5.8%) : 521.1 Kt produced;
- industrial minerals (4.8%): titanium dioxide pigments (1,200 Kt produced), borates (532 Kt produced) and salts (5.7 Mt produced);
- diamonds (1.5%) : 4.7 million carats produced;
- gold (1%) : 235,000 ounces produced;
- other (3%): uranium, silver, zinc and molybdenum.
Net sales are distributed geographically as follows: the United Kingdom (0.3%), Europe (6.5%), China (54.3%), Japan (7.4%), Asia (7.1%), the United States (15.9%), Canada (3.1%), Australia (1.9%) and other (3.5%).