31 July 2014

 

Elektron Technology plc

(AIM: EKT, "Elektron" or "the Company" or the "Group")

 

Result of AGM

 

Elektron Technology plc (AIM: EKT, "Elektron" or the "Group"), the global technology group, announces that resolutions 1 to 7 were passed at its AGM held on 31 July 2014.

 

At the meeting the Chairman proposed an amendment to Resolution 8. Under the amended resolution the aggregate amount of shares authorised to be allotted by the directors was reduced to 10% of the current issued share capital being approximately £930,504 which is approximately 18.6 million ordinary shares and the authority was restricted to expire one year from the date of the resolution. This amended resolution was also passed.

 

From the total votes cast for each resolution, the figures are as follows:

Resolution 1 - Approval of accounts

For 124,568,451 (97.34%)

Against 3,406,788 (2.66%)

 

Resolution 2 - Reappointment of auditors

For 123,143,150 (97.31%)

Against 3,409,437 (2.69%)

 

Resolution 3 - Reappointment of Keith Daley

For 122,597,387 (95.14%)

Against 6,257,085 (4.86%)

 

Resolution 4 - Reappointment of Ric Piper

For 122,681,852 (95.26%)

Against 6,102,355 (4.74%)

 

Resolution 5 - Reappointment of John Wilson

For 122,587,273 (95.14%)

Against 6,267,199 (4.86%)

 

Resolution 6 - Appointment of Tony Harris

For 122,686,477 (95.25%)

Against 6,112,730 (4.75%)

 

Resolution 7 - Appointment of Andy Weatherstone

For 123,121,710 (95.59%)

Against 5,675,085 (4.41%)

 

Resolution for allotment of shares (as amended - see above)

For 122,692,949 (95.44%)

Against 5,863,814 (4.56%)

 

The Elektron Employee Benefit Trust, which is the registered holder of 15,075,650 shares, did not vote.

 

For further information:

 

Elektron Technology  www.elektron-technology.com	+44 (0) 1223 371 000
Martin Reeves - Company Secretary
finnCap (Nominated Adviser, Financial Adviser and Broker)	+44 (0)20 7220 0500
Ed Frisby/Ben Thompson (Corporate Finance)
Malar Velaigam (Corporate Broking)
Instinctif Partners	+44 (0)20 7457 2020
Adrian Duffield/Kay Larsen

 

Notes to Editors

 

Elektron conceives designs and markets innovative engineered products and services for businesses at its technology hub in Cambridge. It has a multi skilled team of engineers and product line specialists focused on the opportunities created by disruptive global trends in the following areas:

 

·      New waves of "aware" business applications: Internet of Things

·      Demand for ubiquitous power and data: Connectivity Solutions

·      Growth in high precision manufacture: Nano-positioning

·      Healthcare for the ageing population: Ophthalmology

·      Connected customer experiences and service delivery: E-Commerce and E-Service

 

In addition it owns a portfolio of well-established products and brands which provide customer access and feedback.

 

Elektron Technology is headquartered in Cambridge and its shares are admitted to trading on the AIM market of the London Stock Exchange.