TIDMDSCV
RNS Number : 6013W
discoverIE Group plc
19 August 2020
19 August 2020
discoverIE Group plc
Results of Annual General Meeting
discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a
leading international designer, manufacturer and supplier 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
Receipt and Adoption
of
1 Financial Statements 70,682,791 99.99% 8,463 0.01% 162,160
--------------------------------- ----------- -------- ---------- ------ ----------
Approval of Directors'
2 Remuneration Report 68,046,592 97.16% 1,991,774 2.84% 815,048
--------------------------------- ----------- -------- ---------- ------ ----------
Re-election of Malcolm
3 Diamond 66,798,204 97.08% 2,006,601 2.92% 2,048,609
--------------------------------- ----------- -------- ---------- ------ ----------
4 Re-election of Nick Jefferies 70,490,028 99.49% 358,667 0.51% 4,719
--------------------------------- ----------- -------- ---------- ------ ----------
Re-election of Simon
5 Gibbins 70,835,426 99.98% 13,270 0.02% 4,719
--------------------------------- ----------- -------- ---------- ------ ----------
Re-election of Bruce
6 Thompson 70,753,419 99.87% 95,277 0.13% 4,719
--------------------------------- ----------- -------- ---------- ------ ----------
Re-election of Tracey
7 Graham 70,753,804 99.87% 95,451 0.13% 4,160
--------------------------------- ----------- -------- ---------- ------ ----------
8 Election of Clive Watson 70,845,695 100.00% 3,001 0.00% 4,719
--------------------------------- ----------- -------- ---------- ------ ----------
9 Re-appointment of Auditor 70,840,780 99.99% 4,475 0.01% 8,160
--------------------------------- ----------- -------- ---------- ------ ----------
Authority to fix Auditor's
10 Remuneration 70,846,255 100.00% 3,000 0.00% 4,160
--------------------------------- ----------- -------- ---------- ------ ----------
11 Authority to Allot Shares 70,714,906 99.81% 132,325 0.19% 6,184
--------------------------------- ----------- -------- ---------- ------ ----------
Additional Authority
to Allot Shares (rights
12 issue) 70,716,163 99.81% 131,627 0.19% 5,625
--------------------------------- ----------- -------- ---------- ------ ----------
Authority to Disapply
Statutory
13 Pre-Emption Rights 70,836,174 99.99% 7,003 0.01% 10,238
--------------------------------- ----------- -------- ---------- ------ ----------
Additional Authority
to Disapply Statutory
Pre-Emption Rights (acquisition
or specified capital
14 investment) 70,675,319 99.76% 172,416 0.24% 5,679
--------------------------------- ----------- -------- ---------- ------ ----------
Additional Authority
15 to Allot Shares 65,375,813 92.28% 5,471,922 7.72% 5,679
--------------------------------- ----------- -------- ---------- ------ ----------
Authority to Purchase
16 Company's Own Shares 70,677,107 99.76% 170,682 0.24% 5,625
--------------------------------- ----------- -------- ---------- ------ ----------
17 To authorise scrip dividends 70,847,616 100.00% 174 0.00% 5,625
--------------------------------- ----------- -------- ---------- ------ ----------
18 Notice of General Meetings 69,613,278 98.26% 1,234,953 1.74% 5,184
--------------------------------- ----------- -------- ---------- ------ ----------
To authorise political
19 donations 68,184,230 96.46% 2,504,450 3.54% 164,734
--------------------------------- ----------- -------- ---------- ------ ----------
To approve the 2020 Company
20 Share Option Plan 70,832,223 99.98% 12,612 0.02% 8,579
--------------------------------- ----------- -------- ---------- ------ ----------
As at today's date discoverIE Group plc has 89,455,715 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 01483 544
Group Company Secretary 500
Instinctif
Mark Garraway 020 7457
Rosie Driscoll 2020
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. 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 key markets driven by structural growth and
increasing electronic content, namely renewable energy,
transportation, medical and industrial & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with targeted complementary acquisitions.
The Group employs c.4,400 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is in the top quartile of the FTSE Small Cap Index,
classified within the Electrical Components and Equipment
subsector, and has revenues of over GBP450m. Over the last five
years, underlying earnings per share has almost doubled.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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