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
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| HSBC Bank plc - Joint Broker Simon Alexander Joe Weaving | +44 (0)20 7991 8888 |
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