VOLEX PLC — AGM Information 2023

Jul 27, 2023

National Storage Mechanism | Additional information

RNS Number : 4798H

Volex PLC

27 July 2023

27 July 2023

Volex plc

("Volex" or "the Company")

Results of Annual General Meeting

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.

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

	Resolution	Percentage in Favour	Votes For	Votes Against	Total  Votes Cast	% of issued share capital voted	Votes Withheld*
1.	To receive the audited accounts of the Company for the financial year ended 2 April 2023	99.98%	107,231,818	22,663	107,254,481	59.28%	73,569
2.	To approve the Remuneration Committee Report	95.72%	102,705,873	4,597,213	107,303,086	59.31%	24,964
3.	To declare a final dividend of 2.6 pence per ordinary share for the financial year ended 2 April 2023	99.99%	107,322,754	3,567	107,326,321	59.32%	1,729
4.	To re-elect Dean Moore as a Director	92.84%	99,617,479	7,684,408	107,301,887	59.31%	26,163
5.	To re-appoint PricewaterhouseCoopers LLP as auditors of the Company	98.47%	105,678,991	1,637,789	107,316,780	59.32%	11,270
6.	To authorise the Directors to determine the remuneration of the auditors	99.89%	107,132,446	121,184	107,253,630	59.28%	74,420
7.	To authorise the Directors to allot shares in the Company pursuant to section 551 of the Companies Act 2006 ("2006 Act")	99.67%	106,973,727	349,291	107,323,018	59.32%	5,032
8.	To authorise the disapplication of statutory pre-emption rights under section 570 of the Companies Act 2006	98.55%	105,766,306	1,557,217	107,323,523	59.32%	4,527
9.	To authorise the further disapplication of statutory pre-emption rights under section 570 of the Companies Act 2006 in connection with an acquisition or specified capital investment	96.61%	103,675,355	3,641,119	107,316,474	59.32%	11,576
10.	To authorise the Company to make purchases of its own shares in accordance with section 701 of the 2006 Act	99.96%	107,174,452	42,509	107,216,961	59.26%	111,089

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 7 were ordinary resolutions, requiring a simple majority of votes cast to pass, while resolutions 8 to 10 were special resolutions, requiring at least 75% support to pass.

The total number of Volex shares in issue at 6.00 p.m. on 25 July 2023, being those eligible to be voted on at the AGM, was 180,925,266.

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
Chris Bedford, Group General Counsel and Company Secretary
Peel Hunt LLP - Nominated Adviser & Joint Broker Ed Allsopp Tom Ballard Ben Harrington	+44 (0)20 7418 8900
HSBC Bank plc - Joint Broker Simon Alexander Joe Weaving	+44 (0)20 7991 8888

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