Midwich Group PLC Result of AGM (8464Y)
13 May 2019 - 10:00PM
UK Regulatory
TIDMMIDW
RNS Number : 8464Y
Midwich Group PLC
13 May 2019
13 May 2019
Midwich Group PLC
("Midwich" or the "Group")
Result of AGM
Midwich Group (AIM: MIDW), a specialist audio visual distributor
to the trade market with operations across the UK and Ireland,
Continental Europe and Asia Pacific, 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 Withheld Total
votes
cast
Number of % Number % Number
votes of votes of votes
----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to receive and adopt
the Company's annual
accounts for the
financial year ended
1. 31 December 2018. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-elect Stephen
Fenby as a director
2. of the Company. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-elect Andrew
Herbert as a director
3. of the Company. 56,942,200 99.46 306,914 0.54 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-elect Mike
Ashley as a director
4. of the Company. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-elect Stephen
Lamb as a director
5. of the Company. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-elect Hilary
Wright as a director
6. of the Company. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to re-appoint Grant
Thornton UK LLP as
7. the Company's auditors. 56,575,943 100 0 0 673,171 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to declare a final
dividend for the
financial year ended
31 December 2018
of 10.60p per ordinary
8. share. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to approve the Directors'
Remuneration Report
(excluding the directors'
9. remuneration policy). 55,946,181 97.72 1,302,933 2.28 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Ordinary resolution
to authorise the
directors to allot
10. shares. 57,105,264 99.75 143,850 0.25 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Special resolution
to disapply pre-emption
11. rights. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
Further special resolution
to disapply pre-emption
rights in circumstances
permitted by the
Pre-emption Group
12. guidelines. 57,249,114 100 0 0 0 57,249,114
--------------------------- ----------- ------ ---------- ----- ---------- -----------
For further information:
Midwich Group plc Tel: +44 (0) 13
Stephen Fenby, Managing Director 7964 9200
Stephen Lamb, Finance Director
Investec Bank plc (NOMAD and Joint Broker Tel: +44 (0) 20
to Midwich) 7597 5970
James Rudd
Carlton Nelson
Berenberg (Joint Broker to Midwich) Tel: +44 (0) 20
Ben Wright 3207 7800
Mark Whitmore
Laure Fine
FTI Consulting Tel: +44 (0) 20
Alex Beagley 3727 1000
Tom Hufton
Fern Duncan
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with
operations in the UK and Ireland, Continental Europe and Asia
Pacific. The Group's long-standing relationships with over 400
vendors, including blue-chip organisations, support a comprehensive
product portfolio across major audio visual categories such as
large format displays, projectors, digital signage and professional
audio. 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 17,000 customers, most of which are
professional AV integrators and IT resellers serving sectors such
as corporate, education, retail, residential and hospitality.
Although the Group does not sell directly to end users, it believes
that the majority of its products are used by commercial and
educational establishments rather than consumers.
Initially a UK only distributor, the Group now has 900 employees
across the UK and Ireland, Continental Europe 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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END
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