1 August 2024
Volex plc
("Volex" or "the Company")
Results of Annual General Meeting
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 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 31 March 2024 |
99.99% |
92,770,635 |
3,567 |
92,774,202 |
51.08% |
11,209,194 |
| 2. |
To approve the Remuneration Committee Report |
97.64% |
101,512,601 |
2,455,444 |
103,968,045 |
57.25% |
15,351 |
| 3. |
To declare a final dividend of 2.8 pence per ordinary share for the financial year ended 31 March 2024 |
99.99% |
103,979,545 |
78 |
103,979,623 |
57.25% |
3,773 |
| 4. |
To elect John Wilson as a Director |
99.69% |
103,658,732 |
318,306 |
103,977,038 |
57.25% |
6,358 |
| 5. |
To re-elect Jon Boaden as a Director |
99.69% |
103,650,976 |
326,062 |
103,977,038 |
57.25% |
6,358 |
| 6. |
To re-elect Amelia Murillo as a Director |
99.75% |
103,717,556 |
258,040 |
103,975,596 |
57.25% |
7,800 |
| 7. |
To re-elect Sir Peter Westmacott as a Director |
96.79% |
100,636,425 |
3,338,236 |
103,974,661 |
57.25% |
8,735 |
| 8. |
To re-appoint PricewaterhouseCoopers LLP as auditors of the Company |
98.99% |
102,922,096 |
1,047,996 |
103,970,092 |
57.25% |
13,304 |
| 9. |
To authorise the Directors to determine the remuneration of the auditors |
99.45% |
103,394,990 |
576,017 |
103,971,007 |
57.25% |
12,389 |
| 10. |
To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 ("2006 Act") |
99.60% |
103,562,525 |
413,551 |
103,976,076 |
57.25% |
7,320 |
| 11. |
To authorise the disapplication of statutory pre-emption rights under section 570 of the 2006 Act |
98.61% |
102,530,071 |
1,446,205 |
103,976,276 |
57.25% |
7,120 |
| 12. |
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 |
97.48% |
101,352,269 |
2,624,007 |
103,976,276 |
57.25% |
7,120 |
| 13. |
To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act |
99.97% |
103,684,365 |
29,934 |
103,714,299 |
57.11% |
269,097 |
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 10 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 11 to 13 were special resolutions, requiring at least 75% support to pass.
The total number of Volex shares in issue at 6.00 p.m. on 30 July 2024, being those eligible to be voted on at the AGM, was 181,617,533 .
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 "Shareholder Information" page in the Investor Relations section.
For further information please contact:
Volex plc +44 (0)7971 156 431
Nat Rothschild, Executive Chairman investor.relations@volex.com
Jon Boaden, Chief Financial Officer
Chris Bedford, Group General Counsel and Company Secretary
Peel Hunt LLP - Nominated Adviser & Joint Broker +44 20 7418 8900
Ed Allsopp
Dom Convey
Ben Harrington
HSBC Bank plc - Joint Broker +44 20 7991 8888
Simon Alexander
Joe Weaving
Stephanie Cornish
Sodali & Co - Media Enquiries +44 20 7250 1446
James White
Nicholas Johnson