Result of AGM

RNS Number : 6655U

Volex PLC

30 July 2020

 

30 July 2020

Volex plc

("Volex" or the "Company")

Voting Results for the Company's 2020 Annual General Meeting ("AGM")

Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products , is pleased to announce the results of its AGM, held earlier today, at which all resolutions were duly passed. Votes were cast as follows:

Resolution	Percentage in Favour*	Votes For	Votes Against	Votes Withheld*
1. To receive the audited accounts of the Company for the financial year ended 5 April 2020	99.99%	106,392,759	10,138	61
2. To approve the Directors' Remuneration Report	98.95%	105,277,900	1,116,348	8,710
3. To declare a final dividend of 2 pence per Ordinary Share for the financial year ended 5 April 2020	99.99%	106,392,759	10,138	61
4. To re-elect Dean Moore as a Director of the Company	98.56%	104,871,263	1,527,084	4,611
5. To reappoint PricewaterhouseCoopers LLP as auditors of the Company and to authorise the Directors to determine their remuneration	99.92%	106,314,224	82,174	6,560
6. To authorise the Company to make political donations above the Companies Act limit	70.86%	57,393,454	23,606,974	25,402,530
7. To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006	99.07%	105,345,773	989,625	67,560
8. To allow the Directors to allot equity securities under the authority conferred by Resolution 7 as if section 561 of the 2006 Act did not apply	99.96%	106,304,224	34,174	61,560
9. To allow the Directors, in addition to any authority granted under Resolution 8, to allot equity securities as if section 561 of the 2006 Act did not apply	99.96%	106,307,524	33,874	58,560
10. To authorise the Company to make purchases of its own shares, further to section 701 of the 2006 Act	99.97%	106,324,759	17,138	58,061

*A vote withheld is not treated as a vote in law and is not counted in the calculation of the proportion of the votes cast for or against a resolution.

Resolutions 1 to 7 were ordinary resolutions, requiring a simple 50% majority of votes cast to pass, while resolutions 8 to 10 were special resolutions, requiring 75% support to pass.

The total number of Volex shares in issue on Tuesday 28 July 2020 was 152,250,802.

The full text of each of the resolutions is set out in the Notice of AGM, which is available on the Volex website ( www.volex.com ) on the "Information for Shareholders" page in the Investor Relations section.

For further information please contact :

Volex plc	[phone]
Nat Rothschild, Executive Chairman
Daren Morris, Chief Financial Officer and Company Secretary

N+1 Singer - Nominated Adviser & Joint Broker	[phone]
Shaun Dobson
Iqra Amin

P anmure Gordon - Joint Broker	[phone]
Hugh Rich
Nick Lovering

 

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