REG - discoverIE Group plc - Results of Annual General Meeting

DiscoverieAnnouncement

26/07/2024 13:00

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RNS Number : 0651Y  discoverIE Group plc  26 July 2024

 

26 July 2024

 

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 to industry,
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                                                        77,993,103  100.00%  893         0.00%    292,741

      Financial Statements
 2    Approval of Final Dividend                                                     78,286,737  100.00%  0           0.00%    0
 3    Approval of Directors'                                                         77,383,278  98.85%   900,574     1.15%    2,885

      Remuneration Report
 4    Approval of Directors' Remuneration Policy                                     75,169,860  96.03%   3,111,165   3.97%    5,712
 5    Re-election of Bruce Thompson                                                  75,490,087  96.43%   2,792,196   3.57%    4,454
 6    Re-election of Nick Jefferies                                                  73,421,554  93.79%   4,860,144   6.21%    5,039
 7    Re-election of Simon Gibbins                                                   77,125,363  98.52%   1,156,920   1.48%    4,454
 8    Re-election of Tracey Graham                                                   75,660,332  96.65%   2,621,951   3.35%    4,454
 9    Re-election of Clive Watson                                                    68,950,286  88.08%   9,331,997   11.92%   4,454
 10   Re-election of Rosalind Kainyah                                                75,632,814  96.91%   2,410,884   3.09%    243,039
 11   Re-election of Celia Baxter                                                    75,873,817  96.92%   2,408,466   3.08%    4,454
 12   Appointment of Auditor                                                         78,040,013  99.69%   242,479     0.31%    4,245
 13   Authority to fix Auditor's Remuneration                                        78,279,885  100.00%  3,117       0.00%    3,735
 14   Authority to Allot Shares                                                      67,646,857  86.41%   10,639,880  13.59%   0
 15   Additional Authority to Allot Shares                                           67,647,616  86.41%   10,639,121  13.59%   0
 16   Authority to Disapply Statutory                                                75,675,717  96.66%   2,611,020   3.34%    0

      Pre-Emption Rights
 17   Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or  70,432,085  91.18%   6,810,262   8.82%    1,044,390
      specified capital investment)
 18   Additional Authority to Allot Shares                                           71,283,056  91.05%   7,003,096   8.95%    585
 19   Authority to Purchase Company's Own Shares                                     77,615,933  99.61%   307,009     0.39%    363,795
 20   Notice of General Meetings                                                     73,386,415  93.74%   4,900,322   6.26%    0
 21   To authorise political donations                                               76,877,742  98.65%   1,049,809   1.35%    359,186
 22   Approval of a change to the 2021 LTIP Scheme                                   77,830,160  99.42%   455,379     0.58%    1,198
 23   Approval of the 2024 Deferred Share Bonus Plan                                 75,829,058  96.86%   2,456,977   3.14%    702

 

As at today's date, discoverIE Group plc has 96,356,109 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 design and
manufacture 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 is
committed to reducing the impact of its operations on the environment with an
SBTi-aligned plan to reach net zero. With its key markets aligned with a
sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and
is Regional (Europe) Top Rated by Sustainalytics.

 

The Group employs c.4,500 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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