leadf
logo-loader
RNS
viewVolex PLC

Volex PLC - Result of AGM

RNS Number : 6655U
Volex PLC
30 July 2020
 

30 July 2020

 

Volex plc

("Volex" or the "Company")

 

Voting Results for the Company's 2020 Annual General Meeting ("AGM")

 

Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, is pleased to announce the results of its AGM, held earlier today, at which all resolutions were duly passed. Votes were cast as follows:

 

Resolution

Percentage in Favour*

Votes

For

Votes Against

Votes Withheld*

1. To receive the audited accounts of the Company for the financial year ended 5 April 2020

 

 

99.99%

106,392,759

10,138

61

2. To approve the Directors' Remuneration Report

 

 

98.95%

105,277,900

1,116,348

8,710

3. To declare a final dividend of 2 pence per Ordinary Share for the financial year ended 5 April 2020

 

 

99.99%

106,392,759

10,138

61

4. To re-elect Dean Moore as a Director of the Company

 

 

98.56%

104,871,263

1,527,084

4,611

5. To reappoint PricewaterhouseCoopers LLP as auditors of the Company and to authorise the Directors to determine their remuneration

 

 

99.92%

106,314,224

82,174

6,560

6. To authorise the Company to make political donations above the Companies Act limit

 

 

70.86%

57,393,454

23,606,974

25,402,530

7. To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006

 

 

99.07%

105,345,773

989,625

67,560

8. To allow the Directors to allot equity securities under the authority conferred by Resolution 7 as if section 561 of the 2006 Act did not apply

 

 

99.96%

106,304,224

34,174

61,560

9. To allow the Directors, in addition to any authority granted under Resolution 8, to allot equity securities as if section 561 of the 2006 Act did not apply

 

 

99.96%

106,307,524

33,874

58,560

10. To authorise the Company to make purchases of its own shares, further to section 701 of the 2006 Act

 

 

99.97%

106,324,759

17,138

58,061

 

 

*A vote withheld is not treated as a vote in law and is not counted in the calculation of the proportion of the votes cast for or against a resolution.

 

Resolutions 1 to 7 were ordinary resolutions, requiring a simple 50% majority of votes cast to pass, while resolutions 8 to 10 were special resolutions, requiring 75% support to pass.

  

The total number of Volex shares in issue on Tuesday 28 July 2020 was 152,250,802.

 

The full text of each of the resolutions is set out in the Notice of AGM, which is available on the Volex website (www.volex.com) on the "Information for Shareholders" page in the Investor Relations section.

 

 

For further information please contact:

 

Volex plc

+44 7909 995 887

Nat Rothschild, Executive Chairman


Daren Morris, Chief Financial Officer and Company Secretary


 

N+1 Singer - Nominated Adviser & Joint Broker

+44 20 7496 3000

Shaun Dobson


Iqra Amin


 

Panmure Gordon - Joint Broker

+44 20 7886 2500

Hugh Rich


Nick Lovering


 


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.
 
END
 
 
RAGKKKBBPBKDQON

Quick facts: Volex PLC

Price: 243.95

Market: AIM
Market Cap: £371.42 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read