Result of AGM

Inspecs Group PLC
06 June 2024
 

6 June 2024

Inspecs Group plc

("Inspecs" the "Company" or "the Group")

Result of AGM

 

Inspecs Group plc, a leading designer, manufacturer, and distributor of eyewear (sunglasses, optical frames, lenses and low vision products), announces that at the Annual General Meeting held earlier today, all resolutions were duly passed.

 

Resolution

For

Against

Withheld

Total votes cast

Number of

votes

%

Number of votes

%

Number of votes

 

1.

Ordinary resolution to receive and adopt the Company's annual accounts and reports

73,109,751

100.00%

0

0.00%

0

73,109,751

2.

Ordinary resolution to approve the directors' remuneration report

71,889,177

98.33%

1,219,764

1.67%

810

73,108,941

3.

Ordinary resolution to re-elect Robin Totterman as a director of the Company.

71,892,523

99.97%

19,882

0.03%

1,197,346

71,912,405

4.

Ordinary resolution to re-elect Richard Peck as a director of the Company.

73,089,369

99.97%

19,882

0.03%

500

73,109,251

5.

 

Ordinary resolution to re-elect Christopher Kay as a director of the Company.

55,266,609

75.59%

17,842,642

24.41%

500

73,109,251

6.

 

 

Ordinary resolution to re-elect Christopher Hancock as a director of the Company.

71,892,323

98.34%

1,216,928

1.66%

500

73,109,251

7.

 

 

Ordinary resolution to re-elect Angela Farrugia as a director of the Company.

73,089,369

99.97%

20,382

0.03%

0

73,109,751

8.

 

 

Ordinary resolution to elect Shaun Smith as a director of the Company.

71,915,071

98.37%

1,194,180

1.63%

500

73,109,251

9.

Ordinary resolution to elect Hugo Adams as a director of the Company.

73,089,369

99.97%

19,882

0.03%

500

73,109,251

10.

Ordinary resolution to re-appoint Ernst & Young LLP as the Company's auditors to hold office from the conclusion of this meeting until the conclusion of the next meeting, in accordance with normal practice.

73,092,920

99.98%

16,631

0.02%

200

73,109,551

11.

 

Ordinary resolution to authorise the directors to determine the remuneration of the auditors

73,092,810

99.98%

16,631

0.02%

310

73,109,441

12.

 

 

Ordinary resolution to enable the Company and each of its subsidiaries to make political donations and expenditure.

65,456,002

89.53%

7,651,960

10.47%

1,789

73,107,962

13.

Ordinary resolution to authorise the directors to allot ordinary shares in the Company up to a maximum nominal amount of £338,905.08 and up to a further

maximum nominal amount of £338,905.08 where the allotment is in connection with an offer by way of a rights issue.

73,089,384

99.97%

20,167

0.03%

200

73,109,551

14.

Special resolution to enable the directors to allot, grant options over or otherwise dispose of equity securities for cash or sell treasury shares for cash up to a maximum aggregate nominal amount of £101,671.52 as if pre-emption rights did not apply to such allotment.

64,488,514

88.21%

8,621,037

11.79%

200

73,109,551

15.

Special Resolution to further disapply pre-emption rights in relation to acquisitions or other capital investments.

64,483,674

88.20%

8,624,288

11.80%

1,789

73,107,962

16.

Special resolution to authorise the Company to make market purchases of up to 10,167,152 ordinary shares (which represents approximately 10 per cent of the Company's ordinary shares (excluding treasury shares) in issue on 31 December 2023).

73,093,120

99.98%

16,631

0.02%

0

73,109,751

 

 

For further information please contact:

 

Inspecs Group plc

Richard Peck (CEO)

Chris Kay (CFO)

 

via FTI Consulting

Tel: +44 (0) 20 3727 1000

Peel Hunt (Nominated Adviser and Broker)

George Sellar

Andrew Clark

 

 

Tel: +44 (0) 20 7418 8900

FTI Consulting (Financial PR)

Alex Beagley

Harriet Jackson

Amy Goldup

 

Tel: +44 (0) 20 3727 1000

About Inspecs Group plc

INSPECS is a leading provider of eyewear solutions to the global eyewear market. The Group produces a broad range of eyewear frames, low vision aids and lenses, covering optical, sunglasses and safety, which are either "Branded" (under licence or under the Group's own proprietary brands), or "OEM" (unbranded or private label on behalf of retail customers).

 

INSPECS is building a global eyewear business through its vertically integrated business model. Its continued growth is underpinned by six core pillars: increasing the penetration of its own-brand portfolio, increasing distribution, growing its travel retail markets, maximising group synergies, expanding its manufacturing capacity and scaling the research and development department as it develops new and innovative eyewear products. 

 

The Group has operations across the globe: with offices and subsidiaries in the UK, Germany, Portugal, Scandinavia, the US and China (including Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, the UK and Italy.

 

INSPECS customers are global optical and non-optical retailers, global distributors and independent opticians. Its distribution network covers over 80 countries and reaches approximately 75,000 points of sale.

 

More information is available at: https://inspecs.com  

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