Last checked at 25 Jul 2011 17:00
25 July 2011
Volex Group PLC
VOTING RESULTS OF 2011 ANNUAL GENERAL MEETING
Volex Group plc (the "Company") announces the results of its Annual General Meeting held today. Resolutions 1 to 15 were each carried on a poll, as set out below.
| FOR | AGAINST | VOTES WITHHELD
|
Resolution 1
To receive and consider the Reports of the Directors and the Auditors and Accounts for the year ended 3 April 2011.
|
41,107,262 |
0 |
413 |
Resolution 2
To approve the Directors' Remuneration Report.
|
32,982,144 |
7,396,211 |
729,320 |
Resolution 3
To declare a final dividend of 2p per ordinary share.
|
41,107,675 |
0 |
0 |
Resolution 4
To elect Paul Mountford as a Director
|
40,980,326 |
4,062 |
123,287 |
Resolution 5
To re-elect Karen Slatford as a Director.
|
36,970,809 |
4,135,318 |
1,548 |
Resolution 6
To re-elect Chris Geoghegan as a Director.
|
36,969,446 |
4,136,681 |
1,548 |
| FOR | AGAINST | VOTES WITHHELD
|
Resolution 7
To re-appoint PricewaterhouseCoopers LLP as the auditors of the Company.
|
41,100,925 |
6,300 |
450 |
Resolution 8
To authorise the Directors of the Company to determine the auditors' remuneration.
|
41,103,382 |
4,018 |
275 |
Resolution 9
To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006.
|
40,303,416 |
12,540 |
791,719 |
Resolution 10
To disapply pre-emption rights and grant authority to the directors to allot relevant securities.
|
41,092,214 |
11,957 |
3,504 |
Resolution 11
To approve the purchase of ordinary shares pursuant to section 701 of the Companies Act 2006.
|
41,101,299 |
6,376 |
0 |
Resolution 12
To approve the change of Company name to Volex plc.
|
41,107,466 |
209 |
0 |
Resolution 13
To adopt the new Articles of Association of the Company.
|
41,101,496 |
4,459 |
1,720 |
Resolution 14
To permit general meetings (other than the Annual General Meeting) to be called on 14 clear days' notice.
|
41,041,028 |
65,639 |
1,008 |
| FOR | AGAINST | VOTES WITHHELD
|
Resolution 15
To cancel the Preference Shares.
|
41,110,435 |
2,136 |
3,229 |
The resolutions passed by the Company's shareholders included a resolution (15) approving the proposed cancellation and repayment of the 7% cumulative preference shares of £1 each in the capital of the Company (the "Preference Shares") by means of a reduction of capital at par value, together with the accrued dividend up to and including the date on which the Preference Shares are cancelled. The cancellation is expected to take place on 1 September 2011, following confirmation of the reduction of capital by the Court. The Company also intends to apply to the UK Financial Services Authority for the cancellation of the admission of the Preference Shares for the Official list, and to the London Stock Exchange for the cancellation of the Preference Shares to trading on its market for listed securities, both with effect from 8.00 am on 1 September 2011.
In accordance with UK Listing Rule 9.6.2R copies of the resolutions passed at the Annual General Meeting and have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.
A copy of the poll results for the Annual General Meeting is also available on the Company's website at www.volex.com.
The full text of each of the resolutions is set out in the notice of Annual General Meeting, copies of which are available on the Volex website (www.volex.com)
Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.
Matt Nydell Company Secretary
Volex Group plc | +44 20 3370 8830 |