TIDMSPEC
RNS Number : 8959C
Inspecs Group PLC
15 June 2023
15 June 2023
Inspecs Group plc
("Inspecs" the "Company" or "the Group")
Result of AGM
Inspecs Group plc, a leading designer, manufacturer and
distributor of eyewear frames, announces that at the Annual General
Meeting held earlier today, all resolutions were duly passed.
Resolution For Against Withheld Total
votes
cast
Number % Number % Number
of of votes of votes
votes
----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to receive and adopt
the Company's annual
1. accounts and reports 77,826,788 100.00% 0 0.00% 1,057 77,826,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to approve the directors'
2. remuneration report 61,776,882 81.89% 13,657,909 18.11% 2,393,054 75,434,791
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-elect Robin
Totterman as a director
3. of the Company. 73,038,722 94.66% 4,119,643 5.34% 669,480 77,158,365
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-elect Richard
Peck as a director
4. of the Company. 77,765,588 100.00% 1,200 0.00% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-elect Christopher
Kay as a director
5. of the Company. 77,765,588 100.00% 1,200 0.00% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-elect Christopher
Hancock as a director
6. of the Company. 73,274,288 97.13% 2,162,278 2.87% 2,391,279 75,436,566
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-elect Angela
Farrugia as a director
7. of the Company. 72,702,533 93.49% 5,064,255 6.51% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to elect Shaun Smith
as a director of
8. the Company. 77,765,788 100.00% 1,000 0.00% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to elect Hugo Adams
as a director of
9. the Company. 77,765,788 100.00% 1,000 0.00% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to re-appoint Ernst
& Young LLP as the
Company's auditors
to hold office from
the conclusion of
this meeting until
the conclusion of
the next meeting,
in accordance with
10. normal practice. 77,820,975 99.99% 5,410 0.01% 1,460 77,826,385
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to authorise the
directors to determine
the remuneration
11. of the auditors 77,826,788 100.00% 0 0.00% 1,057 77,826,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to enable the Company
and each of its subsidiaries
to make political
12. donations and expenditure. 71,979,083 92.56% 5,786,802 7.44% 61,960 77,765,885
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Ordinary resolution
to authorise the
directors to allot
ordinary shares in
the Company up to
a maximum nominal
amount of GBP338,905.08
and up to a further
maximum nominal amount
of GBP338,905.08
where the allotment
is in connection
with an offer by
13. way of a rights issue. 77,762,885 100.00% 3,500 0.00% 61,460 77,766,385
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Special resolution
to enable the directors
to allot, grant options
over or otherwise
dispose of equity
securities for cash
or sell treasury
shares for cash up
to a maximum aggregate
nominal amount of
GBP101,671.52 as
if pre-emption rights
did not apply to
14. such allotment. 66,032,162 84.91% 11,734,626 15.09% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Special Resolution
to further disapply
pre-emption rights
in relation to acquisitions
or other capital
15. investments. 66,032,162 84.91% 11,734,626 15.09% 61,057 77,766,788
------------------------------ ----------- -------- ----------- ------- ---------- -----------
Special resolution
to authorise the
Company to make market
purchases of up to
10,167,153 ordinary
shares (which represents
approximately 10
per cent of the Company's
ordinary shares (excluding
treasury shares)
in issue on 31 December
16. 2022). 77,825,606 100.00% 310 0.00% 1,929 77,825,916
------------------------------ ----------- -------- ----------- ------- ---------- -----------
For further information please contact:
Inspecs Group plc via FTI Consulting
Richard Peck (CEO) Tel: +44 (0) 20
Chris Kay (CFO) 3727 1000
Peel Hunt (Nominated Adviser and Broker) Tel: +44 (0) 20
Adrian Trimmings 7418 8900
Andrew Clark
Lalit Bose
FTI Consulting (Financial PR) Tel: +44 (0) 20
Alex Beagley 3727 1000
Harriet Jackson
Alice Newlyn
About Inspecs Group plc
INSPECS is a Bath-based designer, manufacturer and distributor
of eyewear frames and optically advanced spectacle lenses. The
Group produces a broad range of frames and lenses, covering
optical, sunglasses and safety, which are either "Branded" (either
under licence or under the Group's own proprietary brands), or
"OEM" (including private label on behalf of retail customers, as
well as unbranded).
INSPECS aims to be the leader in eyewear solutions through its
vertically-integrated business model and has adopted a three-pillar
growth strategy to achieve this: (i) continue to grow organically;
(ii) undertake further acquisitions (and drive value through
leveraging the Group's internal capabilities); and (iii) extend the
Group's manufacturing capacity.
INSPECS customers include global optical and non-optical
retailers, global distributors and independent opticians, with its
distribution network covering over 80 countries and reaching
approximately 75,000 points of sale.
INSPECS has operations across the globe: with offices and
subsidiaries in the UK, Germany, Portugal, Scandinavia, the US and
China (including Hong Kong, Macau and Shenzhen), and manufacturing
facilities in Vietnam, China, the UK and Italy.
More information is available at: https://inspecs.com
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June 15, 2023 10:36 ET (14:36 GMT)
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