TIDMMRK
RNS Number : 0061J
Marks Electrical Group plc
11 August 2023
Marks Electrical Group plc
(the "Company")
Result of AGM
Marks Electrical Group plc announces that at its Annual General
Meeting held at 11.00 a.m. on 10 August 2023 at its registered
office at 4 Boston Road, Leicester, LE4 1AU, all 14 resolutions put
to members were passed on a poll. Resolutions 1 to 11 were passed
as ordinary resolutions and resolutions 12 to 14 were passed as
special resolutions.
The number of votes cast for and against each of the resolutions
proposed, and the number of votes withheld were as follows:
Resolution Votes for % Votes against % Votes withheld
Resolution 1 (Ordinary)
To receive the Annual Report
and Accounts of the Company
for the financial year
ended 31 March 2023 together
with the Directors' reports
and auditor's report on
those accounts. 87,948,707 100.000% 0 0% 0
----------- --------- -------------- ---------- ---------------
Resolution 2 (Ordinary)
To re-elect Josh Egan as
a director of the Company. 87,948,615 100.000% 0 0% 92
----------- --------- -------------- ---------- ---------------
Resolution 3 (Ordinary)
To re-elect Alyson Fadil
as a director of the Company. 87,948,615 100.000% 0 0% 92
----------- --------- -------------- ---------- ---------------
Resolution 4 (Ordinary)
To re-elect Marnie Millard
as a director of the Company. 87,948,615 100.000% 0 0% 92
----------- --------- -------------- ---------- ---------------
Resolution 5 (Ordinary)
To re-elect Mark Smithson
as a director of the Company. 87,948,615 100.000% 0 0% 92
----------- --------- -------------- ---------- ---------------
Resolution 6 (Ordinary)
To re-elect David Wilkinson
as a director of the Company. 87,939,524 100.000% 0 0% 9,183
----------- --------- -------------- ---------- ---------------
Resolution 7 (Ordinary)
To re-appoint BDO LLP as
auditor of the Company
to hold office until the
conclusion of the next
general meeting at which
accounts are laid before
the Company. 87,947,735 99.999% 880 0.001% 92
----------- --------- -------------- ---------- ---------------
Resolution 8 (Ordinary)
To authorise the Directors
to determine the fees payable
to the auditor. 87,947,735 99.999% 880 0.001% 92
----------- --------- -------------- ---------- ---------------
Resolution 9 (Ordinary)
To declare a final dividend
of 0.66 pence per ordinary
share for the financial
year ended 31 March 2023. 87,948,707 100.000% 0 0% 0
----------- --------- -------------- ---------- ---------------
Resolution 10 (Ordinary)
To approve, on an advisory
basis, the Annual Statement
of the Chair of the Remuneration
Committee and the Annual
Report on Remuneration. 87,946,827 99.998% 1,880 0.002% 0
----------- --------- -------------- ---------- ---------------
Resolution 11 (Ordinary)
To authorise the Directors
to allot shares. 87,948,707 100.000% 0 0% 0
----------- --------- -------------- ---------- ---------------
Resolution 12 (Special)
THAT, subject to resolution
11, the Directors be authorised
to allot Equity Securities
for cash as if section
561 of the CA 2006 did
not apply. 87,947,707 99.999% 1,000 0.001% 0
----------- --------- -------------- ---------- ---------------
Resolution 13 (Special)
THAT, subject to resolution
11 and in addition to 12,
the Directors be authorised
to allot Equity Securities
for cash as if section
561 of the CA 2006 did
not apply. 87,947,707 99.999% 1,000 0.001% 0
----------- --------- -------------- ---------- ---------------
Resolution 14 (Special)
To authorise the Company
to purchase its own shares. 84,473,707 100.000% 0 0% 3,475,000
----------- --------- -------------- ---------- ---------------
As at 10 August 2023, there were 104,949,050 ordinary shares in
issue. Shareholders are entitled to one vote per share. Votes
withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a
resolution.
The full text of each resolution is available in the Notice of
Annual General Meeting, published on our website.
Enquiries:
Marks Electrical Group plc Via Dentons Global Advisors:
Mark Smithson (CEO) Tel: +44 (0)20 7664 5095
Josh Egan (CFO)
Dentons Global Advisors (Financial PR)
Jonathon Brill / James Styles / Fern Duncan
Tel: +44 (0)20 7664 5095
markselectrical@dentonsglobaladvisors.com
Canaccord Genuity (NOMAD and Broker)
Max Hartley (Nomad) / Kit Stephenson (Sales) Tel: +44 (0) 207
886 2500
About Marks Electrical
Marks Electrical is a fast growing, highly scalable, technology
driven e-commerce electricals retailer which sells, delivers,
installs and recycles a wide range of household electrical
products. The Group was founded in Leicester in 1987 by Mark
Smithson and has scaled into a nationwide online retailer with a
compelling growth track record, thanks to its vertically
integrated, low-cost, high-quality operating model, supported by
the ongoing structural shift of consumers to purchase online. The
Group operates within the UK Major Domestic Appliances (MDA) and
Consumer Electronics (CE) market, estimated to be worth
approximately GBP7 billion.
Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,500 products from
over 50 leading brands across its main product categories, which
include Cooking, Refrigeration, Washers & Dryers, Dishwashers
and Audio-Visual. These products are sourced from UK distributors
of the brands, with whom the Group maintains strong and direct
relationships. Marks Electrical delivers direct to customers in its
owned and branded vehicles, operated by the Group's skilled team of
delivery drivers, who are also able to offer installation and
recycling services.
For further information, visit the Marks Electrical corporate
website: https://group.markselectrical.co.uk and its retail
website: https://markselectrical.co.uk/ .
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