discoverIE Group plc Results of Annual General Meeting (9978G)

TIDMDSCV

RNS Number : 9978G

discoverIE Group plc

24 July 2023

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 
      Receipt and Adoption 
       of 
 1     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 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Approval of Directors' 
 3     Remuneration Report               79,145,375   98.53%    1,180,225    1.47%    7,727 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Bruce 
 4     Thompson                          78,008,388   97.11%    2,323,111    2.89%    1,828 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Nick 
 5     Jefferies                         77,226,472   96.14%    3,104,552    3.86%    2,303 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Simon 
 6     Gibbins                           80,269,676   99.92%    61,348       0.08%    2,303 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Tracey 
 7     Graham                            78,539,531   97.77%    1,791,968    2.23%    1,828 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Clive 
 8     Watson                            73,430,161   97.79%    1,657,063    2.21%    5,246,103 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Re-election of Rosalind 
 9     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 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Authority to fix Auditor's 
 12    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 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Additional Authority 
 14    to Allot Shares                   68,539,754   85.32%    11,792,345   14.68%   1,228 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Authority to Disapply 
       Statutory 
 15    Pre-Emption Rights                76,425,833   95.14%    3,906,266    4.86%    1,228 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Additional Authority 
       to Disapply Statutory 
       Pre-Emption Rights (acquisition 
       or specified capital 
 16    investment)                       73,333,491   93.22%    5,332,087    6.78%    1,667,749 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Additional Authority 
 17    to Allot Shares                   68,298,376   85.02%    12,033,025   14.98%   1,926 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      Authority to Purchase 
 18    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 
     ---------------------------------  -----------  --------  -----------  -------  ---------- 
      To authorise political 
 20    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 

[e-mail]

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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July 24, 2023 09:31 ET (13:31 GMT)