REG - Nexteq PLC - Result of AGM and Result of General Meeting

NexteqAnnouncement

16/04/2024 12:00

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RNS Number : 8262K  Nexteq PLC  16 April 2024

16 April 2024

Nexteq plc

 

("Nexteq", the "Company" or the "Group")

 

Result of Annual General Meeting

and

Result of General Meeting

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in
selected industrial markets, is pleased to announce the following:

Result of Annual General Meeting

The Company announces that at the Annual General Meeting held earlier today,
all resolutions were passed.

Final results of proxy appointments received for the AGM in advance of the
meeting are set out below:

                         Chair of the meeting      Chair of the meeting      Chair's discretion      Abstain

for
against
                         Cards        Votes        Cards        Votes        Cards       Votes       Cards  Votes
 Ordinary Resolution 1   33           48,440,212   2            451,540      1           50,000      0      0
 Ordinary Resolution 2   33           48,891,752   0            0            1           50,000      0      0
 Ordinary Resolution 3   30           46,582,778   0            0            1           50,000      4      2,308,974
 Ordinary Resolution 4   28           44,383,383   2            2,199,395    1           50,000      4      2,308,974
 Ordinary Resolution 5   30           46,582,778   4            2,308,974    1           50,000      0      0
 Ordinary Resolution 6   32           48,589,170   1            302,582      1           50,000      0      0
 Ordinary Resolution 7   33           48,891,752   0            0            1           50,000      0      0
 Ordinary Resolution 8   32           48,891,652   1            100          1           50,000      0      0
 Ordinary Resolution 9   33           48,891,752   0            0            1           50,000      0      0
 Ordinary Resolution 10  32           48,890,354   2            1,398        1           50,000      0      0
 Ordinary Resolution 11  33           48,891,752   0            0            1           50,000      0      0
 Ordinary Resolution 12  30           46,692,257   2            302,682      1           50,000      1      1,896,813
 Special Resolution 13   32           48,574,625   3            7,556        1           50,000      2      309,571
 Special Resolution 14   31           48,559,378   4            22,803       1           50,000      2      309,571

 

Result of General Meeting

The Group is also pleased to announce that, at the General Meeting also held
today, the two resolutions relating to the Proposed Share Buyback and Rule 9
Waiver were passed.

                         Chair of the meeting      Chair of the meeting      Chair's discretion      Abstain

for
against
                         Cards        Votes        Cards        Votes        Cards       Votes       Cards  Votes
 Special Resolution 1    32           44,097,367   2            3,321        1           50,000      3      1,838,286

 Repurchase Resolution
 Ordinary Resolution 2   21           24,495,075   8            3,172,189    1           50,000      3      396,138

 Waiver Resolution

 

Total shares in issue as at 16 April 2024: 66,539,060

 

 

 Nexteq plc                                     Tel: +44 (0)1223 892 696

 Jon Jayal, Chief Executive Officer

 Johan Olivier, Chief Financial Officer

 Nominated Adviser and Broker:                  Tel: +44 (0) 20 7220 0500

 Cavendish Capital Markets Ltd

 Matt Goode / Simon Hicks (Corporate Finance)

 Tim Redfern / Harriet Ward (ECM)

 Joint Broker:                                  Tel: +44 (0) 20 7523 8000

 Canaccord Genuity Limited

 Simon Bridges / Andrew Potts

 Financial PR:                                  Tel: +44 (0)20 3405 0205

 Alma Strategic Communications

 Hilary Buchanan / Kieran Breheny

 

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in
selected industrial markets. Its innovative technology enables the
manufacturers of global electronic equipment to outsource the design,
development and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers can focus
their product development effort on the most critical drivers of their
business' success.

Our solutions are delivered through a global sales team and leverage the
Group's electronic hardware, software, display and mechanical engineering
expertise. Our Taiwan operation is at the heart of Asian supply networks and
facilitates cost effective manufacturing and strategic supply chain
management.

The Group operates in seven countries and services over 500 customers across
50 countries.

Nexteq operates two distinct brands: Quixant, a specialised computer platforms
provider, and Densitron, leaders in human machine interface technology, each
with dedicated sales, account management and product innovation teams. Founded
in 2005, and later floating on the London Stock Exchange's AIM stock market as
Quixant plc, the Group rebranded to Nexteq in 2023.

Further information on Nexteq and its divisions can be found at
www.nexteqplc.com (http://www.nexteqplc.com/) .

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