6
June 2024
Inspecs Group
plc
("Inspecs" the "Company" or
"the Group")
Result of
AGM
Inspecs Group plc, a leading
designer, manufacturer, and distributor of eyewear (sunglasses,
optical frames, lenses and low vision products), announces that at
the Annual General Meeting held earlier today, all resolutions were
duly passed.
Resolution
|
For
|
Against
|
Withheld
|
Total votes
cast
|
Number of
votes
|
%
|
Number of
votes
|
%
|
Number of
votes
|
|
1.
|
Ordinary resolution to receive and
adopt the Company's annual accounts and reports
|
73,109,751
|
100.00%
|
0
|
0.00%
|
0
|
73,109,751
|
2.
|
Ordinary resolution to approve the
directors' remuneration report
|
71,889,177
|
98.33%
|
1,219,764
|
1.67%
|
810
|
73,108,941
|
3.
|
Ordinary resolution to re-elect
Robin Totterman as a director of the Company.
|
71,892,523
|
99.97%
|
19,882
|
0.03%
|
1,197,346
|
71,912,405
|
4.
|
Ordinary resolution to re-elect
Richard Peck as a director of the Company.
|
73,089,369
|
99.97%
|
19,882
|
0.03%
|
500
|
73,109,251
|
5.
|
Ordinary resolution to re-elect
Christopher Kay as a director of the Company.
|
55,266,609
|
75.59%
|
17,842,642
|
24.41%
|
500
|
73,109,251
|
6.
|
Ordinary resolution to re-elect
Christopher Hancock as a director of the Company.
|
71,892,323
|
98.34%
|
1,216,928
|
1.66%
|
500
|
73,109,251
|
7.
|
Ordinary resolution to re-elect
Angela Farrugia as a director of the Company.
|
73,089,369
|
99.97%
|
20,382
|
0.03%
|
0
|
73,109,751
|
8.
|
Ordinary resolution to elect Shaun
Smith as a director of the Company.
|
71,915,071
|
98.37%
|
1,194,180
|
1.63%
|
500
|
73,109,251
|
9.
|
Ordinary resolution to elect Hugo
Adams as a director of the Company.
|
73,089,369
|
99.97%
|
19,882
|
0.03%
|
500
|
73,109,251
|
10.
|
Ordinary resolution to re-appoint
Ernst & Young LLP as the Company's auditors to hold office from
the conclusion of this meeting until the conclusion of the next
meeting, in accordance with normal practice.
|
73,092,920
|
99.98%
|
16,631
|
0.02%
|
200
|
73,109,551
|
11.
|
Ordinary resolution to authorise the
directors to determine the remuneration of the auditors
|
73,092,810
|
99.98%
|
16,631
|
0.02%
|
310
|
73,109,441
|
12.
|
Ordinary resolution to enable the
Company and each of its subsidiaries to make political donations
and expenditure.
|
65,456,002
|
89.53%
|
7,651,960
|
10.47%
|
1,789
|
73,107,962
|
13.
|
Ordinary resolution to authorise the
directors to allot ordinary shares in the Company up to a maximum
nominal amount of £338,905.08 and up to a further
maximum nominal amount of
£338,905.08 where the allotment is in connection with an offer by
way of a rights issue.
|
73,089,384
|
99.97%
|
20,167
|
0.03%
|
200
|
73,109,551
|
14.
|
Special resolution to enable the
directors to allot, grant options over or otherwise dispose of
equity securities for cash or sell treasury shares for cash up to a
maximum aggregate nominal amount of £101,671.52 as if pre-emption
rights did not apply to such allotment.
|
64,488,514
|
88.21%
|
8,621,037
|
11.79%
|
200
|
73,109,551
|
15.
|
Special Resolution to further
disapply pre-emption rights in relation to acquisitions or other
capital investments.
|
64,483,674
|
88.20%
|
8,624,288
|
11.80%
|
1,789
|
73,107,962
|
16.
|
Special resolution to authorise the
Company to make market purchases of up to 10,167,152 ordinary
shares (which represents approximately 10 per cent of the Company's
ordinary shares (excluding treasury shares) in issue on 31 December
2023).
|
73,093,120
|
99.98%
|
16,631
|
0.02%
|
0
|
73,109,751
|
For
further information please contact:
Inspecs Group plc
Richard Peck (CEO)
Chris Kay (CFO)
|
via
FTI Consulting
Tel: +44 (0) 20 3727 1000
|
Peel Hunt (Nominated Adviser and Broker)
George Sellar
Andrew Clark
|
Tel: +44 (0) 20 7418 8900
|
FTI
Consulting (Financial PR)
Alex Beagley
Harriet Jackson
Amy Goldup
|
Tel: +44 (0) 20 3727 1000
|
About Inspecs Group plc
INSPECS is a leading provider of
eyewear solutions to the global eyewear market. The Group produces
a broad range of eyewear frames, low vision aids and lenses,
covering optical, sunglasses and safety, which are either "Branded"
(under licence or under the Group's own proprietary brands), or
"OEM" (unbranded or private label on behalf of retail
customers).
INSPECS is building a global eyewear
business through its vertically integrated business model. Its
continued growth is underpinned by six core pillars: increasing the
penetration of its own-brand portfolio, increasing distribution,
growing its travel retail markets, maximising group synergies,
expanding its manufacturing capacity and scaling the research and
development department as it develops new and innovative eyewear
products.
The Group has operations across the
globe: with offices and subsidiaries in the UK, Germany, Portugal,
Scandinavia, the US and China (including Hong Kong, Macau and
Shenzhen), and manufacturing facilities in Vietnam, China, the UK
and Italy.
INSPECS customers are global optical
and non-optical retailers, global distributors and independent
opticians. Its distribution network covers over 80 countries and
reaches approximately 75,000 points of sale.
More information is available
at: https://inspecs.com