TT ELECTRONICS PLC

AGM Information • May 13, 2021

National Storage Mechanism | Additional information

RNS Number : 5738Y

TT Electronics PLC

13 May 2021

13 May 2021

TT Electronics plc

("the Company")

Annual General Meeting Results

The Company is pleased to announce that all resolutions put to the Annual General Meeting of the Company held at 11.30 am on 13 May 2021 were duly passed.

A poll was conducted on resolutions 1- 18, the results of the poll were as follows.

RESOLUTION	VOTES FOR (including discretionary)		VOTES AGAINST		% of issued share capital voted	VOTES WITHHELD*
	NUMBER	%	NUMBER	%
1.    Receive Annual report and accounts	140,717,610	99.99%	19,221	0.01%	80.49	19,900
2.    Remuneration report	101,152,644	77.46%	29,430,685	22.54%	74.68	10,173,399
3.    Declare dividend	140,751,383	100.00%	545	0.00%	80.50	4,800
4.    Re-elect Warren Tucker	140,591,337	99.97%	45,937	0.03%	80.43	119,454
5.    Re-elect Richard Tyson	140,715,865	99.99%	20,588	0.01%	80.49	20,275
6.    Re-elect Mark Hoad	140,719,875	99.99%	16,849	0.01%	80.49	20,004
7.    Re-elect Jack Boyer	140,722,596	99.99%	14,128	0.01%	80.49	20,004
8.    Re-elect Alison Wood	128,032,769	95.08%	6,628,059	4.92%	77.01	6,095,900
9.    Re-elect Anne Thorburn	140,714,571	99.99%	19,454	0.01%	80.49	22,703
10.  Re-appoint Deloitte LLP as Auditor	140,232,302	99.98%	26,585	0.02%	80.21	497,841
11.  Auditors' remuneration	140,734,298	99.99%	18,017	0.01%	80.50	4,413
12.  Authority to make political donations	137,746,894	98.29%	2,393,079	1.71%	80.15	616,755
13.  Authority to allot shares	139,098,844	98.94%	1,486,134	1.06%	80.40	10,450
14.  Authority to disapply pre-emption rights (1)**	140,281,951	99.80%	285,769	0.20%	80.39	27,708
15.  Authority to disapply pre-emption rights (2)**	138,624,121	98.62%	1,945,512	1.38%	80.39	25,795
16.  Purchase of own shares**	140,124,250	99.67%	466,099	0.33%	80.40	5,079
17.  Notice of general meetings**	140,196,001	99.75%	355,006	0.25%	80.38	44,421
18.  Adopt Articles of Association**	140,512,487	99.98%	30,854	0.02%	80.38	52,087

* A "vote withheld" is not a vote in law and is not counted in the calculation of the votes "for" and "against" a resolution.

** Special resolution.

The Board notes that, while all of the resolutions at today's Annual General Meeting were passed with the requisite majority, Resolution 2 (Approval of the Remuneration Report) passed with 77% of votes in favour.

Following recent engagement on our Remuneration Report with our major shareholders, we would like to thank those who discussed their views with us. We were reassured that a good majority supported the Remuneration Committee's proposed implementation of the Remuneration Policy for 2020. That said, we acknowledge that some shareholders did not agree.

Following the AGM, the Remuneration Committee will continue to engage with our major shareholders to fully understand their concerns. We will publish an update on our engagement within six months of the AGM, in accordance with the UK Corporate Governance Code.

In accordance with Listing Rule 9.6.2, copies of resolutions (other than the ordinary business resolutions) have been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

L D Boardman

Group Company Secretary

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