For immediate release 11 August 2022
Marks Electrical Group plc
(the "Company")
Result of AGM
Marks Electrical Group plc announces that at its Annual General Meeting held at 11.00 a.m. on 11 August 2022 at its registered office at 4 Boston Road, Leicester, LE4 1AU, all 13 resolutions put to members were passed on a poll. Resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 and 13 were passed as special resolutions.
The results of the poll (including proxy votes) were as follows:
| Resolution | Votes for | % | Votes against | % | Votes withheld |
| Resolution 1 (Ordinary) To receive the reports of the Directors and the Financial Statements for the year ended 31 March 2022 together with the report of the auditor thereon. | 88,138,979 | 100.000% | 0 | 0.000% | 0 |
| Resolution 2 (Ordinary) To elect Josh Egan as a Director. | 88,138,887 | 100.000% | 0 | 0.000% | 92 |
| Resolution 3 (Ordinary) To elect Alyson Fadil as a Director. | 88,138,887 | 100.000% | 0 | 0.000% | 92 |
| Resolution 4 (Ordinary) To elect Marnie Millard as a Director. | 88,138,887 | 100.000% | 0 | 0.000% | 92 |
| Resolution 5 (Ordinary) To elect Mark Smithson as a Director. | 88,138,887 | 100.000% | 0 | 0.000% | 92 |
| Resolution 6 (Ordinary) To elect David Wilkinson as a Director. | 88,138,887 | 100.000% | 0 | 0.000% | 92 |
| Resolution 7 (Ordinary) To declare a final dividend for the year ended 31 March 2022 of 0.67 pence per share. | 88,138,979 | 100.000% | 0 | 0.000% | 0 |
| Resolution 8 (Ordinary) To reappoint BDO LLP as the Company's auditor. | 88,132,293 | 99.996% | 3,936 | 0.004% | 2,750 |
| Resolution 9 (Ordinary) To authorise the Directors to determine the fees payable to the auditor. | 88,132,293 | 99.996% | 3,936 | 0.004% | 2,750 |
| Resolution 10 (Ordinary) To approve, on an advisory basis, the Statement of the Chair of the Remuneration Committee and the Annual Report on Remuneration. | 88,134,043 | 99.994% | 4,936 | 0.006% | 0 |
| Resolution 11 (Ordinary) To authorise the Directors to allot shares. | 88,138,979 | 100.000% | 0 | 0.000% | 0 |
| Resolution 12 (Special) To authorise Directors to disapply pre-emption rights. | 88,137,979 | 99.999% | 1,000 | 0.001% | 0 |
| Resolution 13 (Special) To authorise the Company to purchase its own shares. | 84,073,070 | 100.000% | 0 | 0.000% | 4,065,909 |
As at 11 August, there were 104,949,050 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
- Ends -
FOR FURTHER ENQUIRIES:
Enquiries:
Marks Electrical Group plc Via Dentons Global Advisors:
Mark Smithson, CEO Tel: +44 (0)20 7664 5095
Josh Egan, CFO
Dentons Global Advisors (Financial PR)
Jonathon Brill markselectrical@dentonsglobaladvisors.com
James Styles
Fern Duncan Tel: +44 (0)20 7664 5095
Panmure Gordon (NOMAD and Joint Broker)
Oliver Cardigan, Ailsa Macmaster (Corporate Finance) Tel: +44 (0) 207 886 2500
Erik Anderson (Corporate Broking)
Berenberg (Joint Broker)
Matthew Armitt / Michelle Wilson / Jack Botros Tel: +44 (0) 20 3207 7800
(UK Investment Banking)
About Marks Electrical
Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) market, estimated to be worth approximately £5.4 billion.
Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 3,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.
For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.
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