Last checked at 2 Sep 2019 15:33
2nd September 2019
Synnovia plc
("Synnovia" or the "Company")
Result of Annual General Meeting
Synnovia plc (AIM: SYN) the specialist manufacturer, held its Annual General Meeting earlier today at which all resolutions were duly passed.
A summary of the votes lodged by proxy at the AGM is set out below:
Resolution | In Favour | Against | Number ofvotes withheld | Totalvotes cast | |||
Number ofvotes | % | Number ofvotes | % | ||||
1 | To receive the audited annual accounts and reports of the Company for the year ended31 March 2019. | 8,002,103 | 93.98 | 512,574 | 6.02 | 0 | 8,514,677 |
2 | To approve the directors' remuneration report for the year ended 31 March 2019. | 8,503,898 | 99.87 | 10,779 | 0.13 | 0 | 8,514,677 |
3 | To reappoint Nicholas Ballas a director of the Company. | 8,361,951 | 100.00 | 0 | 0.00 | 152,726 | 8,514,677 |
4 | To reappoint Andrew Walker as a director of the Company. | 7,849,377 | 93.87 | 512,574 | 6.13 | 152,726 | 8,514,677 |
5 | To reappoint KPMG LLP as auditors of the Company from the conclusion of the Annual General Meeting, to hold office until the conclusion of the next annual general meeting of the Company. | 8,514,677 | 100.00 | 0 | 0.00 | 0 | 8,514,677 |
6 | To authorise the directors todetermine the remuneration of the auditors of the Company. | 8,514,677 | 100.00 | 0 | 0.00 | 0 | 8,514,677 |
7 | That the Directors be authorised to allot security in accordance with section 551 of the Companies Act 2006. | 8,508,898 | 99.93 | 5,779 | 0.07 | 0 | 8,514,677 |
8* | That the Directors be authorised to allot securities otherwise than on a pre-emptive basis. | 8,356,951 | 98.15 | 157,726 | 1.85 | 0 | 8,514,677 |
9* | That the Directors be authorised to allot securities otherwise than on a pre-emptive basis used only for the purposes of financing a transaction which the directors determine to be an acquisition or other capital investment. | 8,503,898 | 99.87 | 10,779 | 0.13 | 0 | 8,514,677 |
* Special Resolution
Notes
·; A vote withheld is not a vote in law and does not count in the total of votes cast.
·; Any proxy appointments which gave discretion to the chairman of the meeting have been included in the "for" total.
·; The issued share capital of the Company eligible to vote on resolutions was 38,995,151 Ordinary Shares of 1p each.
For further information, please contact:
Synnovia plc | Tel: 020 7978 0574 |
Faisal Rahmatallah, Chairman | |
Nick Ball, Finance Director | |
Cenkos Securities | Tel: 020 7397 8900 |
(Nomad and joint broker) | |
Mark Connelly | |
Callum Davidson | |
Allenby Capital Limited | Tel: 020 3328 5656 |
(Joint broker) | |
David Hart | |
Notes to Editors
Synnovia is a specialist manufacturer of industrial components and consumables. Applications for these products vary widely and examples include:
·; Packaging for the food manufacturing and distribution - films, sacks and pouches
·; Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
·; Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
·; Cardboard box manufacture - plastic creasing matrices
Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia. Approximately 50% of its £83 million sales are made outside the UK to more than 80 countries.
Further information can be found on www.synnovia.com