Midwich Group PLC Result of AGM
May 14 2024 - 10:52AM
RNS Regulatory News
RNS Number : 4242O
Midwich Group PLC
14 May 2024
14
May 2024
Midwich
Group plc
("Midwich" or the "Group")
Result of
AGM
Midwich Group (AIM: MIDW), a global
specialist audio visual ("AV") distributor to the trade
market, announces that at the Annual General Meeting held earlier
today, all resolutions were duly passed.
Details of the proxy votes received
on each resolution by Midwich's Registrar are set out
below:
|
Resolution
|
In
Favour
|
Against
|
Total votes cast
|
%
ISC voted
|
Withheld votes
|
|
Number of
votes
|
%
|
Number of votes
|
%
|
Number of votes
|
|
|
|
1.
|
Ordinary resolution to receive and
adopt the Company's annual accounts for the financial year ended 31
December 2023
|
84,816,933
|
100.00%
|
0
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
2.
|
Ordinary resolution to re-elect
Stephen Fenby as a director of the Company.
|
84,816,933
|
100.00%
|
0
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
3.
|
Ordinary resolution to re-elect
Andrew Herbert as a director of the Company.
|
83,305,649
|
98.75%
|
1,053,789
|
1.25%
|
84,359,438
|
80.92%
|
457,495
|
|
4.
|
Ordinary resolution to re-elect Mike
Ashley as a director of the Company.
|
84,076,933
|
99.13%
|
740,000
|
0.87%
|
84,816,933
|
81.36%
|
0
|
|
5.
|
Ordinary resolution to re-elect
Stephen Lamb as a director of the Company.
|
84,812,868
|
100.00%
|
4,065
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
6.
|
Ordinary resolution to re-elect
Hilary Wright as a director of the Company.
|
84,816,933
|
100.00%
|
0
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
7.
|
Ordinary resolution to re-elect
Alison Seekings as a director of the Company.
|
84,816,933
|
100.00%
|
0
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
8.
|
Ordinary resolution to re-appoint
Grant Thornton UK LLP as the Company's auditors.
|
83,634,569
|
98.61%
|
1,182,364
|
1.39%
|
84,816,933
|
81.36%
|
0
|
|
9.
|
Ordinary resolution to declare a
final dividend for the financial year ended 31 December 2023 of
11.0p per ordinary share.
|
84,816,933
|
100.00%
|
0
|
0.00%
|
84,816,933
|
81.36%
|
0
|
|
10.
|
Ordinary resolution to approve the
Directors' Remuneration Report (excluding the directors'
remuneration policy).
|
82,935,854
|
97.78%
|
1,880,682
|
2.22%
|
84,816,536
|
81.36%
|
397
|
|
11.
|
Ordinary resolution to authorise the
directors to allot shares.
|
83,351,667
|
98.27%
|
1,464,869
|
1.73%
|
84,816,536
|
81.36%
|
397
|
|
12.
|
Special resolution to disapply
pre-emption rights.
|
83,345,678
|
98.27%
|
1,470,858
|
1.73%
|
84,816,536
|
81.36%
|
397
|
|
13.
|
Further special resolution to
disapply pre-emption rights in circumstances permitted by the
Pre-emption Group guidelines.
|
83,345,678
|
98.27%
|
1,470,858
|
1.73%
|
84,816,536
|
81.36%
|
397
|
|
14.
|
Further special resolution that the
Company be generally and unconditionally authorised for the
purposes of Section 701 of the CA 2006 to make market purchases of
the Company's own shares.
|
71,400,053
|
100.00%
|
946
|
0.00%
|
71,400,999
|
68.49%
|
13,415,934
|
|
15.
|
Further special resolution to ratify
certain dividend payments between 2018-2023.
|
67,344,647
|
100.00%
|
0
|
0.00%
|
67,344,647
|
64.60%
|
17,472,286
|
For further
information:
|
Midwich Group plc
Stephen Fenby, Managing
Director
Stephen Lamb, Finance Director
|
+44
(0) 1379 649200
|
|
Investec Bank plc (NOMAD and Joint Broker to
Midwich)
Carlton Nelson / Ben Griffiths
|
+44
(0) 20 7597 5970
|
|
Berenberg (Joint Broker to
Midwich)
Ben
Wright / Richard Andrews
|
+44
(0) 20 3207 7800
|
|
FTI
Consulting
Alex Beagley / Tom Hufton / Matthew
Young
|
+44 (0) 20 3727
1000
midwich@fticonsulting.com
|
About Midwich
Group
Midwich Group is a specialist AV
distributor, with operations in the UK and Ireland, EMEA, Asia
Pacific and North America. The Group's long-standing relationships
with over 800 vendors, including blue-chip organisations, support a
comprehensive product portfolio across major audio visual
categories such as displays, projectors, technical AV, broadcast,
professional audio, lighting and unified communications. The Group
operates as the sole or largest in-country distributor for a number
of its vendors in their respective product sets.
The Directors attribute this
position to the Group's technical expertise, extensive product
knowledge and strong customer service offering built up over a
number of years. The Group has a large and diverse base of over
24,000 trade customers, most of which are professional AV
integrators and IT resellers serving sectors such as corporate,
education, retail, residential and hospitality.
Initially a UK only distributor, the
Group now has approximately 1,900 employees across the UK and
Ireland, EMEA, North America and Asia Pacific. A core component of
the Group's growth strategy is further expansion of its
international operations and footprint into strategically targeted
jurisdictions.
For further information, please
visit www.midwichgroupplc.com
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
RAGAIMATMTABBMI
Midwich (LSE:MIDW)
Historical Stock Chart
From Apr 2024 to May 2024
Midwich (LSE:MIDW)
Historical Stock Chart
From May 2023 to May 2024
