Result of General Meeting

RNS Number : 9194V

discoverIE Group plc

26 July 2018

 

26 July 2018

discoverIE Group plc

Poll Results of 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 General Meeting held earlier today, the resolution as set out in the Notice of the Meeting were passed on a poll.  The following table shows the votes cast on the resolution:

	Special Resolution	For	Against	Chairman's Discretion	Withheld
1	a)    To authorise the appropriations of distributable profits of the Company (as shown in the interim accounts of the Company) to the payment of the Relevant Dividends having a total value of £7,724,202.76. b)    To authorise the appropriation of distributable reserves in relation to the EBT payments by way of a loan totalling less than £100,000 c)     To waive and release any and all claims which the Company has or may have against each of its shareholders who appeared on the register of shareholders on the relevant record date for each Relevant Dividend arising out of or in connection with the payment of the Relevant Dividend. d)    To waive and release any and all claims which the Company has or may have against each of its Related Party Directors arising out of or in connection with the approval, declaration or payment of the Relevant Dividends.	52,319,357	0	8,772	12,986

As at today's date discoverIE Group plc has 73,335,194 ordinary shares in issue.

A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.

Joanna Harkus Madge

Group Company Secretary

For further information please contact:

discoverIE Group plc

Joanna Harkus Madge        - Group Company Secretary                                                                              01483 544500

Instinctif Partners                                                                                                                                                                               

Mark Garraway                                                                                                                                                   0207 457 2020

Helen Tarbet

James Gray

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc (previously Acal 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. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.

By focusing on key markets which are 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.4,000 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 a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share have more than doubled.

 

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