VOTING RESULTS OF 2011 AGM

RNS Number : 0206L

Volex Group PLC

25 July 2011

 



25 July 2011

 

 

Volex Group PLC

 

 

VOTING RESULTS OF 2011 ANNUAL GENERAL MEETING

Volex Group plc (the "Company") announces the results of its Annual General Meeting held today.   Resolutions 1 to 15 were each carried on a poll, as set out below.

	FOR	AGAINST	VOTES WITHHELD
Resolution 1 To receive and consider the Reports of the Directors and the Auditors and Accounts for the year ended 3 April 2011.	41,107,262	0	413
Resolution 2 To approve the Directors' Remuneration Report.	32,982,144	7,396,211	729,320
Resolution 3 To declare a final dividend of 2p per ordinary share.	41,107,675	0	0
Resolution 4 To elect Paul Mountford as a Director	40,980,326	4,062	123,287
Resolution 5 To re-elect Karen Slatford as a Director.	36,970,809	4,135,318	1,548
Resolution 6 To re-elect Chris Geoghegan as a Director.	36,969,446	4,136,681	1,548

	FOR	AGAINST	VOTES WITHHELD
Resolution 7 To re-appoint PricewaterhouseCoopers LLP as the auditors of the Company.	41,100,925	6,300	450
Resolution 8 To authorise the Directors of the Company to determine the auditors' remuneration.	41,103,382	4,018	275
Resolution 9 To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006.	40,303,416	12,540	791,719
Resolution 10 To disapply pre-emption rights and grant authority to the directors to allot relevant securities.	41,092,214	11,957	3,504
Resolution 11 To approve the purchase of ordinary shares pursuant to section 701 of the Companies Act 2006.	41,101,299	6,376	0
Resolution 12 To approve the change of Company name to Volex plc.	41,107,466	209	0
Resolution 13 To adopt the new Articles of Association of the Company.	41,101,496	4,459	1,720
Resolution 14 To permit general meetings (other than the Annual General Meeting) to be called on 14 clear days' notice.	41,041,028	65,639	1,008

	FOR	AGAINST	VOTES WITHHELD
Resolution 15 To cancel the Preference Shares.	41,110,435	2,136	3,229

The resolutions passed by the Company's shareholders included a resolution (15) approving the proposed cancellation and repayment of the 7% cumulative preference shares of £1 each in the capital of the Company (the "Preference Shares") by means of a reduction of capital at par value, together with the accrued dividend up to and including the date on which the Preference Shares are cancelled. The cancellation is expected to take place on 1 September 2011, following confirmation of the reduction of capital by the Court. The Company also intends to apply to the UK Financial Services Authority for the cancellation of the admission of the Preference Shares for the Official list, and to the London Stock Exchange for the cancellation of the Preference Shares to trading on its market for listed securities, both with effect from 8.00 am on 1 September 2011.

In accordance with UK Listing Rule 9.6.2R copies of the resolutions passed at the Annual General Meeting and have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.

A copy of the poll results for the Annual General Meeting is also available on the Company's website at www.volex.com.

The full text of each of the resolutions is set out in the notice of Annual General Meeting, copies of which are available on the Volex website (www.volex.com)

Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

Matt Nydell Company Secretary Volex Group plc

[phone]

 

END

 

 

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