MIDWICH GROUP PLC

AGM Information • May 14, 2024

National Storage Mechanism | Additional information

RNS Number : 4242O

Midwich Group PLC

14 May 2024

14 May 2024

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		Total votes cast	% ISC voted	Withheld votes
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 2023	84,816,933	100.00%	0	0.00%	84,816,933	81.36%	0
2.	Ordinary resolution to re-elect Stephen Fenby as a director of the Company.	84,816,933	100.00%	0	0.00%	84,816,933	81.36%	0
3.	Ordinary resolution to re-elect Andrew Herbert as a director of the Company.	83,305,649	98.75%	1,053,789	1.25%	84,359,438	80.92%	457,495
4.	Ordinary resolution to re-elect Mike Ashley as a director of the Company.	84,076,933	99.13%	740,000	0.87%	84,816,933	81.36%	0
5.	Ordinary resolution to re-elect Stephen Lamb as a director of the Company.	84,812,868	100.00%	4,065	0.00%	84,816,933	81.36%	0
6.	Ordinary resolution to re-elect Hilary Wright as a director of the Company.	84,816,933	100.00%	0	0.00%	84,816,933	81.36%	0
7.	Ordinary resolution to re-elect Alison Seekings as a director of the Company.	84,816,933	100.00%	0	0.00%	84,816,933	81.36%	0
8.	Ordinary resolution to re-appoint Grant Thornton UK LLP as the Company's auditors.	83,634,569	98.61%	1,182,364	1.39%	84,816,933	81.36%	0
9.	Ordinary resolution to declare a final dividend for the financial year ended 31 December 2023 of 11.0p per ordinary share.	84,816,933	100.00%	0	0.00%	84,816,933	81.36%	0
10.	Ordinary resolution to approve the Directors' Remuneration Report (excluding the directors' remuneration policy).	82,935,854	97.78%	1,880,682	2.22%	84,816,536	81.36%	397
11.	Ordinary resolution to authorise the directors to allot shares.	83,351,667	98.27%	1,464,869	1.73%	84,816,536	81.36%	397
12.	Special resolution to disapply pre-emption rights.	83,345,678	98.27%	1,470,858	1.73%	84,816,536	81.36%	397
13.	Further special resolution to disapply pre-emption rights in circumstances permitted by the Pre-emption Group guidelines.	83,345,678	98.27%	1,470,858	1.73%	84,816,536	81.36%	397
14.	Further special resolution that the Company be generally and unconditionally authorised for the purposes of Section 701 of the CA 2006 to make market purchases of the Company's own shares.	71,400,053	100.00%	946	0.00%	71,400,999	68.49%	13,415,934
15.	Further special resolution to ratify certain dividend payments between 2018-2023.	67,344,647	100.00%	0	0.00%	67,344,647	64.60%	17,472,286

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	+44 (0) 20 3207 7800
FTI Consulting Alex Beagley / Tom Hufton / Matthew Young	+44 (0) 20 3727 1000 midwich@fticonsulting.com

About Midwich Group

Midwich Group is a specialist AV distributor, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Group's long-standing relationships with over 800 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as displays, projectors, technical AV, broadcast, professional audio, lighting and unified communications. 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 24,000 trade customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality.

Initially a UK only distributor, the Group now has approximately 1,900 employees across the UK and Ireland, EMEA, North America and Asia Pacific. 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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