Result of AGM
discoverIE Group plc announced that all resolutions were approved at its Annual General Meeting, with strong support for the financial statements, final dividend, auditor re-appointment, and authority to fix auditor's remuneration, all receiving near-unanimous approval. While most director re-elections passed with over 93% of votes, Bruce Thompson's re-election saw 15.64% against. Resolutions concerning the authority to allot shares and disapply pre-emption rights also received significant, though not unanimous, support, with 84.45% and 84.10% for share allotment, and 99.40% and 97.03% for pre-emption rights respectively. The total votes cast represented 78.06% of the company's issued share capital.
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discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Group"), a leading international designer and manufacturer of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were approved. The results of the poll, incorporating proxy votes duly lodged prior to the meeting, are set out below:
| Resolution | Votes For | Votes Against | Withheld* | |||
|---|---|---|---|---|---|---|
| 1 | Receipt and Adoption of Financial Statements | 75,704,272 | 99.99% | 5,006 | 0.01% | 283,994 |
| 2 | Approval of Final Dividend | 75,993,040 | 100.00% | 6 | 0.00% | 226 |
| 3 | Approval of Directors' Remuneration Report | 75,443,716 | 99.28% | 547,062 | 0.72% | 2,494 |
| 4 | Re-election of Bruce Thompson | 64,081,144 | 84.36% | 11,884,344 | 15.64% | 27,784 |
| 5 | Re-election of Nick Jefferies | 71,054,536 | 93.50% | 4,935,859 | 6.50% | 2,877 |
| 6 | Re-election of Simon Gibbins | 74,493,532 | 98.03% | 1,496,869 | 1.97% | 2,871 |
| 7 | Re-election of Clive Watson | 70,917,309 | 93.40% | 5,015,179 | 6.60% | 60,784 |
| 8 | Re-election of Rosalind Kainyah | 71,009,960 | 93.83% | 4,671,207 | 6.17% | 312,105 |
| 9 | Re-election of Celia Baxter | 71,288,216 | 93.85% | 4,669,201 | 6.15% | 35,855 |
| 10 | Re-appointment of Auditor | 75,956,267 | 100.00% | 3,160 | 0.00% | 33,845 |
| 11 | Authority to fix Auditor's Remuneration | 75,990,001 | 100.00% | 3,029 | 0.00% | 242 |
| 12 | Authority to Allot Shares | 64,152,636 | 84.45% | 11,812,129 | 15.55% | 28,507 |
| 13 | Additional Authority to Allot Shares | 63,887,841 | 84.10% | 12,076,930 | 15.90% | 28,501 |
| 14 | Authority to Disapply Statutory Pre-Emption Rights | 75,079,897 | 99.40% | 453,395 | 0.60% | 459,980 |
| 15 | Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment) | 73,697,576 | 97.03% | 2,259,452 | 2.97% | 36,244 |
| 16 | Additional Authority to Allot Shares | 73,291,017 | 97.03% | 2,241,011 | 2.97% | 461,244 |
| 17 | Authority to Purchase Company's Own Shares | 75,653,329 | 99.99% | 5,765 | 0.01% | 334,178 |
| 18 | Notice of General Meetings | 70,932,747 | 93.34% | 5,059,710 | 6.66% | 815 |
| 19 | To authorise political donations | 74,572,646 | 98.52% | 1,123,447 | 1.48% | 297,179 |
* A 'vote withheld' in respect of any resolution is not a vote in law and is not counted in the calculation of the proportion of the votes for and against it.
The total number of votes cast was 75,993,272, representing 78.06% of the Company's total issued share capital. As at today's date, discoverIE Group plc has 97,356,109 ordinary shares in issue.
A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.