Result of AGM

Volex PLC

25 August 2026

 

LEI 213800HBLQNH5FXXGE63

25 August 2026

VOLEX PLC (the "Company")

RESULTS OF ANNUAL GENERAL MEETING

The Annual General Meeting of the Company was held at the offices of GTK (UK) Ltd., Unit C2 Antura, Bond Close, Basingstoke, Hampshire, RG24 8PZ earlier today.

All resolutions were duly passed on a poll and the results of each resolution were as follows:

Resolution	For	Against	Votes withheld	Total votes cast	Percentage of issued share capital voted (%)
1.         To receive the Company's accounts and the Directors' and Auditor's Reports for the year ended 31 March 2026	106,670,334 (99.99%)	1,424 (0.01%)	50,921	106,671,758	58.47%
2.         To approve the Directors' remuneration policy (on an advisory basis)	75,778,990 (71.36%)	30,418,755 (28.64%)	524,934	106,197,745	58.21%
3.         To approve the Directors' remuneration report (on an advisory basis)	91,715,355 (87.50%)	13,096,491 (12.50%)	1,910,833	104,811,846	57.45%
4.         To declare a final dividend of 3.2p per ordinary share	106,713,710 (99.99%)	2,148 (0.01%)	6,821	106,715,858	58.49%
5.         To elect Dave Webster as a Director	106,089,231 (99.42%)	617,447 (0.58%)	16,001	106,706,678	58.49%
6.         To re-elect Lord Rothschild as a Director	102,501,912 (96.06%)	4,208,476 (3.94%)	12,291	106,710,388	58.49%
7.         To re-elect Jon Boaden as a Director	105,796,611 (99.15%)	905,463 (0.85%)	20,605	106,702,074	58.49%
8.         To re-elect Sir Peter Westmacott as a Director	97,051,155 (92.34%)	8,052,364 (7.66%)	1,619,160	105,103,519	57.61%
9.         To re-elect Amelia Murillo as a Director	100,927,044 (96.02%)	4,180,237 (3.98%)	1,615,398	105,107,281	57.61%
10.       To re-elect Jeffrey Jackson as a Director	99,533,934 (93.28%)	7,172,743 (6.72%)	16,002	106,706,677	58.49%
11.       To re-elect John Wilson as a Director	79,223,901 (75.37%)	25,882,625 (24.63%)	1,616,153	105,106,526	57.61%
12.       To re-appoint PricewaterhouseCoopers LLP as auditors to the Company	103,586,693 (97.08%)	3,110,990 (2.92%)	24,996	106,697,683	58.48%
13.       To authorise the Directors to fix the auditors' remuneration	104,388,606 (97.82%)	2,326,407 (2.18%)	7,666	106,715,013	58.49%
14.       To authorise the Directors to allot shares or grant subscription or conversion rights under section 551 Companies Act 2006	105,901,850 (99.24%)	806,391 (0.76%)	14,438	106,708,241	58.49%
15.       To dis-apply statutory pre-emption rights under section 570 of the Companies Act 2006	104,596,669 (98.02%)	2,113,144 (1.98%)	12,866	106,709,813	58.49%
16.       To further disapply statutory pre-emption rights under section 570 of the Companies Act 2006 in connection with an acquisition or specified capital investment	102,364,241 (95.93%)	4,345,496 (4.07%)	12,942	106,709,737	58.49%
17.       To authorise the Company to make market purchases of its own shares	106,637,823 (99.96%)	39,920 (0.04%)	44,936	106,677,743	58.47%
18.       To authorise the calling of a general meeting other than an Annual General Meeting on not less than 14 clear days' notice	105,390,174 (98.76%)	1,325,027 (1.24%)	7,478	106,715,201	58.49%
19.       To adopt the new articles of association of the Company	106,673,151 (99.97%)	31,779 (0.03%)	17,749	106,704,930	58.49%

Notes:

(i)               Votes 'For' include those votes giving the Chair discretion.

(ii)              The number of ordinary shares in issue as at 6.00 p.m. on 21 August 2026 was 182,440,336.  Shareholders are entitled to one vote per share. 

(iii)             A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

Full details of the resolutions are set out in the Notice of Annual General Meeting dated 13 July 2026 (which is available on the Company's website at https://www.volex.com/investors).

Resolutions 1 to 14 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 15 to 19 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.

Whilst all resolutions were passed, the Board notes that more than 20% of the votes cast on resolutions 2 and 11 (the former of which is an advisory vote) were against those resolutions.  The Board recognises the importance of shareholder feedback and will consult with shareholders to understand their views.  In accordance with the UK Corporate Governance Code, the Company will publish an update on shareholder engagement within six months of the AGM.

A copy of all the resolutions passed other than ordinary business at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

For further information please contact:

Volex plc                                                                                                      [phone]

Nat Rothschild, Chief Executive Officer                                                  [e-mail]

Jon Boaden, Chief Financial Officer

Chris Bedford, Group General Counsel & Company Secretary

Peel Hunt LLP - Joint Broker                                                                      [phone]

Ed Allsopp

Dom Convey

Asha Chotai

Tom Graham

Jefferies - Joint Broker                                                                                 [phone]

Philip Noblet
Sam Barnett

Harry Le May

Sodali & Co. - Media Enquiries                                                                 [phone]

James White
Peter Lambie
James Whitaker

 

END