TIDMDSCV

RNS Number : 9687G

discoverIE Group plc

29 July 2021

29 July 2021

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 approved. The following levels of proxy votes were received:

 
      Resolution                              Votes For           Votes Against     Withheld 
      Receipt and Adoption 
       of 
 1     Financial Statements              73,063,418   100.00%           0   0.00%    238,000 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Approval of Directors' 
 2     Remuneration Report               71,560,905    97.78%   1,623,000   2.22%    117,513 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Approval of Directors' 
 3     Remuneration Policy               69,269,506    94.65%   3,914,398   5.35%    117,514 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Re-election of Malcolm 
 4     Diamond                           71,705,603    98.14%   1,356,920   1.86%    238,895 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
 5    Re-election of Nick Jefferies      73,113,493    99.74%     187,031   0.26%        894 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Re-election of Simon 
 6     Gibbins                           73,300,524   100.00%           0   0.00%        894 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Re-election of Bruce 
 7     Thompson                          73,196,857    99.86%     103,667   0.14%        894 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Re-election of Tracey 
 8     Graham                            73,196,682    99.86%     104,294   0.14%        442 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
 9    Election of Clive Watson           73,111,202    99.74%     189,322   0.26%        894 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
 10   Re-appointment of Auditor          73,049,259    99.66%     248,511   0.34%      3,648 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Authority to fix Auditor's 
 11    Remuneration                      73,289,120    99.99%       7,298   0.01%      5,000 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
 12   Authority to Allot Shares          68,406,214    93.32%   4,893,852   6.68%      1,352 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Additional Authority 
 13    to Allot Shares                   68,404,918    93.32%   4,895,148   6.68%      1,352 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Authority to Disapply 
       Statutory 
 14    Pre-Emption Rights                73,295,100   100.00%       3,269   0.00%      3,049 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Additional Authority 
       to Disapply Statutory 
       Pre-Emption Rights (acquisition 
       or specified capital 
 15    investment)                       72,639,046    99.10%     661,020   0.90%      1,352 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Additional Authority 
 16    to Allot Shares                   67,396,293    91.95%   5,903,773   8.05%      1,352 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      Authority to Purchase 
 17    Company's Own Shares              72,687,908    99.66%     245,019   0.34%    367,520 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
 18   Notice of General Meetings         72,149,382    98.43%   1,150,694   1.57%      1,342 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      To authorise political 
 19    donations                         72,196,701    99.33%     486,668   0.67%    617,078 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 
      To approve the 2021 DiscoverIE 
       Group plc Long Term Incentive 
 20    Plan                              72,937,817    99.66%     245,646   0.34%    117,955 
     ---------------------------------  -----------  --------  ----------  ------  --------- 
 

As at today's date discoverIE Group plc has 89,455,915 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                         020 7466 5000 

discoverIE@buchanan.uk.com

Notes to Editors:

discoverIE Group 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. 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 key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation 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 has an ongoing commitment to reducing the impact of its operations on the environment, while its key markets are aligned with a sustainable future.

The Group employs c.4,600 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 in the top quartile of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenues of over GBP450m.

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END

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(END) Dow Jones Newswires

July 29, 2021 11:09 ET (15:09 GMT)

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