Result of AGM

Midwich Group PLC
09 May 2023
 

9 May 2022

 

Midwich Group plc

("Midwich" or the "Group")

 

Result of AGM

 

Midwich Group (AIM: MIDW), a global specialist audio visual ("AV") distributor to the trade marketannounces that at the Annual General Meeting held earlier today, all resolutions were duly passed.

 

Details of the proxy votes received on each resolution by Midwich's Registrar are set out below:

 

Resolution

In Favour

Against

Withheld

Total votes cast

% ISC voted

Number of

votes

%

Number of votes

%

Number of votes



1.

Ordinary resolution to receive and adopt the Company's annual accounts for the financial year ended 31 December 2022

79,849,320

100.00%

160

0.00%

0

79,849,480

87.56%

2.

Ordinary resolution to re-elect Stephen Fenby as a director of the Company.

79,124,451

99.09%

725,029

0.91%

0

79,849,480

87.56%

3.

Ordinary resolution to re-elect Andrew Herbert as a director of the Company.

77,956,260

97.63%

1,893,220

2.37%

0

79,849,480

87.56%

4.

Ordinary resolution to re-elect Mike Ashley as a director of the Company.

78,738,975

98.61%

1,110,505

1.39%

0

79,849,480

87.56%

5.

Ordinary resolution to re-elect Stephen Lamb as a director of the Company.

79,124,451

99.09%

725,029

0.91%

0

79,849,480

87.56%

6.

Ordinary resolution to re-elect Hilary Wright as a director of the Company.

79,849,320

100.00%

160

0.00%

0

79,849,480

87.56%

7.

Ordinary resolution to re-appoint Grant Thornton UK LLP as the Company's auditors.

78,850,009

98.75%

999,471

1.25%

0

79,849,480

87.56%

8.

Ordinary resolution to declare a final dividend for the financial year ended 31 December 2022 of 10.5p per ordinary share.

79,849,320

100.00%

160

0.00%

0

79,849,480

87.56%

9.

Ordinary resolution to approve the Directors' Remuneration Report (excluding the directors' remuneration policy).

78,284,967

98.04%

1,564,513

1.96%

0

79,849,480

87.56%

10.

Ordinary resolution to authorise the directors to allot shares.

79,124,054

99.09%

725,029

0.91%

397

79,849,083

87.56%

11.

Special resolution to disapply pre-emption rights.

79,124,054

99.09%

725,029

0.91%

397

79,849,083

87.56%

12.

Further special resolution to disapply pre-emption rights in circumstances permitted by the Pre-emption Group guidelines.

77,124,054

96.59%

2,725,029

3.41%

397

79,849,083

87.56%

 

For further information:

 

Midwich Group plc
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director

+44 (0) 1379 649200

Investec Bank plc (NOMAD and Joint Broker to Midwich)

Carlton Nelson / Ben Griffiths

+44 (0) 20 7597 5970

Berenberg (Joint Broker to Midwich)
Ben Wright / Richard Andrews /
Arnav Kapoor

+44 (0) 20 3207 7800

FTI Consulting
Alex Beagley / Tom Hufton /
Rafaella de Freitas

+44 (0) 20 3727 1000

 

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Group's long-standing relationships with over 600 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.

 

The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of over 22,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.

 

Initially a UK only distributor, the Group now has around 1,600 employees across the UK and Ireland, EMEA, Asia Pacific and North America. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

 

For further information, please visit www.midwichgroupplc.com

 

 

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