Result of AGM
Strix Group Plc announced that at its Annual General Meeting, resolutions 1 to 11 and 14 were passed, but resolutions 12 and 13, concerning the disapplication of pre-emption rights, failed to achieve the required 75% approval. While resolutions for the Directors' Remuneration Report, re-election of Clare Foster, and directors' powers to allot shares passed, the board noted significant votes against them and will engage with shareholders to understand concerns, particularly regarding the failed pre-emption rights resolutions.
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Strix Group plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration, announces that at the annual general meeting (“AGM”) of the Company, held earlier today, Resolutions 1 to 11 and Resolution 14 were duly passed. Resolutions 12 and 13, which relate to the disapplication of pre-emption rights in respect of the allotment of new shares and were special resolutions requiring 75% approval, did not pass.
While Resolution 2 in respect of the Directors’ Remuneration Report, Resolution 6 in respect of re-election of Clare Foster and Resolution 10 in respect of the Directors powers to allot shares, all duly passed, the Board acknowledges the number of votes which were cast against these resolutions. The Board will seek to engage with shareholders to understand their concerns on these matters as well as on Resolutions 12 and 13, as required under the QCA Corporate Governance Code. The Company remains committed to maintaining transparent communication with its shareholders and will provide further updates in due course.
Full details of the proxy voting results, which should be read alongside the Notice of AGM, are below:
| # | Resolution Description | Votes for | Votes against | Total proxy votes* | Votes withheld | ||
|---|---|---|---|---|---|---|---|
| No. of votes | % of votes cast* | No. of votes | % of votes cast* | No. of votes | |||
| 1 | To receive the annual accounts of the Company for the 15-month period ended 31 March 2026 | 56,493,725 | 99.71% | 164,289 | 0.29% | 56,658,014 | 29,060,655 |
| 2 | To approve the Directors’ Remuneration Report for the 15-month period ended 31 March 2026 | 37,083,693 | 66.15% | 18,976,751 | 33.85% | 56,060,444 | 29,658,225 |
| 3 | To re-elect Gary Lamb as a director | 48,764,855 | 86.62% | 7,530,630 | 13.38% | 56,295,485 | 29,423,184 |
| 4 | To re-elect Mark Kirkland as a director | 52,146,376 | 92.67% | 4,124,651 | 7.33% | 56,271,027 | 29,447,642 |
| 5 | To re-elect Richard Sells as a director | 51,102,819 | 88.05% | 6,932,427 | 11.95% | 58,035,246 | 27,683,423 |
| 6 | To re-elect Clare Foster as a director | 53,594,751 | 62.56% | 32,077,787 | 37.44% | 85,672,538 | 46,131 |
| 7 | To re-appoint Andy Rainforth as a director | 56,452,652 | 99.62% | 214,516 | 0.38% | 56,667,168 | 29,051,501 |
| 8 | To re-appoint PricewaterhouseCoopers LLC as auditors of the Company | 56,431,808 | 99.65% | 199,845 | 0.35% | 56,631,653 | 29,087,016 |
| 9 | To authorise the Directors to determine the remuneration of the auditors | 56,443,925 | 97.19% | 1,630,529 | 2.81% | 58,074,454 | 27,644,215 |
| 10 | To authorise the Directors to allot ordinary shares up to the limits set out in the notice of AGM | 56,415,961 | 65.84% | 29,267,494 | 34.16% | 85,683,455 | 35,214 |
| 11 | To authorise the Directors to make modifications to the Strix Group Plc Long Term Incentive Plan under the conditions set out in the Notice of AGM | 51,073,816 | 87.94% | 7,005,279 | 12.06% | 58,079,095 | 27,639,574 |
| 12 | To authorise the Directors to disapply pre-emption rights, subject to Resolution 10, as set out in the Notice of AGM | 53,410,240 | 62.34% | 32,267,190 | 37.66% | 85,677,430 | 41,239 |
| 13 | To authorise the Directors, in addition to Resolution 12, to dis-apply pre-emption rights for share allotments for acquisitions or specified capital investments, as set out in the Notice of AGM | 39,559,676 | 46.18% | 46,109,984 | 53.82% | 85,669,660 | 49,009 |
| 14 | To authorise the Company to make market purchases of ordinary shares up to the limits set out in the Notice of the AGM | 53,654,700 | 92.36% | 4,435,778 | 7.64% | 58,090,478 | 27,628,191 |
Strix is quoted on the AIM Market of the London Stock Exchange (AIM: KETL).
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