REG - Midwich Group PLC - Result of AGM

MidwichAnnouncement

09/05/2022 12:30

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RNS Number : 7976K  Midwich Group PLC  09 May 2022

9 May 2022

 

Midwich Group plc

("Midwich" or the "Group")

 

Result of AGM

 

Midwich Group (AIM: MIDW), a global specialist audio visual ("AV") distributor
to the trade market, announces that at the Annual General Meeting held
earlier today, all resolutions were duly passed.

 

Details of the proxy votes received on each resolution by Midwich's Registrar
are set out below:

 

 Resolution                                                                              In Favour                    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 for the  47,617,526  100              0        0                0         47,617,526
         financial year ended 31 December 2021
 2.      Ordinary resolution to re-elect Stephen Fenby as a director of the Company.     47,617,526  100              0        0                0         47,617,526
 3.      Ordinary resolution to re-elect Andrew Herbert as a director of the Company.    47,617,526  100              0        0                0         47,617,526
 4.      Ordinary resolution to re-elect Mike Ashley as a director of the Company.       47,617,526  100              0        0                0         47,617,526
 5.      Ordinary resolution to re-elect Stephen Lamb as a director of the Company.      47,617,526  100              0        0                0         47,617,526
 6.      Ordinary resolution to re-elect Hilary Wright as a director of the Company.     47,617,526  100              0        0                0         47,617,526
 7.      Ordinary resolution to re-appoint Grant Thornton UK LLP as the Company's        47,617,526  100              0        0                0         47,617,526
         auditors.
 8.      Ordinary resolution to approve the Directors' Remuneration Report (excluding    47,617,526  100              0        0                0         47,617,526
         the directors' remuneration policy).
 9.      Ordinary resolution to authorise the directors to allot shares.                 47,617,526  100              0        0                0         47,617,526
 10.     Special resolution to disapply pre-emption rights.                              47,617,526  100              0        0                0         47,617,526
 11.     Further special resolution to disapply pre-emption rights in circumstances      47,470,669  99.69            146,857  0.31             0         47,617,526
         permitted by the Pre-emption Group guidelines.

 

For further information:

 

 Midwich Group plc                                      Tel: +44 (0) 13 7964 9200

 Stephen Fenby, Managing Director

 Stephen Lamb, Finance Director

 Investec Bank plc (NOMAD and Joint Broker to Midwich)  Tel: +44 (0) 20 7597 5970

 Carlton Nelson

 Ben Griffiths

 Berenberg (Joint Broker to Midwich)                    Tel: +44 (0) 20 3207 7800

 Ben Wright

 Richard Andrews

 Alix Mecklenberg-Solodkoff

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

 Alex Beagley                                           midwich@fticonsulting.com

 Tom Hufton

 Rafaella de Freitas

 

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in
the UK and Ireland, EMEA, Asia Pacific and North America. The Group's
long-standing relationships with over 600 vendors, including blue-chip
organisations, support a comprehensive product portfolio across major audio
visual categories such as large format displays, projectors, digital signage
and professional audio. The Group operates as the sole or largest in-country
distributor for a number of its vendors in their respective product sets.

 

The Directors attribute this position to the Group's technical expertise,
extensive product knowledge and strong customer service offering built up over
a number of years. The Group has a large and diverse base of over 20,000
customers, most of which are professional AV integrators and IT resellers
serving sectors such as corporate, education, retail, residential and
hospitality. Although the Group does not sell directly to end users, it
believes that the majority of its products are used by commercial and
educational establishments rather than consumers.

 

Initially a UK only distributor, the Group now has around 1,000+ employees
across the UK and Ireland, EMEA, Asia Pacific and North America. A core
component of the Group's growth strategy is further expansion of its
international operations and footprint into strategically targeted
jurisdictions.

 

For further information, please visit www.midwichgroupplc.com
(http://www.midwichgroupplc.com/)

 

 

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