24 July 2023
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 for industrial applications, 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 | 79,915,512 | 99.84% | 128,594 | 0.16% | 289,221 |
| 2 | Approval of Final Dividend | 80,326,665 | 99.99% | 5,434 | 0.01% | 1,228 |
| 3 | Approval of Directors' Remuneration Report | 79,145,375 | 98.53% | 1,180,225 | 1.47% | 7,727 |
| 4 | Re-election of Bruce Thompson | 78,008,388 | 97.11% | 2,323,111 | 2.89% | 1,828 |
| 5 | Re-election of Nick Jefferies | 77,226,472 | 96.14% | 3,104,552 | 3.86% | 2,303 |
| 6 | Re-election of Simon Gibbins | 80,269,676 | 99.92% | 61,348 | 0.08% | 2,303 |
| 7 | Re-election of Tracey Graham | 78,539,531 | 97.77% | 1,791,968 | 2.23% | 1,828 |
| 8 | Re-election of Clive Watson | 73,430,161 | 97.79% | 1,657,063 | 2.21% | 5,246,103 |
| 9 | Re-election of Rosalind Kainyah | 78,538,027 | 98.06% | 1,555,472 | 1.94% | 239,828 |
| 10 | Election of Celia Baxter | 80,294,388 | 99.95% | 37,111 | 0.05% | 1,828 |
| 11 | Re-appointment of Auditor | 80,087,413 | 99.70% | 241,001 | 0.30% | 4,913 |
| 12 | Authority to fix Auditor's Remuneration | 80,325,414 | 100.00% | 3,000 | 0.00% | 4,913 |
| 13 | Authority to Allot Shares | 68,888,988 | 86.01% | 11,205,111 | 13.99% | 239,228 |
| 14 | Additional Authority to Allot Shares | 68,539,754 | 85.32% | 11,792,345 | 14.68% | 1,228 |
| 15 | Authority to Disapply Statutory Pre-Emption Rights | 76,425,833 | 95.14% | 3,906,266 | 4.86% | 1,228 |
| 16 | Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment) | 73,333,491 | 93.22% | 5,332,087 | 6.78% | 1,667,749 |
| 17 | Additional Authority to Allot Shares | 68,298,376 | 85.02% | 12,033,025 | 14.98% | 1,926 |
| 18 | Authority to Purchase Company's Own Shares | 79,205,735 | 99.70% | 238,000 | 0.30% | 889,592 |
| 19 | Notice of General Meetings | 76,552,647 | 95.30% | 3,779,452 | 4.70% | 1,228 |
| 20 | To authorise political donations | 78,320,947 | 98.11% | 1,508,490 | 1.89% | 502,667 |
As at today's date discoverIE Group plc has 95,456,109 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
Notes to Editors:
discoverIE Group plc is an international group of businesses that designs and manufactures 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 has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating.
The Group employs c.5,000 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.
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