Results of Annual General Meeting

RNS Number : 1235U
discoverIE Group plc
28 July 2022
 

 

28 July 2022

 

discoverIE Group plc

 

Results of Annual General Meeting

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer and manufacturer of customised electronics for industrial applications, announces that, at the Annual General Meeting held earlier today, all resolutions were approved.  The following levels of proxy votes were received:

 


Resolution

 

Votes For

Votes Against

Withheld

1

Receipt and Adoption of

Financial Statements

81,101,653

99.71%

238,000

0.29%

200








2

Approval of Final Dividend

81,339,653

100.00%

0

0.00%

200








3

Approval of Directors'

Remuneration Report

76,868,179

94.51%

4,467,574

5.49%

4,100








4

Re-election of Malcolm Diamond

68,430,409

86.43%

10,743,627

13.57%

2,165,817








5

Re-election of Nick Jefferies

75,520,768

92.84%

5,818,410

7.15%

675








6

Re-election of Simon Gibbins

81,336,178

99.99%

3,000

0.00%

675








7

Re-election of Bruce Thompson

76,232,521

93.72%

5,107,132

6.28%

200








8

Re-election of Tracey Graham

72,852,333

89.57%

8,482,320

10.43%

5,200








9

Re-election of Clive Watson

70,805,474

92.96%

5,363,594

7.04%

5,170,785








10

Election of Rosalind Kainyah

76,986,914

94.65%

4,352,739

5.35%

200








11

Re-appointment of Auditor

81,090,769

99.69%

248,299

0.31%

785








12

Authority to fix Auditor's Remuneration

81,326,270

99.98%

10,883

0.01%

200








13

Authority to Allot Shares

72,991,829

89.74%

8,347,824

10.26%

200








14

Additional Authority to Allot Shares

72,955,771

89.69%

8,383,297

10.31%

785








15

Authority to Disapply Statutory

Pre-Emption Rights

81,333,252

99.99%

4,401

0.01%

2,200








16

Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment)

81,040,130

99.63%

297,523

0.37%

2,200








17

Additional Authority to Allot Shares

72,191,237

88.75%

9,146,416

11.24%

2,200








18

Authority to Purchase Company's Own Shares

80,344,364

99.70%

238,785

0.30%

756,704








19

Notice of General Meetings

76,822,080

94.45%

4,515,573

5.55%

2,200








20

To authorise political donations

80,467,760

99.36%

512,858

0.63%

359,235








 

As at today's date discoverIE Group plc has 95,456,109 ordinary shares in issue.

A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.

 

 

For further information, please contact:

 

discoverIE Group plc

Greg Davidson - Company Secretary  01483 544 500

 

 

Buchanan

Chris Lane, Toto Berger, Jack Devoy  020 7466 5000

discoverIE@buchanan.uk.com

 

 

 

Notes to Editors:

 

discoverIE Group plc is an international group of businesses that designs and manufactures innovative electronic components for industrial applications.

 

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.

 

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating. 

 

The Group employs c.5,000 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.

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