TIDMTGP
RNS Number : 6602A
Tekmar Group PLC
30 September 2020
30 September 2020
TEKMAR GROUP PLC
("Tekmar Group" or "the Company")
Results of AGM & CEO update
Tekmar Group (AIM: TGP), announces that its 2020 Annual General
Meeting ("AGM") was held today at 10:00 am and that all the
resolutions, as set out in its formal Notice of Meeting dated 26
August 2020, were duly passed. The voting results are included in
the table below.
Update on CEO appointment
While Alasdair Macdonald continues to lead the business as
Executive Chairman, the formal process to recruit and appoint a new
CEO is nearing conclusion with a shortlist of candidates being
interviewed next week. We expect to be able to announce the
conclusion of this in mid-October, followed by a trading update
around the end of October.
AGM voting results
Resolution Votes % Votes % Total % ISC Votes
For Against Votes Withheld
cast (excl.
withheld)
1. Receive
Annual Report
and Accounts 33,779,719 100.00% 0 0.00% 33,779,719 65.90% 2,169
----------- -------- ---------- ------ ------------- ------- ----------
2. Re-appoint
KPMG LLP 31,985,843 94.69% 1,794,364 5.31% 33,780,207 65.90% 1,681
----------- -------- ---------- ------ ------------- ------- ----------
3. Power to
determine
auditor Remuneration 31,991,943 94.71% 1,788,264 5.29% 33,780,207 65.90% 1,681
----------- -------- ---------- ------ ------------- ------- ----------
4. Power to
allot shares 33,213,354 98.40% 540,617 1.60% 33,753,971 65.90% 27,917
----------- -------- ---------- ------ ------------- ------- ----------
5. Power to
allot equity
securities
for cash 33,717,891 99.89% 37,623 0.11% 33,755,514 65.90% 26,374
----------- -------- ---------- ------ ------------- ------- ----------
6. Power to
allot equity
securities
for capital
investment 33,724,148 99.91% 29,823 0.09% 33,753,971 65.90% 27,917
----------- -------- ---------- ------ ------------- ------- ----------
Enquiries:
Tekmar Group plc
Alasdair Macdonald, Executive Chairman
Sue Hurst, Chief Financial Officer +44 (0)1325 379 520
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Jen Clarke +44 (0)20 7383 5100
Berenberg (Broker)
Chris Bowman / Ben Wright / Richard Salmond +44 (0)20 3207 7800
Belvedere Communications (Financial PR) TekmarPR@belvederepr.com
Cat Valentine +44 (0) 7715 769 078
Keeley Clarke +44 (0) 7967 816 525
About Tekmar Group plc - www.tekmargroup.com
Tekmar Group plc's vision is to be the leading provider of
technology and services for the global offshore energy markets. The
Group has five primary operating companies; these are Tekmar Energy
Limited, Subsea Innovation Limited, AgileTek Engineering Limited,
Ryder Geotechnical Limited and Pipeshield International
limited.
Tekmar Energy is a global market leader in protection systems
for subsea cable, umbilical and flexible pipe. Tekmar Energy has
been trusted to protect billions of Euros worth of assets in the
offshore wind, oil & gas, wave, tidal and interconnector
markets since 1985.
Subsea Innovation is a global leader in the design, manufacture
and supply of complex engineered equipment and technology used in
the offshore energy market. Its products include large equipment
handling systems which operate on the back of pipelay installation
vessels; emergency pipeline repair clamps (EPRC) which protect
major oil and gas pipelines, and bespoke equipment for use in the
construction of offshore energy projects.
AgileTek Engineering is an award-winning subsea engineering
consultancy for offshore energy projects. AgileTek helps its
clients de-risk projects through advanced computer simulation and
analysis. AgileDat, a division of AgileTek, provides software
development, cloud architecture and data analytics services.
Ryder Geotechnical provides expert geotechnical design and
consulting services to the offshore wind and subsea oil and gas
sectors. Services include offshore structure foundation design,
geohazard assessment and subsea cable routing and burial
assessment.
Pipeshield International is a market leading provider of
specialised subsea protection solutions in the form of concrete
mattresses used for the stabilisation and impact protection of
subsea equipment in areas where they cannot be buried and further
to limit the development of scour (seabed erosion) particularly
local to that of a foundation, pipeline or in marine ports.
Tekmar Energy and Tekmar Group plc is headquartered in Newton
Aycliffe in the United Kingdom; AgileTek operates from an office in
London; Subsea Innovation has its head office and manufacturing
centre in Darlington, United Kingdom. Ryder operates in Newcastle
and within AgileTek London, Pipeshield headquarters are in
Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group
plc also has strategic supply bases and representation across
Europe, Africa, the Middle East and Asia Pacific.
Subscribe to further news from around the Group at Group
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END
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