REG - Inspecs Group PLC - Result of AGM

InspecsAnnouncement

15/06/2023 15:45

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RNS Number : 8959C  Inspecs Group PLC  15 June 2023

15 June 2023

Inspecs Group plc

("Inspecs" the "Company" or "the Group")

Result of AGM

 

Inspecs Group plc, a leading designer, manufacturer and distributor of eyewear
frames, announces that at the Annual General Meeting held earlier today, all
resolutions were duly passed.

 

 Resolution                                                                              For                          Against                      Withheld   Total votes cast
         Number of                                                                       %           Number of votes  %           Number of votes

         votes
 1.      Ordinary resolution to receive and adopt the Company's annual accounts and      77,826,788  100.00%          0           0.00%            1,057      77,826,788
         reports
 2.      Ordinary resolution to approve the directors' remuneration report               61,776,882  81.89%           13,657,909  18.11%           2,393,054  75,434,791
 3.      Ordinary resolution to re-elect Robin Totterman as a director of the Company.   73,038,722  94.66%           4,119,643   5.34%            669,480    77,158,365
 4.      Ordinary resolution to re-elect Richard Peck as a director of the Company.      77,765,588  100.00%          1,200       0.00%            61,057     77,766,788
 5.      Ordinary resolution to re-elect Christopher Kay as a director of the Company.   77,765,588  100.00%          1,200       0.00%            61,057     77,766,788

 6.      Ordinary resolution to re-elect Christopher Hancock as a director of the        73,274,288  97.13%           2,162,278   2.87%            2,391,279  75,436,566

       Company.

 7.      Ordinary resolution to re-elect Angela Farrugia as a director of the Company.   72,702,533  93.49%           5,064,255   6.51%            61,057     77,766,788

 8.      Ordinary resolution to elect Shaun Smith as a director of the Company.          77,765,788  100.00%          1,000       0.00%            61,057     77,766,788

 9.      Ordinary resolution to elect Hugo Adams as a director of the Company.           77,765,788  100.00%          1,000       0.00%            61,057     77,766,788
 10.     Ordinary resolution to re-appoint Ernst & Young LLP as the Company's            77,820,975  99.99%           5,410       0.01%            1,460      77,826,385
         auditors to hold office from the conclusion of this meeting until the
         conclusion of the next meeting, in accordance with normal practice.
 11.     Ordinary resolution to authorise the directors to determine the remuneration    77,826,788  100.00%          0           0.00%            1,057      77,826,788

       of the auditors

 12.     Ordinary resolution to enable the Company and each of its subsidiaries to make  71,979,083  92.56%           5,786,802   7.44%            61,960     77,765,885

       political donations and expenditure.

 13.     Ordinary resolution to authorise the directors to allot ordinary shares in the  77,762,885  100.00%          3,500       0.00%            61,460     77,766,385
         Company up to a maximum nominal amount of £338,905.08 and up to a further

         maximum nominal amount of £338,905.08 where the allotment is in connection
         with an offer by way of a rights issue.
 14.     Special resolution to enable the directors to allot, grant options over or      66,032,162  84.91%           11,734,626  15.09%           61,057     77,766,788
         otherwise dispose of equity securities for cash or sell treasury shares for
         cash up to a maximum aggregate nominal amount of £101,671.52 as if
         pre-emption rights did not apply to such allotment.
 15.     Special Resolution to further disapply pre-emption rights in relation to        66,032,162  84.91%           11,734,626  15.09%           61,057     77,766,788
         acquisitions or other capital investments.
 16.     Special resolution to authorise the Company to make market purchases of up to   77,825,606  100.00%          310         0.00%            1,929      77,825,916
         10,167,153 ordinary shares (which represents approximately 10 per cent of the
         Company's ordinary shares (excluding treasury shares) in issue on 31 December
         2022).

 

 

For further information please contact:

 

 Inspecs Group plc                         via FTI Consulting

 Richard Peck (CEO)                        Tel: +44 (0) 20 3727 1000

 Chris Kay (CFO)

 Peel Hunt (Nominated Adviser and Broker)  Tel: +44 (0) 20 7418 8900

 Adrian Trimmings

 Andrew Clark

 Lalit Bose

 FTI Consulting (Financial PR)             Tel: +44 (0) 20 3727 1000

 Alex Beagley

 Harriet Jackson

 Alice Newlyn

About Inspecs Group plc

 

INSPECS is a Bath-based designer, manufacturer and distributor of eyewear
frames and optically advanced spectacle lenses. The Group produces a broad
range of frames and lenses, covering optical, sunglasses and safety, which are
either "Branded" (either under licence or under the Group's own proprietary
brands), or "OEM" (including private label on behalf of retail customers, as
well as unbranded).

INSPECS aims to be the leader in eyewear solutions through its
vertically-integrated business model and has adopted a three-pillar growth
strategy to achieve this: (i) continue to grow organically; (ii) undertake
further acquisitions (and drive value through leveraging the Group's internal
capabilities); and (iii) extend the Group's manufacturing capacity.

INSPECS customers include global optical and non-optical retailers, global
distributors and independent opticians, with its distribution network covering
over 80 countries and reaching approximately 75,000 points of sale.

INSPECS has operations across the globe: with offices and subsidiaries in the
UK, Germany, Portugal, Scandinavia, the US and China (including Hong Kong,
Macau and Shenzhen), and manufacturing facilities in Vietnam, China, the UK
and Italy.

More information is available at: https://inspecs.com (https://inspecs.com)
 

 

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