Discoverie Group PLC

AGM Information • Aug 19, 2020

National Storage Mechanism | Additional information

RNS Number : 6013W

discoverIE Group plc

19 August 2020

19 August 2020

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
1	Receipt and Adoption of Financial Statements	70,682,791	99.99%	8,463	0.01%	162,160
2	Approval of Directors' Remuneration Report	68,046,592	97.16%	1,991,774	2.84%	815,048
3	Re-election of Malcolm Diamond	66,798,204	97.08%	2,006,601	2.92%	2,048,609
4	Re-election of Nick Jefferies	70,490,028	99.49%	358,667	0.51%	4,719
5	Re-election of Simon Gibbins	70,835,426	99.98%	13,270	0.02%	4,719
6	Re-election of Bruce Thompson	70,753,419	99.87%	95,277	0.13%	4,719
7	Re-election of Tracey Graham	70,753,804	99.87%	95,451	0.13%	4,160
8	Election of Clive Watson	70,845,695	100.00%	3,001	0.00%	4,719
9	Re-appointment of Auditor	70,840,780	99.99%	4,475	0.01%	8,160
10	Authority to fix Auditor's Remuneration	70,846,255	100.00%	3,000	0.00%	4,160
11	Authority to Allot Shares	70,714,906	99.81%	132,325	0.19%	6,184
12	Additional Authority to Allot Shares (rights issue)	70,716,163	99.81%	131,627	0.19%	5,625
13	Authority to Disapply Statutory Pre-Emption Rights	70,836,174	99.99%	7,003	0.01%	10,238
14	Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment)	70,675,319	99.76%	172,416	0.24%	5,679
15	Additional Authority to Allot Shares	65,375,813	92.28%	5,471,922	7.72%	5,679
16	Authority to Purchase Company's Own Shares	70,677,107	99.76%	170,682	0.24%	5,625
17	To authorise scrip dividends	70,847,616	100.00%	174	0.00%	5,625
18	Notice of General Meetings	69,613,278	98.26%	1,234,953	1.74%	5,184
19	To authorise political donations	68,184,230	96.46%	2,504,450	3.54%	164,734
20	To approve the 2020 Company Share Option Plan	70,832,223	99.98%	12,612	0.02%	8,579

As at today's date discoverIE Group plc has 89,455,715 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 Group Company Secretary	01483 544 500
Instinctif Mark Garraway Rosie Driscoll	020 7457 2020

Notes to Editors:

About discoverIE Group plc

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, 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.4,400 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 £450m. Over the last five years, underlying earnings per share has almost doubled.

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