21 May 2020 12:52
21 May 2020
IndigoVision Group plc
Result of resolutions passed at Annual General Meeting
IndigoVision Group plc (the "Company") announces the results of voting on the resolutions at its annual general meeting ("AGM") held on 21 May 2020.
As at the date of the AGM, there was a legal prohibition in Scotland on public gatherings of more than two people subject to two limited exceptions:
· where the gathering is of a group of people who live together; or
· where the gathering is essential for work purposes, or to fulfil legal obligations (the "Public Gathering Restrictions").
In light of the Public Gathering Restrictions, and consistent with the March 2020 guidance on general meetings issued by The Chartered Governance Institute and reviewed the UK Department for Business, Energy and Industrial Strategy, the Board determined that attendance at the AGM would not have been considered "essential for work purposes" or required to fulfil legal obligations. Therefore, attendance at the AGM was limited to two members of the Board who were also shareholders of the Company being present in person to constitute a quorum, and all voting was undertaken by way of poll. Resolutions 1 to 6 (inclusive) were passed as ordinary resolutions and resolutions 7 and 8 were passed as special resolutions.
Details of the proxy votes received by the Company before the AGM in respect of each resolution are set out below and will also be available for inspection shortly at the Company's website at www.indigovision.com.
Proxies received in respect of AGM resolutions
RESOLUTIONS | FOR | AGAINST | DISCRETIONARY | VOTE WITHHELD |
1. To receive the audited financial statements of the Company for the year ended 31 December 2019. | 3,810,622 | - | 5,309 | - |
2. To re-elect George Elliott as a director of the Company. | 3,798,817 | 11,705 | 5,359 | 50 |
3. To re-elect Max Thowless-Reeves as a director of the Company. | 3,798,817 | 11,705 | 5,359 | 50 |
4. To reappoint RSM UK Audit LLP as auditor of the Company. | 3,810,511 | 106 | 5,309 | 5 |
5. To authorise the directors to determine the remuneration of the auditor | 3,810,667 | - | 5,259 | 5 |
6. To authorise the directors to allot shares. | 3,776,019 | 18,677 | 5,259 | 15,976 |
7. To dis-apply pre-emption rights in respect of certain allotments of equity securities. | 3,771,930 | 17,072 | 8,409 | 18,250 |
8. To authorise the market purchase of own shares by the Company. | 3,778,579 | 13,122 | 8,259 | 15,971 |
Notes to the disclosure
1. Where shareholders have appointed the Chairman of the meeting as their proxy with discretion as to voting, those votes have been included in the "for" column above.
2. Where shareholders have appointed a third party as their proxy with discretion as to voting, those votes have been included in the "discretionary" column above.
3. It should be noted that the appointment of a proxy is not an unequivocally precise indicator of the way that the shareholder would have voted on a poll, it merely reflects their intention at the time the instruction was given. Voting instructions can be changed at any time prior to a poll being completed, and a shareholder having lodged a proxy appointment, is still entitled to attend the meeting and, having heard / participated in the debate, vote their shares as they see fit.
For further information please contact:
IndigoVision Group plc Chris Lea (CFO) +44 131 475 7200
N+1 Singer, Nominated Adviser Mark Taylor/Ben Farrow +44 207 496 3000
Notes to Editors
About IndigoVision
IndigoVision is a leader in the design and supply of high performance, highly-intelligent video security systems for security installations of differing sizes and complexity. From video capture and transmission to analysis and storage, IndigoVision's networked video security systems provide the best quality and most secure video evidence, using market leading compression technology to minimise bandwidth and reduce storage costs.
IndigoVision's technology is ideally suited for use in mission critical facilities such as government, oil and gas, transport, cities, industry, education, police, prisons and casinos to improve public safety, protect assets, develop organisations' operational efficiency and support law enforcement.
IndigoVision has sales and support teams in 24 countries and operates through 18 regional centres, in Edinburgh, London, Paris, Amsterdam, Dusseldorf, Johannesburg, Dubai, Mumbai, Singapore, Macau, Shanghai, Sydney, Mexico City, Toronto, Bogotá, New Jersey, Buenos Aires and Sao Paulo.
IndigoVision partners with a network of some 1,000 trained and authorised IndigoVision resellers to provide local system design, installation and servicing to IndigoVision's system users.