RNS Number : 8726Y
Volex PLC
01 August 2024
 

1 August 2024

Volex plc

("Volex" or "the Company")

Results of Annual General Meeting

 

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.

 

The total number of votes received on each resolution put to the AGM is as follows:

 


Resolution

% in Favour

Votes For

Votes Against

Total  Votes Cast

% of issued share capital voted

Votes Withheld*

1.    

To receive the audited accounts of the Company for the financial year ended 31 March 2024

99.99%

92,770,635

3,567

 92,774,202

 51.08%

11,209,194

2.    

To approve the Remuneration Committee Report

97.64%

101,512,601

2,455,444

 103,968,045

 57.25%

15,351

3.    

To declare a final dividend of 2.8 pence per ordinary share for the financial year ended 31 March 2024

99.99%

103,979,545

78

 103,979,623

 57.25%

3,773

4.    

To elect John Wilson as a Director

99.69%

103,658,732

318,306

 103,977,038

 57.25%

6,358

5.    

To re-elect Jon Boaden as a Director

99.69%

103,650,976

326,062

 103,977,038

 57.25%

6,358

6.    

To re-elect Amelia Murillo as a Director

99.75%

103,717,556

258,040

 103,975,596

 57.25%

7,800

7.    

To re-elect Sir Peter Westmacott as a Director

96.79%

100,636,425

3,338,236

 103,974,661

 57.25%

8,735

8.    

To re-appoint PricewaterhouseCoopers LLP as auditors of the Company

98.99%

102,922,096

1,047,996

 103,970,092

 57.25%

13,304

9.    

To authorise the Directors to determine the remuneration of the auditors

99.45%

103,394,990

576,017

 103,971,007

 57.25%

12,389

10.

To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 ("2006 Act")

99.60%

103,562,525

413,551

 103,976,076

 57.25%

7,320

11.

To authorise the disapplication of statutory pre-emption rights under section 570 of the 2006 Act

98.61%

102,530,071

1,446,205

 103,976,276

 57.25%

7,120

12.

To authorise the further disapplication of statutory pre-emption rights under section 570 of the 2006 Act in connection with an acquisition or specified capital investment

97.48%

101,352,269

2,624,007

 103,976,276

 57.25%

7,120

13.

To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act

99.97%

103,684,365

29,934

 103,714,299

 57.11%

269,097

 

Notes

 

*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 10 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 11 to 13 were special resolutions, requiring at least 75% support to pass.

  

The total number of Volex shares in issue at 6.00 p.m. on 30 July 2024, being those eligible to be voted on at the AGM, was 181,617,533.

 

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                                                        investor.relations@volex.com

Jon Boaden, Chief Financial Officer

Chris Bedford, Group General Counsel and Company Secretary

 

Peel Hunt LLP - Nominated Adviser & Joint Broker                                         +44 20 7418 8900

Ed Allsopp

Dom Convey

Ben Harrington

 

HSBC Bank plc - Joint Broker                                                                                      +44 20 7991 8888

Simon Alexander
Joe Weaving

Stephanie Cornish

 

Sodali & Co - Media Enquiries                                                                                  +44 20 7250 1446

James White
Nicholas Johnson

 

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