17 May 2022 12:08
17 May 2022
The Vitec Group plc (to be renamed Videndum plc)
Result of 2022 Annual General Meeting
and Change of Name
The Vitec Group plc (the "Company") announces that at the Annual General Meeting held today all resolutions as set out in the Notice of Annual General Meeting ("AGM") dated 23 March 2022 were passed. A poll was conducted on each resolution proposed at the Meeting and the number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:
|
| FOR
| AGAINST | WITHHELD | ||
| Resolution
| Votes cast | % | Votes cast | % | Votes cast |
1 | To receive and adopt the Annual Report and Accounts for the year ended 31 December 2021 | 38,718,329 | 100.00 | 1,000 | 0.00 | 13,705 |
2 | To approve the Directors' Remuneration Report, other than the Directors' Remuneration Policy Report, for the year ended 31 December 2021 | 38,653,371 | 99.79 | 79,663 | 0.21 | 0 |
3 | To declare a final dividend of 24p per ordinary share | 38,732,034 | 100.00 | 1,000 | 0.00 | 0 |
4 | To reappoint Ian McHoul as a Director | 38,300,532 | 98.89 | 431,329 | 1.11 | 1,173 |
5 | To reappoint Stephen Bird as a Director | 38,484,923 | 99.36 | 246,938 | 0.64 | 1,173 |
6 | To reappoint Martin Green as a Director | 38,719,429 | 99.97 | 12,432 | 0.03 | 1,173 |
7 | To reappoint Christopher Humphrey as a Director | 38,567,257 | 99.58 | 164,604 | 0.42 | 1,173 |
8 | To reappoint Caroline Thomson as a Director | 38,573,088 | 99.59 | 159,007 | 0.41 | 939 |
9 | To reappoint Richard Tyson as a Director | 38,568,994 | 99.58 | 162,867 | 0.42 | 1,173 |
10 | To reappoint Erika Schraner as a Director | 38,706,541 | 99.93 | 25,320 | 0.07 | 1,173 |
11 | To reappoint Deloitte LLP as auditor of the Company | 38,717,150 | 99.96 | 15,412 | 0.04 | 472 |
12 | To authorise Directors to determine the remuneration of the auditor | 38,723,977 | 99.99 | 5,382 | 0.01 | 3,675 |
13 | To change the Company name to Videndum plc** | 38,707,104 | 99.95 | 17,882 | 0.05 | 8,048 |
14 | To renew the authority for Directors to allot relevant securities | 38,711,702 | 99.96 | 14,879 | 0.04 | 6,453 |
15 | To authorise Directors to allot relevant securities with the disapplication of pre-emption rights** | 37,399,505 | 99.95 | 20,424 | 0.05 | 1,313,105 |
16 | To renew the authority for the Company to make market purchases of its own shares** | 37,315,991 | 99.97 | 12,264 | 0.03 | 1,404,779 |
17 | To authorise Directors to call general meetings on 14 days' notice** | 37,350,924 | 96.43 | 1,382,110 | 3.57 | 0 |
** denotes a special resolution
The number of shares in issue as at the date of the 2022 Annual General Meeting is 46,387,062 including the 133,600 shares held in treasury.
In accordance with LR 9.6.2 a copy of the resolutions passed under special business at today's Annual General Meeting will be submitted to the National Storage Mechanism.
As previously announced, following the conclusion of the AGM, Duncan Penny ceased to be a director of the Company.
Change of Name and Website
Further to previous announcements and following shareholder approval at the Company's AGM, the expected date for the Company's change of name becoming effective with the Registrar of Companies is Monday, 23 May 2022, and the Company will issue a further announcement to confirm when this has taken place.
Accordingly, it is expected that the Company's change of name and change of Tradable Instrument Display Mnemonic ("TIDM") from VTC to VID will become effective on the Official List of the FCA and the Main Market of the London Stock Exchange on 24 May 2022. Videndum plc shares will continue to be traded on the Main Market of the London Stock Exchange.
The Company's corporate website address is also expected to change to www.videndum.com with effect from 23 May 2022.
Shareholdings are unaffected by the name change, and existing share certificates should be retained, as they will remain valid for all purposes. Any new share certificates issued after 23 May 2022 will bear the name Videndum plc.
Jon Bolton
Group Company Secretary
020 8332 4600
A snapshot of The Vitec Group plc
Vitec is a leading global provider of premium branded hardware products and software solutions to the growing content creation market.
Vitec's customers include broadcasters, film studios, production and rental companies, photographers/videographers, independent content creators, vloggers/influencers, gamers, professional musicians and enterprises. Our product portfolio includes camera supports, video transmission systems and monitors, live streaming solutions, smartphone accessories, robotic camera systems, prompters, LED lighting, mobile power, bags and backgrounds, and motion control, audio capture and noise reduction equipment.
We employ around 2,000 people across the world in 11 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.
The Vitec Group plc is listed on the London Stock Exchange.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14