Result of AGM

RNS Number : 9461K

Synnovia PLC

02 September 2019

 

2^nd September 2019

Synnovia plc

("Synnovia" or the "Company")

Result of Annual General Meeting

Synnovia plc (AIM: SYN) the specialist manufacturer, held its Annual General Meeting earlier today at which all resolutions were duly passed.

A summary of the votes lodged by proxy at the AGM is set out below:

Resolution		In Favour		Against		Number of votes withheld	Total votes cast
		Number of votes	%	Number of votes	%
1	To receive the audited annual accounts and reports of the Company for the year ended 31 March 2019.	8,002,103	93.98	512,574	6.02	0	8,514,677
2	To approve the directors' remuneration report for the year ended 31 March 2019.	8,503,898	99.87	10,779	0.13	0	8,514,677
3	To reappoint Nicholas Ball as a director of the Company.	8,361,951	100.00	0	0.00	152,726	8,514,677
4	To reappoint Andrew Walker as a director of the Company.	7,849,377	93.87	512,574	6.13	152,726	8,514,677
5	To reappoint KPMG LLP as auditors of the Company from the conclusion of the Annual General Meeting, to hold office until the conclusion of the next annual general meeting of the Company.	8,514,677	100.00	0	0.00	0	8,514,677
6	To authorise the directors to determine the remuneration of the auditors of the Company.	8,514,677	100.00	0	0.00	0	8,514,677
7	That the Directors be authorised to allot security in accordance with section 551 of the Companies Act 2006.	8,508,898	99.93	5,779	0.07	0	8,514,677
8*	That the Directors be authorised to allot securities otherwise than on a pre-emptive basis.	8,356,951	98.15	157,726	1.85	0	8,514,677
9*	That the Directors be authorised to allot securities otherwise than on a pre-emptive basis used only for the purposes of financing a transaction which the directors determine to be an acquisition or other capital investment.	8,503,898	99.87	10,779	0.13	0	8,514,677

* Special Resolution

Notes

·    A vote withheld is not a vote in law and does not count in the total of votes cast.

·    Any proxy appointments which gave discretion to the chairman of the meeting have been included in the "for" total.

·    The issued share capital of the Company eligible to vote on resolutions was 38,995,151 Ordinary Shares of 1p each.

For further information, please contact:

Synnovia plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker)
Mark Connelly
Callum Davidson
Allenby Capital Limited	Tel: [phone]
(Joint broker)
David Hart

Notes to Editors

Synnovia is a specialist manufacturer of industrial components and consumables.  Applications for these products vary widely and examples include:

·    Packaging for the food manufacturing and distribution - films, sacks and pouches

·    Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

·    Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·    Cardboard box manufacture - plastic creasing matrices

Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia.  Approximately 50% of its £83 million sales are made outside the UK to more than 80 countries.

Further information can be found on www.synnovia.com

 

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