Midwich Group PLC Result of AGM (8464Y)

TIDMMIDW

RNS Number : 8464Y

Midwich Group PLC

13 May 2019

13 May 2019

Midwich Group PLC

("Midwich" or the "Group")

Result of AGM

Midwich Group (AIM: MIDW), a specialist audio visual distributor to the trade market with operations across the UK and Ireland, Continental Europe and Asia Pacific, 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            Withheld    Total 
                                                                                         votes 
                                                                                         cast 
                                     Number of       %      Number      %      Number 
                                         votes            of votes           of votes 
                                   -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to receive and adopt 
        the Company's annual 
        accounts for the 
        financial year ended 
 1.     31 December 2018.           57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-elect Stephen 
        Fenby as a director 
 2.     of the Company.             57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-elect Andrew 
        Herbert as a director 
 3.     of the Company.             56,942,200   99.46     306,914   0.54           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-elect Mike 
        Ashley as a director 
 4.     of the Company.             57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-elect Stephen 
        Lamb as a director 
 5.     of the Company.             57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-elect Hilary 
        Wright as a director 
 6.     of the Company.             57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to re-appoint Grant 
        Thornton UK LLP as 
 7.     the Company's auditors.     56,575,943     100           0      0     673,171   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to declare a final 
        dividend for the 
        financial year ended 
        31 December 2018 
        of 10.60p per ordinary 
 8.     share.                      57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to approve the Directors' 
        Remuneration Report 
        (excluding the directors' 
 9.     remuneration policy).       55,946,181   97.72   1,302,933   2.28           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Ordinary resolution 
        to authorise the 
        directors to allot 
 10.    shares.                     57,105,264   99.75     143,850   0.25           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Special resolution 
        to disapply pre-emption 
 11.    rights.                     57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
       Further special resolution 
        to disapply pre-emption 
        rights in circumstances 
        permitted by the 
        Pre-emption Group 
 12.    guidelines.                 57,249,114     100           0      0           0   57,249,114 
      ---------------------------  -----------  ------  ----------  -----  ----------  ----------- 
 

For further information:

 
 Midwich Group plc                           Tel: +44 (0) 13 
  Stephen Fenby, Managing Director            7964 9200 
  Stephen Lamb, Finance Director 
 Investec Bank plc (NOMAD and Joint Broker   Tel: +44 (0) 20 
  to Midwich)                                 7597 5970 
  James Rudd 
  Carlton Nelson 
 Berenberg (Joint Broker to Midwich)         Tel: +44 (0) 20 
  Ben Wright                                  3207 7800 
  Mark Whitmore 
  Laure Fine 
 FTI Consulting                              Tel: +44 (0) 20 
  Alex Beagley                                3727 1000 
  Tom Hufton 
  Fern Duncan 
 

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe and Asia Pacific. The Group's long-standing relationships with over 400 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.

The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of over 17,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.

Initially a UK only distributor, the Group now has 900 employees across the UK and Ireland, Continental Europe and Asia Pacific. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

For further information, please visit www.midwichgroupplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 13, 2019 08:00 ET (12:00 GMT)