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discoverIE Group plc - Result of AGM

RNS Number : 6013W
discoverIE Group plc
19 August 2020
 

 

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.

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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