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7 Aug 2025 16:35
7 August 2025
Volex plc
("Volex" or the "Company")
Results of Annual General Meeting
Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission 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 30 March 2025 | 99.99% | 108,901,911 | 8,779 | 108,910,690 | 59.02%
| 12,825 |
2. | To approve the Remuneration Committee Report | 97.79% | 106,498,093 | 2,408,459 | 108,906,552 | 59.02% | 16,963 |
3. | To approve the Directors' Remuneration Policy | 94.18% | 102,568,239 | 6,334,869 | 108,903,108 | 59.02% | 20,407
|
4. ] | To declare a final dividend of 3.0 pence per ordinary share for the financial year ended 30 March 2025 | 100.00% | 108,920,856
| 79 | 108,920,935 | 59.03% | 2,580 |
5. | To re-elect Lord Rothschild as a Director | 97.79% | 101,478,310 | 2,290,043 | 103,768,353 | 56.23% | 5,155,162 |
6. | To re-elect Jon Boaden as a Director | 99.99% | 108,907,962 | 10,779 | 108,918,741 | 59.02% | 4,774 |
7. | To re-elect Sir Peter Westmacott as a Director | 95.12% | 103,514,502 | 5,310,246 | 108,824,748 | 58.97% | 98,767 |
8. | To re-elect Amelia Murillo as a Director | 99.98% | 108,074,587 | 19,198 | 108,093,785 | 58.58% | 829,730 |
9. | To re-elect Jeffrey Jackson as a Director | 98.89% | 107,681,970 | 1,211,820 | 108,893,790 | 59.01% | 29,725 |
10. | To re-elect John Wilson as a Director | 84.52% | 91,350,419 | 16,734,912 | 108,085,331 | 58.57% | 838,184 |
11. | To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 98.98% | 107,797,121 | 1,109,252 | 108,906,373 | 59.02% | 17,142 |
12. | To authorise the Directors to determine the remuneration of the auditors | 99.99% | 108,898,758 | 14,561 | 108,913,319 | 59.02% | 10,196 |
13. | To authorise the Directors to operate the scrip dividend scheme | 99.99% | 108,911,814 | 6,906 | 108,918,720 | 59.02% | 4,795 |
14. | To authorise the Directors to capitalise reserves for the scrip dividend scheme | 99.98% | 108,902,930 | 16,597 | 108,919,527 | 59.03% | 3,988 |
15. | To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 ("2006 Act") | 99.59% | 108,474,925 | 444,587 | 108,919,512 | 59.03% | 4,003 |
16. | To authorise the disapplication of statutory pre-emption rights under section 570 of the 2006 Act | 98.29% | 107,057,096 | 1,862,381 | 108,919,477 | 59.03% | 4,038
|
17. | 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 | 95.02% | 103,499,638 | 5,419,939 | 108,919,577 | 59.03% | 3,938 |
18. | To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act | 99.94% | 99,668,522 | 56,626 | 99,725,148 | 54.04% | 9,198,367 |
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 15 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 16 to 18 were special resolutions, requiring at least 75% support to pass.
The total number of Volex shares in issue at 6.00 p.m. on 5 August 2025, being those eligible to be voted on at the AGM, was 184,529,938.
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/investors/.
For further information please contact:
Volex plc Lord Rothschild, Executive Chairman Jon Boaden, Chief Financial Officer Chris Bedford, Group General Counsel and Company Secretary
| +44 (0) 1256 442570 investor.relations@volex.com
|
Peel Hunt LLP - Nominated Adviser & Joint Broker Ed AllsoppDom ConveyTom Graham
| +44 (0)20 7418 8900 |
Jefferies - Joint Broker Philip NobletSam BarnettHarry Le May | +44 (0)207 029 8000
|
Sodali & Co - Media Enquiries James White Nicholas Johnson | +44 (0)20 7250 1446
|
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