U.S. markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.83 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.11 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    108.46
    +2.70 (+2.55%)
     
  • Gold

    1,812.90
    +5.60 (+0.31%)
     
  • Silver

    19.85
    -0.50 (-2.44%)
     
  • EUR/USD

    1.0426
    -0.0057 (-0.54%)
     
  • 10-Yr Bond

    2.8890
    -0.0830 (-2.79%)
     
  • GBP/USD

    1.2103
    -0.0072 (-0.59%)
     
  • USD/JPY

    135.1750
    -0.5530 (-0.41%)
     
  • BTC-USD

    19,243.30
    -234.25 (-1.20%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • FTSE 100

    7,168.65
    -0.63 (-0.01%)
     
  • Nikkei 225

    25,935.62
    -457.42 (-1.73%)
     

Trane Technologies Reports Results of Voting from 2022 Annual General Meeting, Declares Quarterly Dividend

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

SWORDS, Ireland, June 02, 2022--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2022 Annual General Meeting of shareholders in Adare, Ireland.

During the Annual General Meeting, the company’s shareholders considered six proposals: nominations to reelect 11 members of Trane Technologies’ Board of Directors; advisory approval of the compensation of the company’s named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors’ remuneration; renewal of the Board of Directors’ existing authority to issue shares; renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders; and determination of the price range at which the company can re-allot shares that it holds as treasury shares.

The results of the Annual General Meeting voting are as follows:

All 11 individuals nominated for the Board of Directors – Kirk E. Arnold, Ann C. Berzin, April Miller Boise, John Bruton, Jared L. Cohon, Gary D. Forsee, Linda P. Hudson, Myles P. Lee, David S. Regnery, John P. Surma and Tony L. White – were elected to a one-year term, which expires at the company’s next Annual General Meeting.

The proposal to give advisory approval of the compensation of the company’s named executive officers received approximately 92 percent of votes cast in favor.

The proposal to approve the appointment of PricewaterhouseCoopers as the independent auditors of the company and to authorize the Audit Committee to set the auditors’ remuneration received approximately 91 percent of the votes cast in favor.

The proposal to approve renewal of the Board of Directors’ existing authority to issue shares received approximately 97 percent of the votes cast in favor.

The proposal to approve renewal of the Board of Directors’ existing authority to issue shares for cash without first offering shares to existing shareholders received approximately 98 percent of the votes cast in favor.

The proposal to determine the price range at which the company can re-allot shares that it holds as treasury shares received approximately 99 percent of the votes cast in favor.

The Board of Directors also declared a quarterly dividend of $0.67 per ordinary share, or $2.68 annualized. The dividend is payable September 30, 2022, to shareholders of record on September 2, 2022. Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Learn more at TraneTechnologies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220602006002/en/

Contacts

Media:
Jennifer Regina, Trane Technologies
+1-704-712-5721
jennifer.regina@tranetechnologies.com

Investors:
Zachary Nagle, Trane Technologies
+1-704-990-3913
zachary.nagle@tranetechnologies.com