Relations with Shareholders

Relations with Shareholders

Communication with shareholders is a priority for Rotork and the Company maintains a regular dialogue with its major shareholders. In 2016, the Board, and in particular the Chief Executive and Finance Director, have engaged with shareholders in a number of ways including:

  • Hosting conference calls;
  • Hosting webcasts;
  • Attending shareholder events;
  • Hosting investor site visits;
  • Attending conferences;
  • Hosting and participating in roadshows; and
  • Arranging ad hoc meetings with shareholders.

A Director of Strategy and Investor Relations was appointed in January 2017 to increase the resources available to support existing and potential shareholders and enhance our reporting to shareholders.

The Chairman ensures that all directors are made aware of major shareholder issues and concerns by ensuring the Board receives reports from the Chief Executive on meetings with analysts and fund managers as well as shareholders. In addition, the Board receives reports from its brokers which give anonymised feedback from investors.

Rotork makes constructive use of its AGM as an opportunity for the Board to communicate with and answer questions from shareholders who attend in person. The entire Board is normally available during the meeting, and for lunch following the meeting, to allow direct interaction between the directors and the shareholders. This year, Rotork will adopt automatic poll voting at its AGM in order to better reflect the views of shareholders; previously voting on resolutions was generally undertaken on a show of hands at the AGM itself. Automatic poll voting ensures that all votes cast in person or by proxy are taken into account on a particular resolution.

Rotork also maintains a comprehensive investor relations section on its website which provides a variety of resources for investors including current webcasts, presentations and press releases as well as annual interim reports.

Electronic communications are also used by Rotork to communicate with its shareholders. All shareholders have been asked whether they would like to receive the Annual Report and Accounts in electronic form rather than in hard copy form. Any shareholders wishing to receive corporate documents electronically can do this by registering for the service at www.shareview.co.uk and clicking on ‘Register’ under the ‘Shareview Portfolio’ section. Rotork also make available electronic proxy appointments for shareholders who wish to appoint a proxy online to vote at the Company‘s AGM.