19 August 2020
discoverIE Group plc
Results of Annual General Meeting
discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were approved. The following levels of proxy votes were received:
|
|
Resolution
|
Votes For |
Votes Against |
Withheld |
||
|
1 |
Receipt and Adoption of Financial Statements |
70,682,791
|
99.99% |
8,463
|
0.01%
|
162,160
|
|
|
|
|
|
|
|
|
|
2 |
Approval of Directors' Remuneration Report |
68,046,592
|
97.16% |
1,991,774
|
2.84%
|
815,048
|
|
|
|
|
|
|
|
|
|
3 |
Re-election of Malcolm Diamond |
66,798,204 |
97.08% |
2,006,601 |
2.92% |
2,048,609 |
|
|
|
|
|
|
|
|
|
4 |
Re-election of Nick Jefferies |
70,490,028 |
99.49% |
358,667 |
0.51% |
4,719 |
|
|
|
|
|
|
|
|
|
5 |
Re-election of Simon Gibbins |
70,835,426 |
99.98% |
13,270 |
0.02% |
4,719 |
|
|
|
|
|
|
|
|
|
6 |
Re-election of Bruce Thompson |
70,753,419 |
99.87% |
95,277 |
0.13% |
4,719 |
|
|
|
|
|
|
|
|
|
7 |
Re-election of Tracey Graham |
70,753,804 |
99.87% |
95,451 |
0.13% |
4,160 |
|
|
|
|
|
|
|
|
|
8 |
Election of Clive Watson |
70,845,695 |
100.00% |
3,001 |
0.00% |
4,719 |
|
|
|
|
|
|
|
|
|
9 |
Re-appointment of Auditor |
70,840,780 |
99.99% |
4,475 |
0.01% |
8,160 |
|
|
|
|
|
|
|
|
|
10 |
Authority to fix Auditor's Remuneration |
70,846,255
|
100.00% |
3,000
|
0.00%
|
4,160
|
|
|
|
|
|
|
|
|
|
11 |
Authority to Allot Shares |
70,714,906 |
99.81% |
132,325 |
0.19% |
6,184 |
|
|
|
|
|
|
|
|
|
12 |
Additional Authority to Allot Shares (rights issue) |
70,716,163
|
99.81% |
131,627
|
0.19%
|
5,625
|
|
|
|
|
|
|
|
|
|
13 |
Authority to Disapply Statutory Pre-Emption Rights |
70,836,174
|
99.99% |
7,003
|
0.01%
|
10,238
|
|
|
|
|
|
|
|
|
|
14 |
Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment) |
70,675,319
|
99.76% |
172,416
|
0.24%
|
5,679
|
|
|
|
|
|
|
|
|
|
15 |
Additional Authority to Allot Shares |
65,375,813 |
92.28% |
5,471,922 |
7.72% |
5,679 |
|
|
|
|
|
|
|
|
|
16 |
Authority to Purchase Company's Own Shares |
70,677,107
|
99.76% |
170,682
|
0.24%
|
5,625
|
|
|
|
|
|
|
|
|
|
17 |
To authorise scrip dividends |
70,847,616 |
100.00% |
174 |
0.00% |
5,625 |
|
|
|
|
|
|
|
|
|
18 |
Notice of General Meetings |
69,613,278 |
98.26% |
1,234,953 |
1.74% |
5,184 |
|
|
|
|
|
|
|
|
|
19 |
To authorise political donations |
68,184,230 |
96.46% |
2,504,450 |
3.54% |
164,734 |
|
|
|
|
|
|
|
|
|
20 |
To approve the 2020 Company Share Option Plan |
70,832,223
|
99.98% |
12,612
|
0.02%
|
8,579
|
As at today's date discoverIE Group plc has 89,455,715 ordinary shares in issue.
A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.
|
For further information, please contact: |
|
|
discoverIE Group plc Greg Davidson Group Company Secretary
|
01483 544 500 |
|
Instinctif Mark Garraway Rosie Driscoll |
020 7457 2020 |
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.
The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships.
With a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.
The Group employs c.4,400 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.
The Group is listed on the Main Market of the London Stock Exchange and is in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over £450m. Over the last five years, underlying earnings per share has almost doubled.
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