TIDMMIDW
RNS Number : 8389Y
Midwich Group PLC
09 May 2023
9 May 2022
Midwich Group plc
("Midwich" or the "Group")
Result of AGM
Midwich Group (AIM: MIDW), a global specialist audio visual
("AV") distributor to the trade market , 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 % ISC
votes voted
cast
Number % Number % Number
of of votes of votes
votes
----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to receive and adopt
the Company's annual
accounts for the financial
year ended 31 December
1. 2022 79,849,320 100.00% 160 0.00% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-elect Stephen
Fenby as a director
2. of the Company. 79,124,451 99.09% 725,029 0.91% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-elect Andrew
Herbert as a director
3. of the Company. 77,956,260 97.63% 1,893,220 2.37% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-elect Mike Ashley
as a director of the
4. Company. 78,738,975 98.61% 1,110,505 1.39% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-elect Stephen
Lamb as a director
5. of the Company. 79,124,451 99.09% 725,029 0.91% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-elect Hilary
Wright as a director
6. of the Company. 79,849,320 100.00% 160 0.00% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to re-appoint Grant
Thornton UK LLP as
7. the Company's auditors. 78,850,009 98.75% 999,471 1.25% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to declare a final
dividend for the financial
year ended 31 December
2022 of 10.5p per
8. ordinary share. 79,849,320 100.00% 160 0.00% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to approve the Directors'
Remuneration Report
(excluding the directors'
9. remuneration policy). 78,284,967 98.04% 1,564,513 1.96% 0 79,849,480 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Ordinary resolution
to authorise the directors
10. to allot shares. 79,124,054 99.09% 725,029 0.91% 397 79,849,083 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Special resolution
to disapply pre-emption
11. rights. 79,124,054 99.09% 725,029 0.91% 397 79,849,083 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
Further special resolution
to disapply pre-emption
rights in circumstances
permitted by the Pre-emption
12. Group guidelines. 77,124,054 96.59% 2,725,029 3.41% 397 79,849,083 87.56%
------------------------------ ----------- -------- ---------- ------ ---------- ----------- -------
For further information:
Midwich Group plc
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director +44 (0) 1379 649200
Investec Bank plc (NOMAD and Joint Broker
to Midwich) +44 (0) 20 7597
Carlton Nelson / Ben Griffiths 5970
Berenberg (Joint Broker to Midwich) +44 (0) 20 3207
Ben Wright / Richard Andrews / Arnav Kapoor 7800
FTI Consulting
Alex Beagley / Tom Hufton / Rafaella de +44 (0) 20 3727
Freitas 1000
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with
operations in the UK and Ireland, EMEA, Asia Pacific and North
America. The Group's long-standing relationships with over 600
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 22,000 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 around 1,600
employees across the UK and Ireland, EMEA, Asia Pacific and North
America. 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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