REG - Marks Electrical Grp - Result of AGM

Marks ElectricalAnnouncement

11/08/2022 13:15

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RNS Number : 7528V  Marks Electrical Group plc  11 August 2022

For immediate release
 
11 August 2022

 

Marks Electrical Group plc

(the "Company")

Result of AGM

 

Marks Electrical Group plc announces that at its Annual General Meeting held
at 11.00 a.m. on 11 August 2022 at its registered office at 4 Boston Road,
Leicester, LE4 1AU, all 13 resolutions put to members were passed on a poll.
Resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 and
13 were passed as special resolutions.

The results of the poll (including proxy votes) were as follows:

  Resolution                                                                      Votes for   %         Votes against  %       Votes withheld
 Resolution 1 (Ordinary)                                                          88,138,979  100.000%  0              0.000%  0

 To receive the reports of the Directors and the Financial Statements for the
 year ended 31 March 2022 together with the report of the auditor thereon.
 Resolution 2 (Ordinary)                                                          88,138,887  100.000%  0              0.000%  92

 To elect Josh Egan as a Director.
 Resolution 3 (Ordinary)                                                          88,138,887  100.000%  0              0.000%  92

 To elect Alyson Fadil as a Director.
 Resolution 4 (Ordinary)                                                          88,138,887  100.000%  0              0.000%  92

 To elect Marnie Millard as a Director.
 Resolution 5 (Ordinary)                                                          88,138,887  100.000%  0              0.000%  92

 To elect Mark Smithson as a Director.
 Resolution 6 (Ordinary)                                                          88,138,887  100.000%  0              0.000%  92

 To elect David Wilkinson as a Director.
 Resolution 7 (Ordinary)                                                          88,138,979  100.000%  0              0.000%  0

 To declare a final dividend for the year ended 31 March 2022 of 0.67 pence per
 share.
 Resolution 8 (Ordinary)                                                          88,132,293  99.996%   3,936          0.004%  2,750

 To reappoint BDO LLP as the Company's auditor.
 Resolution 9 (Ordinary)                                                          88,132,293  99.996%   3,936          0.004%  2,750

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 10 (Ordinary)                                                         88,134,043  99.994%   4,936          0.006%  0

 To approve, on an advisory basis, the Statement of the Chair of the
 Remuneration Committee and the Annual Report on Remuneration.
 Resolution 11 (Ordinary)                                                         88,138,979  100.000%  0              0.000%  0

 To authorise the Directors to allot shares.
 Resolution 12 (Special)                                                          88,137,979  99.999%   1,000          0.001%  0

 To authorise Directors to disapply pre-emption rights.
 Resolution 13 (Special)                                                          84,073,070  100.000%  0              0.000%  4,065,909

 To authorise the Company to purchase its own shares.

 

As at 11 August, there were 104,949,050 ordinary shares in issue. Shareholders
are entitled to one vote per share. Votes withheld are not votes in law and so
have not been included in the calculation of the proportion of votes for and
against a resolution.

- Ends -

 

FOR FURTHER ENQUIRIES:

 

Enquiries:

Marks Electrical Group
plc                                                                   Via
Dentons Global Advisors:

Mark Smithson,
CEO                                                                              Tel:
+44 (0)20 7664 5095

Josh Egan, CFO
 

 

Dentons Global Advisors (Financial PR)

Jonathon
Brill
markselectrical@dentonsglobaladvisors.com

James Styles
 

Fern Duncan
                                                 Tel:
+44 (0)20 7664 5095

 

Panmure Gordon (NOMAD and Joint Broker)

Oliver Cardigan, Ailsa Macmaster (Corporate
Finance)                    Tel: +44 (0) 207 886 2500

Erik Anderson (Corporate
Broking)

 

Berenberg (Joint Broker)

Matthew Armitt / Michelle Wilson / Jack Botros
         Tel: +44 (0) 20 3207 7800

(UK Investment Banking)

 

 

About Marks Electrical

 

Marks Electrical is a fast growing, highly scalable, technology driven
e-commerce electricals retailer which sells, delivers, installs and recycles a
wide range of household electrical products. The Group was founded in
Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online
retailer with a compelling growth track record, thanks to its vertically
integrated, low-cost, high-quality operating model, supported by the ongoing
structural shift of consumers to purchase online. The Group operates within
the UK Major Domestic Appliances (MDA) market, estimated to be worth
approximately £5.4 billion.

 

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 3,500 products from over 50
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

 

For further information, visit the Marks Electrical corporate website:
https://group.markselectrical.co.uk (https://group.markselectrical.co.uk) and
its retail website: https://markselectrical.co.uk/
(https://markselectrical.co.uk/) .

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