discoverIE Group plc Result of AGM (9183V)

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RNS Number : 9183V

discoverIE Group plc

26 July 2018

26 July 2018

discoverIE Group plc

Results of Annual General Meeting

discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were carried on a show of hands. The following levels of proxy votes were received:

 
      Resolution                          For     Against    Chairman's   Withheld 
                                                             Discretion 
 
      Receipt and Adoption 
       of 
 1     Financial Statements        43,300,859   5,854,905        43,970          0 
 
      Approval of Final 
 2     Dividend                    49,155,745           0        43,990          0 
 
      Approval of Remuneration 
 3     Policy                      46,959,056   2,186,425        45,186      9,067 
 
      Approval of Directors' 
 4     Remuneration Report         47,763,623   1,382,528        45,186      8,397 
 
      Election of Bruce 
 5     Thompson                    49,152,075       3,000        43,990        670 
 
      Re-election of Nick 
 6     Jefferies                   49,127,210      26,990        43,990      1,545 
 
      Re-appointment of 
 7     Auditor                     49,141,485      13,760        43,990        500 
 
      Authority to fix Auditor's 
 8     Remuneration                49,152,745       3,000        43,990          0 
 
      Authority to Allot 
 9     Shares                      49,111,193      42,552        43,990      2,000 
 
      Additional Authority 
       to Allot Shares 
 10    (rights issue)              49,112,523      36,552        43,990      6,670 
 
      Authority to Disapply 
       Statutory 
 11    Pre-Emption Rights          49,106,938      48,137        43,990        670 
 
      Additional Authority 
       to Disapply Statutory 
       Pre-Emption Rights 
       (acquisition or specified 
 12    capital investment)         49,086,969      68,051        43,990        724 
 
      Additional Authority 
 13    to Allot Shares             49,021,641     133,433        43,990        670 
 
      Authority to Purchase 
       Company's 
 14    Own Shares                  49,117,815      37,929        43,990          0 
 
      Notice of General 
 15    Meetings                    48,887,973     267,772        43,990          0 
 
      Approval of 2018 Renewed 
       Long-Term Incentive 
 16    Plan                        49,119,681      25,916        45,240      8,897 
 

As at today's date discoverIE Group plc has 73,335,194 ordinary shares in issue.

A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.

Joanna Harkus Madge

Group Company Secretary

For further information please contact:

discoverIE Group plc

Joanna Harkus Madge - Group Company Secretary 01483 544500

Instinctif Partners

Mark Garraway 0207 457 2020

Helen Tarbet

James Gray

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc (previously Acal plc) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.

By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.

The Group employs c.4,000 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of GBP0.4bn. Over the last five years, revenue and underlying earnings per share have more than doubled.

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July 26, 2018 09:40 ET (13:40 GMT)