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 |
|