27 May 2020
The Vitec Group plc
Result of 2020 Annual General Meeting
The Vitec Group plc announces that at the Annual General Meeting held today all resolutions as set out in the Notice of Annual General Meeting dated 25 March 2020 were passed, with the exception of resolution 4 which was withdrawn in advance of the meeting. The AGM was held as a closed meeting attended by the minimum necessary of two shareholders. A poll was conducted on each resolution proposed at the Meeting and the number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:
| |
|
FOR
|
AGAINST |
WITHHELD |
||
| |
Resolution
|
Votes cast |
% |
Votes cast |
% |
Votes cast |
| 1 |
To receive and adopt the Annual Report and Accounts for the year ended 31 December 2019 |
36,335,435 |
100 |
156 |
0 |
750 |
| 2 |
To approve the Directors' Remuneration Policy Report |
30,806,064 |
88.79 |
3,888,644 |
11.21 |
1,641,632 |
| 3 |
To approve the Directors' Remuneration Report, other than the Directors' Remuneration Policy Report |
31,552,268 |
96.28 |
1,217,753 |
3.72 |
3,566,319 |
| 4 |
WITHDRAWN: To declare a final dividend of 26.7p per ordinary share |
|
|
|
|
|
| 5 |
To reappoint Ian McHoul as a director |
35,210,537 |
96.90 |
1,125,119 |
3.10 |
685 |
| 6 |
To reappoint Stephen Bird as a director |
36,313,374 |
99.94 |
22,282 |
0.06 |
685 |
| 7 |
To reappoint Martin Green as a director |
36,317,982 |
99.95 |
17,674 |
0.05 |
685 |
| 8 |
To reappoint Christopher Humphrey as a director |
35,837,584 |
98.63 |
498,072 |
1.37 |
685 |
| 9 |
To reappoint Duncan Penny as a director |
36,318,800 |
99.95 |
16,856 |
0.05 |
685 |
| 10 |
To re-elect Caroline Thomson as a director |
36,015,232 |
99.12 |
320,658 |
0.88 |
451 |
| 11 |
To re-elect Richard Tyson as a director |
36,318,800 |
99.95 |
16,856 |
0.05 |
685 |
| 12 |
To appoint Deloitte LLP as auditor of the Company |
36,308,866 |
99.95 |
16,924 |
0.05 |
10,551 |
| 13 |
To authorise the Directors to determine the remuneration of the auditor |
36,317,982 |
99.95 |
17,375 |
0.05 |
984 |
| 14 |
To approve new rules for the UK Sharesave Plan |
36,305,456 |
99.95 |
16,885 |
0.05 |
14,000 |
| 15 |
To approve new rules for the International Sharesave Plan |
36,305,456 |
99.95 |
16,885 |
0.05 |
14,000 |
| 16 |
To renew the authority for directors to allot relevant securities |
36,308,987 |
99.96 |
15,254 |
0.04 |
12,100 |
| 17 |
To authorise directors to allot relevant securities with the disapplication of pre-emption rights** |
36,302,536 |
99.94 |
21,705 |
0.06 |
12,100 |
| 18 |
To authorise the Company to make market purchases of its own shares** |
36,143,184 |
99.95 |
19,848 |
0.05 |
173,309 |
| 19 |
To authorise directors to call general meetings on 14 days' notice** |
35,913,995 |
99.28 |
259,627 |
0.72 |
162,719 |
** denotes a special resolution
The number of shares in issue as at the date of the 2020 Annual General Meeting is 45,745,775.
In accordance with LR 9.6.2 a copy of the resolutions passed under special business at today's Annual General Meeting will be submitted to the UK Listing Authority via the Electronic Submission System.
Jon Bolton
Group Company Secretary
A snapshot of The Vitec Group plc
Vitec is a leading global provider of premium branded products and solutions to the fast changing and growing "image capture and content creation" market.
Vitec's customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and solutions including camera supports and accessories, wired and wireless video transmission systems, robotic camera systems, prompters, LED lights, mobile power, monitors, bags, motion control, smartphone accessories, audio capture and noise reduction equipment.
We employ around 1,600 people across the world in 11 different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.
The Vitec Group plc is listed on the London Stock Exchange with 2019 revenue of £376.1 million.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14