Discoverie Group PLC

AGM Information • Jul 28, 2022

National Storage Mechanism | Additional information

RNS Number : 1235U

discoverIE Group plc

28 July 2022

28 July 2022

discoverIE Group plc

Results of Annual General Meeting

discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer and manufacturer of customised electronics for industrial applications, 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	81,101,653	99.71%	238,000	0.29%	200
2	Approval of Final Dividend	81,339,653	100.00%	0	0.00%	200
3	Approval of Directors' Remuneration Report	76,868,179	94.51%	4,467,574	5.49%	4,100
4	Re-election of Malcolm Diamond	68,430,409	86.43%	10,743,627	13.57%	2,165,817
5	Re-election of Nick Jefferies	75,520,768	92.84%	5,818,410	7.15%	675
6	Re-election of Simon Gibbins	81,336,178	99.99%	3,000	0.00%	675
7	Re-election of Bruce Thompson	76,232,521	93.72%	5,107,132	6.28%	200
8	Re-election of Tracey Graham	72,852,333	89.57%	8,482,320	10.43%	5,200
9	Re-election of Clive Watson	70,805,474	92.96%	5,363,594	7.04%	5,170,785
10	Election of Rosalind Kainyah	76,986,914	94.65%	4,352,739	5.35%	200
11	Re-appointment of Auditor	81,090,769	99.69%	248,299	0.31%	785
12	Authority to fix Auditor's Remuneration	81,326,270	99.98%	10,883	0.01%	200
13	Authority to Allot Shares	72,991,829	89.74%	8,347,824	10.26%	200
14	Additional Authority to Allot Shares	72,955,771	89.69%	8,383,297	10.31%	785
15	Authority to Disapply Statutory Pre-Emption Rights	81,333,252	99.99%	4,401	0.01%	2,200
16	Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment)	81,040,130	99.63%	297,523	0.37%	2,200
17	Additional Authority to Allot Shares	72,191,237	88.75%	9,146,416	11.24%	2,200
18	Authority to Purchase Company's Own Shares	80,344,364	99.70%	238,785	0.30%	756,704
19	Notice of General Meetings	76,822,080	94.45%	4,515,573	5.55%	2,200
20	To authorise political donations	80,467,760	99.36%	512,858	0.63%	359,235

As at today's date discoverIE Group plc has 95,456,109 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, Jack Devoy     020 7466 5000

discoverIE@buchanan.uk.com

Notes to Editors:

discoverIE Group plc is an international group of businesses that designs and manufactures innovative electronic components for industrial applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. 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 sustainable key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, electrification of transportation and industrial automation & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment and with its key markets aligned with a sustainable future, MSCI has awarded the Group an ESG "A" rating. 

The Group employs c.5,000 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America.

discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE250, classified within the Electrical Components and Equipment subsector.

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