Result of AGM
Velocity Composites plc announced that all resolutions presented at its Annual General Meeting were duly passed by shareholders. Resolution 1 received unanimous approval with 18,948,144 votes in favour and zero against. Other resolutions, including those related to director re-elections and remuneration, also passed with strong support, generally exceeding 97% of votes cast in favour, though some saw a small percentage of votes against and a notable number of withheld votes, particularly for resolutions 10, 11, and 12.
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Velocity Composites plc (AIM: VEL.L), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, announces that the resolutions put to Shareholders at the Annual General Meeting of the Company held earlier today were duly passed.
The votes cast at the Annual General Meeting, including proxy votes, were as follows:
| Resolution Number | Number of Votes For | % of Votes For | Number of Votes Against | % of Votes Against | Number of Votes Withheld |
|---|---|---|---|---|---|
| 1 | 18,948,144 | 100.00% | 46 | 0.00% | 36,118 |
| 2 | 18,326,198 | 97.62% | 446,108 | 2.38% | 212,002 |
| 3 | 18,485,547 | 97.68% | 439,178 | 2.32% | 59,583 |
| 4 | 18,478,671 | 97.64% | 446,054 | 2.36% | 59,583 |
| 5 | 18,478,171 | 97.64% | 446,554 | 2.36% | 59,583 |
| 6 | 18,291,097 | 97.67% | 436,128 | 2.33% | 257,083 |
| 7 | 18,474,704 | 97.61% | 452,521 | 2.39% | 57,083 |
| 8 | 18,671,199 | 98.65% | 255,932 | 1.35% | 57,177 |
| 9 | 18,537,363 | 98.52% | 278,301 | 1.48% | 168,644 |
| 10 | 13,542,221 | 97.50% | 346,985 | 2.50% | 5,095,102 |
| 11 | 13,575,423 | 97.82% | 303,100 | 2.18% | 5,107,785 |
| 12 | 17,121,407 | 98.62% | 238,944 | 1.38% | 1,623,957 |
A "vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" and resolution.
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