Company Announcements

Results of Annual General Meeting

Source: RNS
RNS Number : 0651Y
discoverIE Group plc
26 July 2024
 

 

26 July 2024

 

discoverIE Group plc

 

Results of Annual General Meeting

 

discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Group"), a leading international designer and manufacturer of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were approved. The following levels of proxy votes were received:

 

 

 

Resolution

Votes For

Votes Against

Withheld

1

Receipt and Adoption of

Financial Statements

77,993,103

100.00%

893

0.00%

292,741

2

Approval of Final Dividend

78,286,737

100.00%

0

0.00%

0

3

Approval of Directors'

Remuneration Report

77,383,278

98.85%

900,574

1.15%

2,885

4

Approval of Directors' Remuneration Policy

75,169,860

96.03%

3,111,165

3.97%

5,712

5

Re-election of Bruce Thompson

75,490,087

96.43%

2,792,196

3.57%

4,454

6

Re-election of Nick Jefferies

73,421,554

93.79%

4,860,144

6.21%

5,039

7

Re-election of Simon Gibbins

77,125,363

98.52%

1,156,920

1.48%

4,454

8

Re-election of Tracey Graham

75,660,332

96.65%

2,621,951

3.35%

4,454

9

Re-election of Clive Watson

68,950,286

88.08%

9,331,997

11.92%

4,454

10

Re-election of Rosalind Kainyah

75,632,814

96.91%

2,410,884

3.09%

243,039

11

Re-election of Celia Baxter

75,873,817

96.92%

2,408,466

3.08%

4,454

12

Appointment of Auditor

78,040,013

99.69%

242,479

0.31%

4,245

13

Authority to fix Auditor's Remuneration

78,279,885

100.00%

3,117

0.00%

3,735

14

Authority to Allot Shares

67,646,857

86.41%

10,639,880

13.59%

0

15

Additional Authority to Allot Shares

67,647,616

86.41%

10,639,121

13.59%

0

16

Authority to Disapply Statutory

Pre-Emption Rights

75,675,717

96.66%

2,611,020

3.34%

0

17

Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment)

70,432,085

91.18%

6,810,262

8.82%

1,044,390

18

Additional Authority to Allot Shares

71,283,056

91.05%

7,003,096

8.95%

585

19

Authority to Purchase Company's Own Shares

77,615,933

99.61%

307,009

0.39%

363,795

20

Notice of General Meetings

73,386,415

93.74%

4,900,322

6.26%

0

21

To authorise political donations

76,877,742

98.65%

1,049,809

1.35%

359,186

22

Approval of a change to the 2021 LTIP Scheme

77,830,160

99.42%

455,379

0.58%

1,198

23

Approval of the 2024 Deferred Share Bonus Plan

75,829,058

96.86%

2,456,977

3.14%

702

 

As at today's date, discoverIE Group plc has 96,356,109 ordinary shares in issue.

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

 

For further information, please contact:

 

discoverIE Group plc

Greg Davidson - Company Secretary     01483 544 500

 

Buchanan

Chris Lane, Toto Berger, Jack Devoy     020 7466 5000

discoverIE@buchanan.uk.com

 

 

Notes to Editors:

 

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications.

 

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.

 

With a focus on sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group is committed to reducing the impact of its operations on the environment with an SBTi-aligned plan to reach net zero. With its key markets aligned with a sustainable future, the Group has been awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top Rated by Sustainalytics. 

 

The Group employs c.4,500 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

 

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.

.

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