Result of AGM

RNS Number : 9755G
Volex PLC
29 July 2021
 

29 July 2021

 

Volex plc

("Volex" or the "Company")

 

Voting Results for the Company's 2021 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 on a poll. Votes were cast as follows:

 

Resolution

Percentage in Favour*

Votes

For

Votes Against

Votes Withheld*

Total votes cast

Percentage of issued share capital voted

1. To receive the audited accounts of the Company for the financial year ended 4 April 2021

 

 

99.99%

97,714,691 

744

78,277

97,793,712

61.61%

2. To approve the Remuneration Committee Report

 

 

81.33%

73,729,782

16,924,869 

7,139,061

97,793,712

61.61%

3. To declare a final dividend of 2.2 pence per Ordinary Share for the financial year ended 4 April 2021

 

 

99.99%

97,793,007

705

0

97,793,712

61.61%

4. To elect Jon Boaden as a Director of the Company

 

 

99.99%

97,785,901

2,744

5,067

97,793,712

61.61%

5. To elect Amelia Murillo as a Director of the Company

 

99.80%

97,595,575

194,005

4,132

97,793,712

61.61%

6. To elect Sir Peter Westmacott as a Director of the Company

 

99.65%

97,448,159

340,486

5,067

97,793,712

61.61%

7. To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

 

 

98.30%

96,126,321

1,662,559

4,832

97,793,712

61.61%

8. To authorise the Directors to determine the remuneration of the auditors

98.31%

96,136,021

1,652,624

5,067

97,793,712

61.61%

9. To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 (the "2006 Act")

 

 

99.53%

97,331,449

460,567

1,696

97,793,712

61.61%

10. To authorise the Directors to allot equity securities under the authority conferred by Resolution 9 as if section 561 of the 2006 Act did not apply

 

 

95.48%

93,374,868

4,417,148

1,696

97,793,712

61.61%

11. To further authorise the Directors, in addition to any authority granted under Resolution 10 and only in connection with an acquisition or specified capital investment, to allot equity securities as if section 561 of the 2006 Act did not apply

 

 

95.48%

93,425,093

4,418,148

1,696

97,844,937

61.64%

12. To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act

 

 

99.97%

97,557,162

28,042

259,733

97,844,937

61.64%

 

 

*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 9 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 10 to 12 were special resolutions, requiring at least 75% support to pass.

 

The total number of Volex shares in issue on Tuesday 26 July 2021 was 158,718,709.

 

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 "Shareholder Information" page in the Investor Relations section.

 

 

For further information please contact :

 

Volex plc

+44 (0)7971 156 431

Nat Rothschild, Executive Chairman


Jon Boaden, Chief Financial Officer


Christian Bedford, Group General Counsel and Company Secretary


 

Singer Capital Markets - Nominated Adviser & Joint Broker

+44 (0)20 7496 3000

Shaun Dobson


Iqra Amin


James Fischer


 

HSBC Bank plc - Joint Broker

+44 (0)20 7991 8888

Simon Alexander


Joe Weaving


 

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