TIDMSPEC
RNS Number : 5685R
Inspecs Group PLC
30 June 2020
30 June 2020
Inspecs Group plc
("Inspecs" the "Company" or "the Group")
Result of AGM
Inspecs Group plc, a designer, manufacturer and distributor of
eyewear frames to global retail chains, announces that at the
Annual General Meeting held earlier today, all resolutions were
duly passed.
Resolution For 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 2019. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Lord
MacLaurin as a director
2. of the Company. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Robin
Totterman as a director
3. of the Company. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Christopher
Kay as a director
4. of the Company. 64,757,311 100.00% 3,209 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Christopher
Hancock as a director
5. of the Company. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Richard
Peck as a director
6. of the Company. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-elect Angela
Farrugia as a director
7. of the Company. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to re-appoint Ernst
& Young LLP as the
Company's auditors
to hold office from
the conclusion of
this meeting until
the conclusion of
the next meeting,
in accordance with
8. normal practice. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to authorise the
directors to determine
the remuneration
9. of the auditors 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to enable the Company
and each of its subsidiaries
to make political
10. donations. 50,340,553 91.74% 4,530,758 8.26% 9,889,209 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Ordinary resolution
to authorise the
directors to allot
ordinary shares in
the Company up to
a maximum nominal
amount of GBP235,818
and up to a further
maximum nominal amount
of GBP235,818 where
the allotment is
in connection with
an offer by way of
11. a rights issue. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Special resolution
to enable the directors
to allot, grant options
over or otherwise
dispose of equity
securities for cash
or sell treasury
shares for cash up
to a maximum aggregate
nominal amount of
GBP35,372.70 as if
pre-emption rights
did not apply to
12. such allotment. 54,874,520 100.00% 0 0.00% 9,886,000 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Special Resolution
to further disapply
pre-emption rights
in relation to acquisitions
or other capital
13. investments. 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
Special resolution
to authorise the
Company to make market
purchases of up to
7,074,539 ordinary
shares (which represents
approximately 10
per cent of the Company's
ordinary shares (excluding
treasury shares)
in issue on 21 May
14. 2020). 64,760,520 100.00% 0 0.00% 0 64,760,520
------------------------------ ----------- -------- ---------- ------ ---------- -----------
For further information please contact:
Inspecs Group plc via FTI Consulting
Robin Totterman (CEO) Tel: +44 (0) 20
Chris Kay (CFO) 3727 1000
Peel Hunt (Nominated Adviser and Broker) Tel: +44 (0) 20
Adrian Trimmings 7418 8900
Andrew Clark
FTI Consulting (Financial PR) Tel: +44 (0) 20
Alex Beagley 3727 1000
James Styles
Fern Duncan
Alice Newlyn
About Inspecs Group plc
Inspecs is a designer, manufacturer and distributor of eyewear
frames. The Group produces a broad range of frames, covering
optical, sunglasses and safety, which are either "Branded" (either
under licence or under the Group's own proprietary brands), or
"OEM" (including private label on behalf of retail customers and
un-branded). As one of only a few companies that can offer this
one-stop-shop solution to global retail chains, Inspecs is well
positioned to continue to take market share in the globally
expanding eyewear market.
Inspecs customers include global optical and non-optical
retailers, global distributors and independent opticians, with its
distribution network covering over 80 countries and reaching
approximately 30,000 points of sale. In FY19, the Group generated
24.9 per cent. of its revenue in the UK and 75.1 per cent.
internationally.
Today Inspecs has operations across the globe: with offices in
the UK, Portugal, Scandinavia, the US and China (Hong Kong, Macau
and Shenzhen), and manufacturing facilities in Vietnam, China,
London and more recently, Italy.
The Group's growth strategy going forward is to: (i) continue to
grow organically; (ii) undertake further acquisitions (and drive
value through leveraging the Group's internal capabilities); and
(iii) extend the Group's manufacturing capacity.
More information is available at: https://inspecs.com
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END
RAGFMMJTMTMJBAM
(END) Dow Jones Newswires
June 30, 2020 09:09 ET (13:09 GMT)
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