Discoverie Group PLC — AGM Information 2018

Jul 26, 2018

National Storage Mechanism | Additional information

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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 Discretion	Withheld
1	Receipt and Adoption of Financial Statements	43,300,859	5,854,905	43,970	0
2	Approval of Final Dividend	49,155,745	0	43,990	0
3	Approval of Remuneration Policy	46,959,056	2,186,425	45,186	9,067
4	Approval of Directors' Remuneration Report	47,763,623	1,382,528	45,186	8,397
5	Election of Bruce Thompson	49,152,075	3,000	43,990	670
6	Re-election of Nick Jefferies	49,127,210	26,990	43,990	1,545
7	Re-appointment of Auditor	49,141,485	13,760	43,990	500
8	Authority to fix Auditor's Remuneration	49,152,745	3,000	43,990	0
9	Authority to Allot Shares	49,111,193	42,552	43,990	2,000
10	Additional Authority to Allot Shares (rights issue)	49,112,523	36,552	43,990	6,670
11	Authority to Disapply Statutory Pre-Emption Rights	49,106,938	48,137	43,990	670
12	Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment)	49,086,969	68,051	43,990	724
13	Additional Authority to Allot Shares	49,021,641	133,433	43,990	670
14	Authority to Purchase Company's Own Shares	49,117,815	37,929	43,990	0
15	Notice of General Meetings	48,887,973	267,772	43,990	0
16	Approval of 2018 Renewed Long-Term Incentive 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 £0.4bn. Over the last five years, revenue and underlying earnings per share have more than doubled.

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