20 September 2024
SysGroup plc
("SysGroup", the "Group", or the "Company")
Result of Annual General Meeting
SysGroup plc (AIM:SYS), the technology partner for delivery and management of cloud, data and security services to power Artificial Intelligence ("AI") and Machine Learning ("ML") transformation, is pleased to announce that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.
Details of the proxy votes received by the Company are as follows:
| | For | Against | Withheld | ||
| Votes | % of votes cast | Votes | % of votes cast | Votes | |
| 1. To receive, consider and adopt the annual report and financial statements for the year ended 31 March 2024 together with the Directors' and Auditors' Reports contained therein | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 2. To reappoint Heejae Chae as a Director of the Company who retires by rotation. | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 3. To reappoint Michael James Fletcher as a Director of the Company who retires by rotation. | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 4. To appoint Paul Edwards as a Director of the Company. | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 5. To appoint Mark Reilly as a Director of the Company | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 6. To appoint Owen Phillips as a Director of the Company. | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 7. To appoint Davin Cushman as a Director of the Company | 53,872,385 | 100% | 0 | 0% | 1,474 |
| 8. TO reappoint BDO LLP as auditors of the Company and authorise the Directors to fix their remuneration. | 53,872,260 | 100% | 125 | 0% | 1,474 |
| 9. To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 ("2006 Act") | 53,872,260 | 100% | 125 | 0% | 1,474 |
| 10. To authorise the disapplication of statutory pre-emption rights under section 570 of the Companies Act 2006* | 53,317,775 | 98.97% | 554,610 | 1.03% | 1,474 |
| 11. To authorise the Company to make market purchases of its own shares in accordance with section 701 of the 2006 Act* | 51,516,740 | 100% | 0 | 0% | 2,357,119 |
*Special resolution
Notes:
1. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".
4. The number of shares in issue on 20 September 2024 was 85,515,091with 2,561,394 shares in treasury.
5. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Group's website at https://www.sysgroup.com/about-us/investor-relations/
| For further information, please contact: |
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| SysGroup plc | Tel: 0333 101 9000 |
| Heejae Chae, Executive Chairman | |
| Owen Phillips, Chief Financial Officer | |
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| Zeus (Nominated Adviser and Broker) | Tel: 0161 831 1512 |
| Jordan Warburton | |
| Nick Cowles | |
| Alex Campbell-Harris | |
| Nick Searle | |
About SysGroup
SysGroup plc is a managed service provider of end-to-end data solutions enabling us to take our customers on their AI data journey. The Group offers an integrated set of modern technologies that collectively meets our customers end-to-end data needs including connectivity, cloud hosting, delivery, analytics and governance of customer data, as well as a security layer for users and applications.
The Group has offices in Bristol, Edinburgh, London, Manchester and Newport.
For more information, visit http://www.sysgroup.com
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