26
July 2024
discoverIE Group
plc
Results of Annual General
Meeting
discoverIE Group plc (LSE: DSCV,
"discoverIE" or "the Group"), a leading international designer and
manufacturer of customised electronics to industry, announces that,
at the Annual General Meeting held earlier today, all resolutions
were approved. The following levels of proxy votes were
received:
|
|
Resolution
|
Votes For
|
Votes
Against
|
Withheld
|
|
1
|
Receipt and Adoption of
Financial Statements
|
77,993,103
|
100.00%
|
893
|
0.00%
|
292,741
|
|
2
|
Approval of Final Dividend
|
78,286,737
|
100.00%
|
0
|
0.00%
|
0
|
|
3
|
Approval of Directors'
Remuneration Report
|
77,383,278
|
98.85%
|
900,574
|
1.15%
|
2,885
|
|
4
|
Approval of Directors' Remuneration
Policy
|
75,169,860
|
96.03%
|
3,111,165
|
3.97%
|
5,712
|
|
5
|
Re-election of Bruce
Thompson
|
75,490,087
|
96.43%
|
2,792,196
|
3.57%
|
4,454
|
|
6
|
Re-election of Nick
Jefferies
|
73,421,554
|
93.79%
|
4,860,144
|
6.21%
|
5,039
|
|
7
|
Re-election of Simon
Gibbins
|
77,125,363
|
98.52%
|
1,156,920
|
1.48%
|
4,454
|
|
8
|
Re-election of Tracey
Graham
|
75,660,332
|
96.65%
|
2,621,951
|
3.35%
|
4,454
|
|
9
|
Re-election of Clive
Watson
|
68,950,286
|
88.08%
|
9,331,997
|
11.92%
|
4,454
|
|
10
|
Re-election of Rosalind
Kainyah
|
75,632,814
|
96.91%
|
2,410,884
|
3.09%
|
243,039
|
|
11
|
Re-election of Celia
Baxter
|
75,873,817
|
96.92%
|
2,408,466
|
3.08%
|
4,454
|
|
12
|
Appointment of Auditor
|
78,040,013
|
99.69%
|
242,479
|
0.31%
|
4,245
|
|
13
|
Authority to fix Auditor's
Remuneration
|
78,279,885
|
100.00%
|
3,117
|
0.00%
|
3,735
|
|
14
|
Authority to Allot Shares
|
67,646,857
|
86.41%
|
10,639,880
|
13.59%
|
0
|
|
15
|
Additional Authority to Allot
Shares
|
67,647,616
|
86.41%
|
10,639,121
|
13.59%
|
0
|
|
16
|
Authority to Disapply
Statutory
Pre-Emption Rights
|
75,675,717
|
96.66%
|
2,611,020
|
3.34%
|
0
|
|
17
|
Additional Authority to Disapply
Statutory Pre-Emption Rights (acquisition or specified capital
investment)
|
70,432,085
|
91.18%
|
6,810,262
|
8.82%
|
1,044,390
|
|
18
|
Additional Authority to Allot
Shares
|
71,283,056
|
91.05%
|
7,003,096
|
8.95%
|
585
|
|
19
|
Authority to Purchase Company's Own
Shares
|
77,615,933
|
99.61%
|
307,009
|
0.39%
|
363,795
|
|
20
|
Notice of General Meetings
|
73,386,415
|
93.74%
|
4,900,322
|
6.26%
|
0
|
|
21
|
To authorise political
donations
|
76,877,742
|
98.65%
|
1,049,809
|
1.35%
|
359,186
|
|
22
|
Approval of a change to the 2021 LTIP
Scheme
|
77,830,160
|
99.42%
|
455,379
|
0.58%
|
1,198
|
|
23
|
Approval of the 2024 Deferred Share
Bonus Plan
|
75,829,058
|
96.86%
|
2,456,977
|
3.14%
|
702
|
As at today's date, discoverIE Group
plc has 96,356,109 ordinary shares in issue.
A copy of the resolutions approved by
Shareholders will be placed on the National Storage
Mechanism.
For further information, please
contact:
discoverIE Group plc
Greg Davidson - Company
Secretary 01483 544 500
Buchanan
Chris Lane, Toto Berger, Jack
Devoy 020 7466 5000
discoverIE@buchanan.uk.com
Notes to
Editors:
discoverIE Group plc is an
international group of businesses that design and manufacture
innovative electronic components for industrial
applications.
The Group provides
application-specific components to original equipment manufacturers
("OEMs") internationally through its two divisions, Magnetics &
Controls, and Sensing & Connectivity. By designing components
that meet customers' unique requirements, which are then
manufactured and supplied throughout the life of their production,
a high level of repeating revenue is generated with long-term
customer relationships.
With a focus on sustainable key
markets driven by structural growth and increasing electronic
content, namely renewable energy, medical, electrification of
transportation and industrial automation & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with complementary acquisitions. The Group is
committed to reducing the impact of its operations on the
environment with an SBTi-aligned plan to reach net zero. With its
key markets aligned with a sustainable future, the Group has been
awarded an ESG "AA" rating by MSCI and is Regional (Europe) Top
Rated by Sustainalytics.
The Group employs c.4,500 people
across 20 countries with its principal operating units located in
Continental Europe, the UK, China, Sri Lanka, India and North
America.
discoverIE is listed on the Main
Market of the London Stock Exchange and is a member of the FTSE250,
classified within the Electrical Components and Equipment
subsector.
.