Johnson Matthey (JMAT) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed attendees in person, via webcast, and telephone, confirmed quorum, and opened the meeting at 11:00 A.M.

• Housekeeping included safety instructions, meeting recording, and technical support for remote participants.

• Board members and executive committee were introduced to shareholders.

Q&A with stakeholders

• Shareholders asked about the sale of the battery materials business; disposal was completed for at least GBP 60 million.

• Debt levels were discussed; year-on-year debt reduced by about GBP 100 million, with current levels below GBP 1 billion.

• Use of PFAS in hydrogen technology was addressed; company uses PFAS in membranes, adheres to regulations, has recycling systems, and is developing PFAS-free alternatives.

• Stakeholder engagement practices were discussed, including employee financial support and transparent investor communications.

Overview of voting outcomes

• Notice of meeting was confirmed as read, and a poll was called for all resolutions.

• Voting was conducted by poll cards, with Equiniti appointed as scrutineers; results to be announced later via stock exchange and company website.