REG - Synnovia PLC - Result of AGM

Synergia EnergyAnnouncement

02/09/2019 15:35

RNS Number : 9461K
Synnovia PLC
02 September 2019
 


2nd September 2019
 
 
Synnovia plc
("Synnovia" or the "Company")
 
Result of Annual General Meeting
 
Synnovia plc (AIM: SYN) the specialist manufacturer, held its Annual General Meeting earlier today at which all resolutions were duly passed.
 
A summary of the votes lodged by proxy at the AGM is set out below:
 



  Resolution


In Favour


Against


Number of

votes withheld


Total

votes cast




Number of

votes


%


Number of

votes


%




1


To receive the audited annual accounts and reports of the Company for the year ended

31 March 2019.


8,002,103


93.98


512,574


6.02


0


8,514,677




2


To approve the directors' remuneration report for the year ended 31 March 2019.


8,503,898


99.87


10,779


0.13


0


8,514,677




3


To reappoint Nicholas Ball

as a director of the Company.


8,361,951


100.00


0


0.00


152,726


8,514,677




4


To reappoint Andrew Walker as a director of the Company.


7,849,377


93.87


512,574


6.13


152,726


8,514,677




5


To reappoint KPMG LLP as auditors of the Company from the conclusion of the Annual General Meeting, to hold office until the conclusion of the next annual general meeting of the Company.


8,514,677


100.00


0


0.00


0


8,514,677




6


To authorise the directors to

determine the remuneration of the auditors of the Company.


8,514,677


100.00


0


0.00


0


8,514,677




7


That the Directors be authorised to allot security in accordance with section 551 of the Companies Act 2006.


8,508,898


99.93


5,779


0.07


0


8,514,677




8*


That the Directors be authorised to allot securities otherwise than on a pre-emptive basis.


8,356,951


98.15


157,726


1.85


0


8,514,677




9*


That the Directors be authorised to allot securities otherwise than on a pre-emptive basis used only for the purposes of financing a transaction which the directors determine to be an acquisition or other capital investment.


8,503,898


99.87


10,779


0.13


0


8,514,677



 
* Special Resolution
Notes
·    A vote withheld is not a vote in law and does not count in the total of votes cast.
·    Any proxy appointments which gave discretion to the chairman of the meeting have been included in the "for" total.
·    The issued share capital of the Company eligible to vote on resolutions was 38,995,151 Ordinary Shares of 1p each.
 
 
For further information, please contact:
 



Synnovia plc


Tel: 020 7978 0574




Faisal Rahmatallah, Chairman








Nick Ball, Finance Director


















Cenkos Securities


Tel: 020 7397 8900




(Nomad and joint broker)








Mark Connelly








Callum Davidson


















Allenby Capital Limited


Tel: 020 3328 5656




(Joint broker)








David Hart

















 
Notes to Editors
Synnovia is a specialist manufacturer of industrial components and consumables.  Applications for these products vary widely and examples include:
·    Packaging for the food manufacturing and distribution - films, sacks and pouches
·    Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
·    Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
·    Cardboard box manufacture - plastic creasing matrices
 
Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
 
The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia.  Approximately 50% of its £83 million sales are made outside the UK to more than 80 countries.
 
Further information can be found on www.synnovia.com




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