VOLEX PLC — AGM Information 2022

Aug 19, 2022

National Storage Mechanism | Additional information

RNS Number : 6786W

Volex PLC

19 August 2022

19 August 2022

Volex plc

("Volex" or "the Company")

Results of Annual General Meeting, Issue of Equity

and

Total Voting Rights

Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, is pleased to announce the results of its AGM, held earlier today, at which all resolutions were duly passed on a poll.

As a consequence, Volex confirms that, further to the announcement made on 29 July 2022 in relation to the Scrip Dividend Scheme and the receipt by the Company of valid elections from certain shareholders, 377,615 new ordinary shares of 25 pence each (the "Scrip Dividend Shares") will be issued in satisfaction of such elections in respect of the final dividend for the year ended 3 April 2022.

Application will be made to the London Stock Exchange for the Scrip Dividend Shares to be admitted to AIM, with the admission date expected to be on or around 26 August 2022. On admission, the Scrip Dividend Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

The total number of votes received on each resolution put to the AGM is as follows:

	Resolution	Percentage in Favour*	Votes For	Votes Against	Votes Withheld*	Total votes cast	Percentage of issued share capital voted
1.	To receive the audited accounts of the Company for the financial year ended 3 April 2022	99.98%	90,941,617	18,628	138,379	91,098,624	57.40
2.	To approve the Remuneration Committee report	97.00%	88,335,758	2,736,019	26,847	91,098,624	57.40
3.	To declare a final dividend of 2.4 pence per ordinary share for the financial year ended 3 April 2022	99.99%	91,093,782	3,567	1,275	91,098,624	57.40
4.	To re-elect Nathaniel Rothschild as a Director	98.87%	83,437,704	950,938	6,709,982	91,098,624	57.40
5.	To re-elect Jeffrey Jackson as a Director	99.72%	90,831,404	256,266	10,954	91,098,624	57.40
6.	To re-appoint PricewaterhouseCoopers LLP as auditors of the Company	97.21%	88,541,123	2,544,914	12,587	91,098,624	57.40
7.	To authorise the Directors to determine the remuneration of the auditors	97.31%	88,585,035	2,449,911	63,678	91,098,624	57.40
8.	To authorise the Directors to offer the holders of ordinary shares in the Company, to the extent and in the manner determined by the Directors, the right to elect to receive new ordinary shares instead of cash, in respect of all or part of any dividend which may be declared or paid in the period between the date of passing of this Resolution and the conclusion of the Annual General Meeting of the Company to be held in 2025	99.98%	91,016,655	21,806	60,163	91,098,624	57.40
9.	Subject to the passing of Resolution 8, to authorise the Directors to capitalise the appropriate nominal amounts of new shares of the Company allotted pursuant to the Company's Scrip Dividend Scheme out of the sums standing to the credit of any reserve or account of the Company	99.95%	90,994,316	41,801	62,507	91,098,624	57.40
10.	To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 (the "2006 Act")	99.83%	90,880,888	157,573	60,163	91,098,624	57.40
11.	To authorise the Directors to allot equity securities under the authority conferred by Resolution 10 as if section 561 of the 2006 Act did not apply	96.54%	88,092,942	3,158,048	62,507	91,313,497	57.53
12.	To further authorise the Directors, in addition to any authority granted under Resolution 11 and only in connection with an acquisition or specified capital investment, to allot equity securities as if section 561 of the 2006 Act did not apply	96.54%	88,090,914	3,158,959	63,624	91,313,497	57.53
13.	To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act	99.95%	90,924,864	42,823	345,810	91,313,497	57.53

Total Voting Rights

Following the issue of the Scrip Dividend Shares, the Company's total issued share capital will consist of 159,096,324 ordinary shares of 25 pence each with one voting right per share.

As the Company does not hold any shares in treasury, the total number of voting rights in the Company is also 159,096,324 and this figure of ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notes

*A vote withheld is not treated as a vote in law and is not counted in the calculation of the proportion of the votes cast for or against a resolution.

Resolutions 1 to 10 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 11 to 13 were special resolutions, requiring at least 75% support to pass.

The total number of Volex shares in issue at 6.00 p.m. on 17 August 2022, being those eligible to be voted on at the AGM, was 158,718,709.

The full text of each of the resolutions is set out in the Notice of AGM, which is available on the Volex website (www.volex.com) on the "Shareholder Information" page in the Investor Relations section.

For further information please contact:

Volex plc	+44 (0)7971 156 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and Company Secretary
Singer Capital Markets (Nominated Adviser & Joint Broker)	+44 (0)20 7496 3000
Shaun Dobson / George Tzimas
HSBC Bank plc - Joint Broker	+44 (0)20 7991 8888
Simon Alexander / Joe Weaving

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