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30 Jul 2020 16:26
30 July 2020
Volex plc
("Volex" or the "Company")
Voting Results for the Company's 2020 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. Votes were cast as follows:
Resolution | Percentage in Favour* | Votes For | Votes Against | Votes Withheld* |
1. To receive the audited accounts of the Company for the financial year ended 5 April 2020
| 99.99% | 106,392,759 | 10,138 | 61 |
2. To approve the Directors' Remuneration Report
| 98.95% | 105,277,900 | 1,116,348 | 8,710 |
3. To declare a final dividend of 2 pence per Ordinary Share for the financial year ended 5 April 2020
| 99.99% | 106,392,759 | 10,138 | 61 |
4. To re-elect Dean Moore as a Director of the Company
| 98.56% | 104,871,263 | 1,527,084 | 4,611 |
5. To reappoint PricewaterhouseCoopers LLP as auditors of the Company and to authorise the Directors to determine their remuneration
| 99.92% | 106,314,224 | 82,174 | 6,560 |
6. To authorise the Company to make political donations above the Companies Act limit
| 70.86% | 57,393,454 | 23,606,974 | 25,402,530 |
7. To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006
| 99.07% | 105,345,773 | 989,625 | 67,560 |
8. To allow the Directors to allot equity securities under the authority conferred by Resolution 7 as if section 561 of the 2006 Act did not apply
| 99.96% | 106,304,224 | 34,174 | 61,560 |
9. To allow the Directors, in addition to any authority granted under Resolution 8, to allot equity securities as if section 561 of the 2006 Act did not apply
| 99.96% | 106,307,524 | 33,874 | 58,560 |
10. To authorise the Company to make purchases of its own shares, further to section 701 of the 2006 Act
| 99.97% | 106,324,759 | 17,138 | 58,061 |
*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 7 were ordinary resolutions, requiring a simple 50% majority of votes cast to pass, while resolutions 8 to 10 were special resolutions, requiring 75% support to pass.
The total number of Volex shares in issue on Tuesday 28 July 2020 was 152,250,802.
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 "Information for Shareholders" page in the Investor Relations section.
For further information please contact:
Volex plc | +44 7909 995 887 |
Nat Rothschild, Executive Chairman | |
Daren Morris, Chief Financial Officer and Company Secretary |
N+1 Singer - Nominated Adviser & Joint Broker | +44 20 7496 3000 |
Shaun Dobson | |
Iqra Amin |
Panmure Gordon - Joint Broker | +44 20 7886 2500 |
Hugh Rich | |
Nick Lovering |
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