REG - Marks Electrical Grp - Result of AGM

Marks ElectricalAnnouncement

07/08/2025 16:15

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RNS Number : 4796U  Marks Electrical Group plc  07 August 2025

7 August 2025

MARKS ELECTRICAL GROUP PLC

(the "Company")

 

Result of 2025 Annual General Meeting

 

Marks Electrical Group Plc (LSE: MRK) announces that at the Company's 2025
Annual General Meeting held today, all resolutions were passed on poll and the
results of the poll, including the proxy votes received, are set out below.

 

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 13 (inclusive) were proposed as special resolutions.

 

 No.  Resolution                                                                      Votes For(1)  %       Votes Against  %      Total votes validly cast  Total votes cast as % of issued share capital(2)  Votes Withheld(3)
 1    To receive the Annual Report and Accounts of the Company for the financial      89,624,227    99.998  1,512          0.002  89,625,739                85.399                                            13
      year ended 31 March 2025 together with the Directors' report and auditors
      report
 2    To approve the Annual Statement of the Chair of the Remuneration Committee and  89,612,821    99.986  12,918         0.014  89,625,739                85.399                                            13
      the Annual Report on Remuneration for the year ended 31 March 2025
 3    To re-elect Alyson Fadil as a director of the Company                           89,624,103    99.998  1,544          0.002  89,625,647                85.399                                            105
 4    To re-elect Marnie Millard as a director of the Company                         89,624,103    99.998  1,544          0.002  89,625,647                85.399                                            105
 5    To re-elect Mark Smithson as a director of the Company                          89,624,103    99.998  1,544          0.002  89,625,647                85.399                                            105
 6    To elect Warren Middleton as a director of the Company                          89,624,103    99.998  1,544          0.002  89,625,647                85.399                                            105
 7    To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold      89,593,297    99.966  30,350         0.034  89,623,647                85.397                                            2,105
      office until the conclusion of the next general meeting
 8    To authorise the Directors to determine the fees payable to the auditor         89,620,389    99.994  5,350          0.006  89,625,739                85.399                                            13
 9    To declare a final dividend of 0.66 pence per ordinary share for the financial  89,620,529    99.994  5,210          0.006  89,625,739                85.399                                            13
      year ended 31 March 2025 to be paid on 14 August 2025 to the ordinary
      shareholders
 10   THAT in accordance with section 551 of CA 2006, the Directors be generally and  89,624,127    99.998  1,612          0.002  89,625,739                85.399                                            13
      unconditionally authorised to allot Equity Securities
 11   THAT, subject to resolution 10, the Directors be authorised to allot Equity     89,598,627    99.970  27,112         0.030  89,625,739                85.399                                            13
      Securities for cash as if section 561 of the CA 2006 did not apply
 12   THAT, subject to resolution 10 and in addition to 11, the Directors be          89,598,627    99.970  27,112         0.030  89,625,739                85.399                                            13
      authorised to allot Equity Securities for cash as if section 561 of the CA
      2006 did not apply.
 13   That the Company is authorised to make market purchases of its own Ordinary     89,599,227    99.970  26,512         0.030  89,625,739                85.399                                            13
      Shares

 

(1) Includes discretionary votes cast by the Chair.

(2) Shares held in treasury count to the total issued share capital but are
not voted.

(3) A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

Every shareholder has one vote for every Ordinary Share held. As at close of
business on Tuesday, 5 August 2025, the share capital of the Company consisted
of 104,949,050 Ordinary Shares of which 104,949,050 shares were held with
voting rights. The Company holds no Ordinary Shares in treasury.

 

For further information, please contact:

 

 Marks Electrical Group
 plc                                                                                              Via
 DGA Group:

 Mark Smithson (CEO)

             Tel: +44 (0)20 7664 5095

 Dipesh Mistry (Interim CFO)

 DGA Group (Financial PR)

 Jonathon Brill / James Styles

                              Tel: +44 (0)20 7664
 5095

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

 Canaccord Genuity (NOMAD and Broker)

 Max Hartley / George Grainger

       Tel: +44 (0) 207 886 2500

 JTC (UK) Limited as Company
 Secretary
 Tel : +44 203 846 9774

 Christopher Gibbons

About the Company:

 

Marks Electrical is a fast growing, highly scalable, technology driven
e-commerce electrical 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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