REG - Midwich Group PLC - Result of AGM

MidwichAnnouncement

09/05/2023 16:00

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RNS Number : 8389Y  Midwich Group PLC  09 May 2023

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  % ISC voted
         Number of                                                                       %           Number of votes  %          Number of votes

         votes
 1.      Ordinary resolution to receive and adopt the Company's annual accounts for the  79,849,320  100.00%          160        0.00%            0         79,849,480        87.56%
         financial year ended 31 December 2022
 2.      Ordinary resolution to re-elect Stephen Fenby as a director of the Company.     79,124,451  99.09%           725,029    0.91%            0         79,849,480        87.56%
 3.      Ordinary resolution to re-elect Andrew Herbert as a director of the Company.    77,956,260  97.63%           1,893,220  2.37%            0         79,849,480        87.56%
 4.      Ordinary resolution to re-elect Mike Ashley as a director of the Company.       78,738,975  98.61%           1,110,505  1.39%            0         79,849,480        87.56%
 5.      Ordinary resolution to re-elect Stephen Lamb as a director of the Company.      79,124,451  99.09%           725,029    0.91%            0         79,849,480        87.56%
 6.      Ordinary resolution to re-elect Hilary Wright as a director of the Company.     79,849,320  100.00%          160        0.00%            0         79,849,480        87.56%
 7.      Ordinary resolution to re-appoint Grant Thornton UK LLP as the Company's        78,850,009  98.75%           999,471    1.25%            0         79,849,480        87.56%
         auditors.
 8.      Ordinary resolution to declare a final dividend for the financial year ended    79,849,320  100.00%          160        0.00%            0         79,849,480        87.56%
         31 December 2022 of 10.5p per ordinary share.
 9.      Ordinary resolution to approve the Directors' Remuneration Report (excluding    78,284,967  98.04%           1,564,513  1.96%            0         79,849,480        87.56%
         the directors' remuneration policy).
 10.     Ordinary resolution to authorise the directors to allot shares.                 79,124,054  99.09%           725,029    0.91%            397       79,849,083        87.56%
 11.     Special resolution to disapply pre-emption rights.                              79,124,054  99.09%           725,029    0.91%            397       79,849,083        87.56%
 12.     Further special resolution to disapply pre-emption rights in circumstances      77,124,054  96.59%           2,725,029  3.41%            397       79,849,083        87.56%
         permitted by the Pre-emption Group guidelines.

 

For further information:

 

 Midwich Group plc                                      +44 (0) 1379 649200

Stephen Fenby, Managing Director

Stephen Lamb, Finance Director
 Investec Bank plc (NOMAD and Joint Broker to Midwich)  +44 (0) 20 7597 5970

 Carlton Nelson / Ben Griffiths
 Berenberg (Joint Broker to Midwich)                    +44 (0) 20 3207 7800

Ben Wright / Richard Andrews / Arnav Kapoor
 FTI Consulting                                         +44 (0) 20 3727 1000

Alex Beagley / 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 22,000
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 1,600 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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