Result of AGM

RNS Number : 0251N

Vislink PLC

03 June 2010

 



Vislink plc

Annual General Meeting Results

3 June 2010

Vislink plc ("The Group"), the global technology business specialising in secure communications products and services for the News & Entertainment, Law Enforcement & Public Safety, Marine & Energy markets, held its Annual General Meeting today. All Resolutions were duly passed.

The Board noted a number of investors in the Company have chosen not to vote in favour of the Remuneration Report. The Remuneration Committee has already had in place a process of dialogue and consultation with a number of institutional investors in relation to specific concerns that they have raised.  Clearly, to the extent that remuneration arrangements for senior executives within Vislink are reviewed within the next 12 months, the Committee would expect to consult with its investors ahead of formally bringing forward any revised policies at next year's AGM.

Tim Trotter, Chairman, also announced that as this was his ninth year as a director of the Company he was no longer considered to be independent under the Combined Code. At the request of the Board he had agreed to remain Chairman for a further year to ensure continuity as the Group completes its re-organisation during the current economic downturn. The Company will initiate a search for a new Chairman in the course of this year and Mr Trotter is expected to step down from the Board at the next Annual General Meeting.

A summary of the proxy voting will be published in the Investor Information of the Company's website at www.vislink.com/investor-information/financial-news.

Copies of the approved special business resolutions (6 to 14) will be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London    E14 5HS

Tel: [phone]

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Enquiries:

Vislink plc	Duncan Lewis, Chief Executive	01488 685500
Vislink plc	James Trumper, Group Finance Director	01488 685500
Hudson Sandler	Charlie Jack	020 7796 4133

 

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