REG - discoverIE Group plc - Results of Annual General Meeting

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24/07/2023 14:45

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RNS Number : 9978G  discoverIE Group plc  24 July 2023

 

24 July 2023

 

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                                                        79,915,512  99.84%   128,594     0.16%    289,221

     Financial Statements
 2   Approval of Final Dividend                                                     80,326,665  99.99%   5,434       0.01%    1,228
 3   Approval of Directors'                                                         79,145,375  98.53%   1,180,225   1.47%    7,727

     Remuneration Report
 4   Re-election of Bruce Thompson                                                  78,008,388  97.11%   2,323,111   2.89%    1,828
 5   Re-election of Nick Jefferies                                                  77,226,472  96.14%   3,104,552   3.86%    2,303
 6   Re-election of Simon Gibbins                                                   80,269,676  99.92%   61,348      0.08%    2,303
 7   Re-election of Tracey Graham                                                   78,539,531  97.77%   1,791,968   2.23%    1,828
 8   Re-election of Clive Watson                                                    73,430,161  97.79%   1,657,063   2.21%    5,246,103
 9   Re-election of Rosalind Kainyah                                                78,538,027  98.06%   1,555,472   1.94%    239,828
 10  Election of Celia Baxter                                                       80,294,388  99.95%   37,111      0.05%    1,828
 11  Re-appointment of Auditor                                                      80,087,413  99.70%   241,001     0.30%    4,913
 12  Authority to fix Auditor's Remuneration                                        80,325,414  100.00%  3,000       0.00%    4,913
 13  Authority to Allot Shares                                                      68,888,988  86.01%   11,205,111  13.99%   239,228
 14  Additional Authority to Allot Shares                                           68,539,754  85.32%   11,792,345  14.68%   1,228
 15  Authority to Disapply Statutory                                                76,425,833  95.14%   3,906,266   4.86%    1,228

     Pre-Emption Rights
 16  Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or  73,333,491  93.22%   5,332,087   6.78%    1,667,749
     specified capital investment)
 17  Additional Authority to Allot Shares                                           68,298,376  85.02%   12,033,025  14.98%   1,926
 18  Authority to Purchase Company's Own Shares                                     79,205,735  99.70%   238,000     0.30%    889,592
 19  Notice of General Meetings                                                     76,552,647  95.30%   3,779,452   4.70%    1,228
 20  To authorise political donations                                               78,320,947  98.11%   1,508,490   1.89%    502,667

 

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 (mailto: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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