Vitec Group PLC (The) AGM Statement (7435Z)

TIDMVTC

RNS Number : 7435Z

Vitec Group PLC (The)

21 May 2019

21 May 2019

The Vitec Group plc

Result of 2019 Annual General Meeting

The Vitec Group plc announces that at the Annual General Meeting held today all resolutions as set out in the Notice of Annual General Meeting dated 20 March 2019 were passed. A poll was conducted on each resolution proposed at the Meeting and the number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:

 
                                                 FOR               AGAINST         WITHHELD 
      Resolution                          Votes cast     %       Votes      %     Votes cast 
                                                                  cast 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To receive and adopt the 
       Annual Report and Accounts 
       for the year ended 31 December 
 1     2018                               34,705,786   99.99         156   0.01        9,304 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To approve the Directors' 
       Remuneration Report, other 
       than the Directors' Remuneration 
       Policy Report, for the 
       year ended 31 December 
 2     2018                               34,299,833   98.81     412,413   1.19        3,000 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To declare a final dividend 
 3     of 25.5p per ordinary share        34,715,246     100           0   0.00            0 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Stephen Bird 
 4     as a director                      34,702,025   99.96      13,094   0.04          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Martin Green 
 5     as a director                      34,699,675   99.96      15,444   0.04          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Kath Kearney-Croft 
 6     as a director                      34,702,025   99.96      13,094   0.04          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Christopher 
 7     Humphrey as a director             34,074,063   98.15     641,056   1.85          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Ian McHoul 
 8     as a director                      33,612,359   96.82   1,102,759   3.18          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Duncan Penny 
 9     as a director                      34,710,348   99.99       4,771   0.01          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Caroline Thomson 
 10    as a director                      34,713,412   99.99       1,707   0.01          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Richard Tyson 
 11    as a director                      34,710,348   99.99       4,771   0.01          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To reappoint Deloitte LLP 
 12    as auditor of the Company          34,567,873   99.58     147,246   0.42          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To authorise Directors 
       to determine the remuneration 
 13    of the auditor                     34,562,159   99.56     152,960   0.44          127 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To renew the authority 
       for Directors to allot 
 14    relevant securities                34,708,765   99.99         622   0.01        5,859 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To authorise Directors 
       to allot relevant securities 
       with the disapplication 
 15    of pre-emption rights**            34,700,318   99.99       4,564   0.01       10,364 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To renew the authority 
       for the Company to make 
       market purchases of its 
 16    own shares**                       34,695,381   99.99       4,178   0.01       15,687 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
      To authorise Directors 
       to call general meetings 
 17    on 14 days' notice**               34,500,585   99.41     204,208   0.59       10,453 
     ----------------------------------  -----------  ------  ----------  -----  ----------- 
 

** denotes a special resolution

The number of shares in issue as at the date of the 2019 Annual General Meeting is 45,285,939.

In accordance with LR 9.6.2 a copy of the resolutions passed under special business at today's Annual General Meeting will be submitted to the National Storage Mechanism.

As previously announced, following the conclusion of the AGM, John McDonough CBE stood down as a director of the Company and Ian McHoul has succeeded him as Chairman.

Jon Bolton

Group Company Secretary

A snapshot of The Vitec Group plc

Vitec is a leading global provider of premium branded products and solutions to the fast moving and growing "image capture and content creation" market.

Vitec's customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and solutions including camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors, bags, motion control and noise reduction equipment.

We employ around 1,800 people across the world in 13 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.

The Vitec Group plc is listed on the London Stock Exchange with 2018 revenue of GBP385.4 million.

More information can be found at: www.vitecgroup.com

LEI number: 2138007H5DQ4X8YOCF14

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May 21, 2019 10:20 ET (14:20 GMT)