REG - Marks Electrical Grp - Result of AGM

Marks ElectricalAnnouncement

11/08/2023 07:00

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RNS Number : 0061J  Marks Electrical Group plc  11 August 2023

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 10 August 2023 at its registered office at 4 Boston Road,
Leicester, LE4 1AU, all 14 resolutions put to members were passed on a poll.
Resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to
14 were passed as special resolutions.

The number of votes cast for and against each of the resolutions proposed, and
the number of votes withheld were as follows:

  Resolution                                                                      Votes for   %         Votes against  %                  Votes withheld
 Resolution 1 (Ordinary)                                                          87,948,707  100.000%  0              0%                 0

 To receive the Annual Report and Accounts of the Company for the financial
 year ended 31 March 2023 together with the Directors' reports and auditor's
 report on those accounts.
 Resolution 2 (Ordinary)                                                          87,948,615  100.000%  0              0%                 92

 To re-elect Josh Egan as a director of the Company.
 Resolution 3 (Ordinary)                                                          87,948,615  100.000%  0              0%                 92

 To re-elect Alyson Fadil as a director of the Company.
 Resolution 4 (Ordinary)                                                          87,948,615  100.000%  0                      0%         92

 To re-elect Marnie Millard as a director of the Company.
 Resolution 5 (Ordinary)                                                          87,948,615  100.000%  0              0%                 92

 To re-elect Mark Smithson as a director of the Company.
 Resolution 6 (Ordinary)                                                          87,939,524  100.000%  0              0%                 9,183

 To re-elect David Wilkinson as a director of the Company.
 Resolution 7 (Ordinary)                                                          87,947,735  99.999%   880            0.001%             92

 To re-appoint BDO LLP as auditor of the Company to hold office until the
 conclusion of the next general meeting at which accounts are laid before the
 Company.
 Resolution 8 (Ordinary)                                                          87,947,735  99.999%   880            0.001%             92

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 9 (Ordinary)                                                          87,948,707  100.000%  0              0%                 0

 To declare a final dividend of 0.66 pence per ordinary share for the financial
 year ended 31 March 2023.
 Resolution 10 (Ordinary)                                                         87,946,827  99.998%   1,880          0.002%             0

 To approve, on an advisory basis, the Annual Statement of the Chair of the
 Remuneration Committee and the Annual Report on Remuneration.
 Resolution 11 (Ordinary)                                                         87,948,707  100.000%  0              0%                 0

 To authorise the Directors to allot shares.
 Resolution 12 (Special)                                                          87,947,707  99.999%   1,000          0.001%             0

 THAT, subject to resolution 11, the Directors be authorised to allot Equity
 Securities for cash as if section 561 of the CA 2006 did not apply.
 Resolution 13 (Special)                                                          87,947,707  99.999%   1,000          0.001%             0

 THAT, subject to resolution 11 and in addition to 12, the Directors be
 authorised to allot Equity Securities for cash as if section 561 of the CA
 2006 did not apply.
 Resolution 14 (Special)                                                          84,473,707  100.000%  0              0%                 3,475,000

 To authorise the Company to purchase its own shares.

 

As at 10 August 2023, 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.

The full text of each resolution is available in the Notice of Annual General
Meeting, published on our website.

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

markselectrical@dentonsglobaladvisors.com
(mailto:markselectrical@dentonsglobaladvisors.com)
 
 
 
 
 

Canaccord Genuity (NOMAD and Broker)

Max Hartley (Nomad) / Kit Stephenson (Sales)
                                          Tel: +44 (0)
207 886 2500
 

 

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 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) and Consumer Electronics (CE) market,
estimated to be worth approximately £7 billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,500 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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