MIDWICH GROUP PLC

AGM Information • May 9, 2023

National Storage Mechanism | Additional information

RNS Number : 8389Y

Midwich Group PLC

09 May 2023

9 May 2022

Midwich Group plc

("Midwich" or the "Group")

Result of AGM

Midwich Group (AIM: MIDW), a global specialist audio visual ("AV") distributor to the trade market, announces that at the Annual General Meeting held earlier today, all resolutions were duly passed.

Details of the proxy votes received on each resolution by Midwich's Registrar are set out below:

Resolution		In Favour		Against		Withheld	Total votes cast	% ISC voted
Number of votes	%	Number of votes	%	Number of votes
1.	Ordinary resolution to receive and adopt the Company's annual accounts for the financial year ended 31 December 2022	79,849,320	100.00%	160	0.00%	0	79,849,480	87.56%
2.	Ordinary resolution to re-elect Stephen Fenby as a director of the Company.	79,124,451	99.09%	725,029	0.91%	0	79,849,480	87.56%
3.	Ordinary resolution to re-elect Andrew Herbert as a director of the Company.	77,956,260	97.63%	1,893,220	2.37%	0	79,849,480	87.56%
4.	Ordinary resolution to re-elect Mike Ashley as a director of the Company.	78,738,975	98.61%	1,110,505	1.39%	0	79,849,480	87.56%
5.	Ordinary resolution to re-elect Stephen Lamb as a director of the Company.	79,124,451	99.09%	725,029	0.91%	0	79,849,480	87.56%
6.	Ordinary resolution to re-elect Hilary Wright as a director of the Company.	79,849,320	100.00%	160	0.00%	0	79,849,480	87.56%
7.	Ordinary resolution to re-appoint Grant Thornton UK LLP as the Company's auditors.	78,850,009	98.75%	999,471	1.25%	0	79,849,480	87.56%
8.	Ordinary resolution to declare a final dividend for the financial year ended 31 December 2022 of 10.5p per ordinary share.	79,849,320	100.00%	160	0.00%	0	79,849,480	87.56%
9.	Ordinary resolution to approve the Directors' Remuneration Report (excluding the directors' remuneration policy).	78,284,967	98.04%	1,564,513	1.96%	0	79,849,480	87.56%
10.	Ordinary resolution to authorise the directors to allot shares.	79,124,054	99.09%	725,029	0.91%	397	79,849,083	87.56%
11.	Special resolution to disapply pre-emption rights.	79,124,054	99.09%	725,029	0.91%	397	79,849,083	87.56%
12.	Further special resolution to disapply pre-emption rights in circumstances permitted by the Pre-emption Group guidelines.	77,124,054	96.59%	2,725,029	3.41%	397	79,849,083	87.56%

For further information:

Midwich Group plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director	+44 (0) 1379 649200
Investec Bank plc (NOMAD and Joint Broker to Midwich) Carlton Nelson / Ben Griffiths	+44 (0) 20 7597 5970
Berenberg (Joint Broker to Midwich) Ben Wright / Richard Andrews / Arnav Kapoor	+44 (0) 20 3207 7800
FTI Consulting Alex Beagley / Tom Hufton / Rafaella de Freitas	+44 (0) 20 3727 1000

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Group's long-standing relationships with over 600 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and professional audio. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets.

The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of over 22,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.

Initially a UK only distributor, the Group now has around 1,600 employees across the UK and Ireland, EMEA, Asia Pacific and North America. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

For further information, please visit www.midwichgroupplc.com

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