13 May 2025
Midwich Group plc
("Midwich" or the "Group")
Result of AGM
Midwich Group (AIM: MIDW), a global specialist audio visual 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 | % | Number of votes | % | Number of votes | | | ||
| votes | ||||||||
| 1 | Ordinary resolution to receive and adopt the Company's annual accounts for the financial year ended 31 December 2024 | 63,925,589 | 99.99% | 1,004 | 0.01% | 63,926,593 | 61.15% | 9,705,941 |
| 2 | Ordinary resolution to re-elect Stephen Fenby as a director of the Company. | 63,910,524 | 99.97% | 20,321 | 0.03% | 63,930,845 | 61.15% | 9,701,689 |
| 3 | Ordinary resolution to re-elect Andrew Herbert as a director of the Company. | 63,820,472 | 99.83% | 110,373 | 0.17% | 63,930,845 | 61.15% | 9,701,689 |
| 4 | Ordinary resolution to re-elect Mike Ashley as a director of the Company. | 63,047,757 | 98.62% | 883,088 | 1.38% | 63,930,845 | 61.15% | 9,701,689 |
| 5 | Ordinary resolution to re-elect Stephen Lamb as a director of the Company. | 63,771,917 | 99.75% | 158,928 | 0.25% | 63,930,845 | 61.15% | 9,701,689 |
| 6 | Ordinary resolution to re-elect Hilary Wright as a director of the Company. | 63,910,524 | 99.97% | 20,321 | 0.03% | 63,930,845 | 61.15% | 9,701,689 |
| 7 | Ordinary resolution to re-elect Alison Seekings as a director of the Company. | 63,910,524 | 99.97% | 20,321 | 0.03% | 63,930,845 | 61.15% | 9,701,689 |
| 8 | Ordinary resolution to re-appoint RSM UK Audit LLP as the Company's auditors. | 63,925,589 | 99.99% | 1,004 | 0.01% | 63,926,593 | 61.15% | 9,701,689 |
| 9 | Ordinary resolution to declare a final dividend for the financial year ended 31 December 2024 of 7.5p per ordinary share. | 63,930,787 | 99.99% | 58 | 0.01% | 63,930,845 | 61.15% | 9,705,941 |
| 10 | Ordinary resolution to approve the Directors' Remuneration Report (excluding the directors' remuneration policy). | 63,001,520 | 98.55% | 928,928 | 1.45% | 63,930,448 | 61.15% | 9,702,086 |
| 11 | Ordinary resolution to authorise the directors to allot shares. | 63,152,487 | 98.78% | 777,961 | 1.22% | 63,930,448 | 61.15% | 9,702,086 |
| 12 | Special resolution to disapply pre-emption rights. | 63,149,566 | 98.78% | 780,882 | 1.22% | 63,930,448 | 61.15% | 9,702,086 |
| 13 | Further special resolution to disapply pre-emption rights in circumstances permitted by the Pre-emption Group guidelines. | 63,149,566 | 98.78% | 780,882 | 1.22% | 63,930,448 | 61.15% | 9,702,086 |
| 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. | 51,254,990 | 99.99% | 1,004 | 0.01% | 51,255,994 | 49.03% | 22,376,540 |
For further information:
| Midwich Group plc | +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) | +44 (0) 20 3207 7800 |
| FTI Consulting | +44 (0) 20 3727 1000 |
About Midwich Group
Specialisation at scale.
Midwich Group is a network of businesses which partner with the world's leading technology companies to accelerate their growth. Selling into over 50 countries from 23 global locations, the Group specialises in audiovisual technology - whether in state-of-the-art meeting rooms or on a festival main stage, our solutions help the world connect, communicate, or experience wow moments.
Taking technology further.
With services ranging from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups, the Group's ever-expanding offering is designed to add value and solve its partners' biggest challenges.
This has enabled the Group to maintain strong relationships with global manufacturers and a diverse customer base of over 24,000, including professional integrators, event production companies and IT resellers in sectors such as education, corporate, retail and live events.
Enabling tomorrow.
With over 1,800 employees across the UK and Ireland, EMEA, Asia Pacific and North America, the company is committed to being a responsible employer.
The Group wants to do the right thing and actively works to limit its impact on the environment and communities, and recognises the importance of giving back - find out more about our sustainability activities here.
Help us go further, together.
For further information, please visit www.midwichgroupplc.com
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