REG - IMI PLC - Shareholder Consultation Following the 2025 AGM

IMIAnnouncement

23/10/2025 10:00

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RNS Number : 5779E  IMI PLC  23 October 2025

23 October 2025

 

IMI plc

 ("IMI" or the "Company")

Statement Regarding Shareholder Consultation Following the 2025 Annual General
Meeting

 

At the Company's Annual General Meeting ("AGM") held on 8 May 2025, all
proposed resolutions were duly passed by shareholders. However, Special
Resolution B, relating to the authority to allot securities for cash for
specific financing purposes, received 78.25% support, falling below the 80%
threshold outlined in the UK Corporate Governance Code (the Code) for enhanced
shareholder engagement.

In line with the Code, the Company contacted shareholders who were understood
to have voted against the resolution to seek their views and better understand
any concerns. Feedback received indicated that the lower level of support was
primarily driven by institutional voting policies and concerns around
potential dilution, particularly in the absence of a defined transaction for
which the authority would be exercised.

The resolution was consistent with the Pre-Emption Group's 2022 Statement of
Principles regarding the disapplication of pre-emption rights. The Board
considered the flexibility afforded by the resolution to be in the best
interests of the Company and its shareholders. Nonetheless, the Board remains
committed to ongoing dialogue with shareholders and will continue to review
its approach in this area. A further update will be provided in the Company's
2025 Annual Report. The Board is grateful to shareholders for their engagement
and constructive feedback.

Enquiries to:

IMI

Edward Hann, Head of Investor
Relations                             Tel: 07977
354 810

Fran Burge, Deputy Company
Secretary                               Tel:
0121 717 3700

 

 

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