MARKS ELECTRICAL GROUP PLC

AGM Information • Aug 11, 2022

National Storage Mechanism | Additional information

RNS Number : 7528V

Marks Electrical Group plc

11 August 2022

For immediate release                                                                                                                                                                 11 August 2022

Marks Electrical Group plc

(the "Company")

Result of AGM

Marks Electrical Group plc announces that at its Annual General Meeting held at 11.00 a.m. on 11 August 2022 at its registered office at 4 Boston Road, Leicester, LE4 1AU, all 13 resolutions put to members were passed on a poll. Resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 and 13 were passed as special resolutions.

The results of the poll (including proxy votes) were as follows:

Resolution	Votes for	%	Votes against	%	Votes withheld
Resolution 1 (Ordinary) To receive the reports of the Directors and the Financial Statements for the year ended 31 March 2022 together with the report of the auditor thereon.	88,138,979	100.000%	0	0.000%	0
Resolution 2 (Ordinary) To elect Josh Egan as a Director.	88,138,887	100.000%	0	0.000%	92
Resolution 3 (Ordinary) To elect Alyson Fadil as a Director.	88,138,887	100.000%	0	0.000%	92
Resolution 4 (Ordinary) To elect Marnie Millard as a Director.	88,138,887	100.000%	0	0.000%	92
Resolution 5 (Ordinary) To elect Mark Smithson as a Director.	88,138,887	100.000%	0	0.000%	92
Resolution 6 (Ordinary) To elect David Wilkinson as a Director.	88,138,887	100.000%	0	0.000%	92
Resolution 7 (Ordinary) To declare a final dividend for the year ended 31 March 2022 of 0.67 pence per share.	88,138,979	100.000%	0	0.000%	0
Resolution 8 (Ordinary) To reappoint BDO LLP as the Company's auditor.	88,132,293	99.996%	3,936	0.004%	2,750
Resolution 9 (Ordinary) To authorise the Directors to determine the fees payable to the auditor.	88,132,293	99.996%	3,936	0.004%	2,750
Resolution 10 (Ordinary) To approve, on an advisory basis, the Statement of the Chair of the Remuneration Committee and the Annual Report on Remuneration.	88,134,043	99.994%	4,936	0.006%	0
Resolution 11 (Ordinary) To authorise the Directors to allot shares.	88,138,979	100.000%	0	0.000%	0
Resolution 12 (Special) To authorise Directors to disapply pre-emption rights.	88,137,979	99.999%	1,000	0.001%	0
Resolution 13 (Special) To authorise the Company to purchase its own shares.	84,073,070	100.000%	0	0.000%	4,065,909

As at 11 August, there were 104,949,050 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.

- Ends -

FOR FURTHER ENQUIRIES:

Enquiries:

Marks Electrical Group plc                                                                   Via Dentons Global Advisors:

Mark Smithson, CEO                                                                              Tel: +44 (0)20 7664 5095

Josh Egan, CFO                                                                                                 

Dentons Global Advisors (Financial PR)

Jonathon Brill                                                                                          markselectrical@dentonsglobaladvisors.com

James Styles                                                                                                     

Fern Duncan                                                                                             Tel: +44 (0)20 7664 5095

Panmure Gordon (NOMAD and Joint Broker)

Oliver Cardigan, Ailsa Macmaster (Corporate Finance)                    Tel: +44 (0) 207 886 2500

Erik Anderson (Corporate Broking)                                        

Berenberg (Joint Broker)

Matthew Armitt / Michelle Wilson / Jack Botros                               Tel: +44 (0) 20 3207 7800

(UK Investment Banking)

About Marks Electrical

Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electricals retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled up into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) market, estimated to be worth approximately £5.4 billion. 

Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 3,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.

For further information, visit the Marks Electrical corporate website:  https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/.

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