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LONDON - Tate & Lyle PLC (OTC:TATYY) announced Thursday that shareholders approved all resolutions at its Annual General Meeting (AGM), though nearly a quarter of votes were cast against the Directors’ Remuneration Report.
The food and beverage ingredients company reported that 24.19% of shareholders voted against the advisory resolution on the 2025 Directors’ Remuneration Report, while 75.81% voted in favor. In contrast, the binding vote on the new Directors’ Remuneration Policy received stronger support with 97.75% approval.
The company acknowledged the significant opposition to the remuneration report and stated it has "actively engaged with shareholders on remuneration in 2025" to better understand their concerns. Tate & Lyle (LON:TATE) committed to providing an update within six months, in accordance with the UK Corporate Governance Code.
All other resolutions passed with substantial majorities, including the approval of the final dividend with 99.99% support, the re-appointment of Ernst & Young LLP as auditors with 99.95% approval, and the authority to purchase the company’s own shares with 99.96% in favor.
The meeting also saw the re-election of CEO Nick Hampton with 98.90% support and Chairman David Hearn with 93.91% approval. Several new directors were elected, including Sarah Kuijlaars, Glenn M. Fish, Steve Foots, and Cláudia Vaz de Lestapis.
The AGM results were disclosed in a regulatory filing based on a company press release statement. On July 22, 2025, Tate & Lyle had 476,739,802 ordinary shares in issue, with 31,294,579 shares held in treasury, resulting in total voting rights of 445,445,223.
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