REG - Inspecs Group PLC - Result of AGM

InspecsAnnouncement

06/06/2024 14:00

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RNS Number : 4600R  Inspecs Group PLC  06 June 2024

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                                                                       %           Number of votes  %           Number of votes

         votes
 1.      Ordinary resolution to receive and adopt the Company's annual accounts and      73,109,751  100.00%          0           0.00%            0          73,109,751
         reports
 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        71,892,323  98.34%           1,216,928   1.66%            500        73,109,251

       Company.

 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            73,092,920  99.98%           16,631      0.02%            200        73,109,551
         auditors to hold office from the conclusion of this meeting until the
         conclusion of the next meeting, in accordance with normal practice.
 11.     Ordinary resolution to authorise the directors to determine the remuneration    73,092,810  99.98%           16,631      0.02%            310        73,109,441

       of the auditors

 12.     Ordinary resolution to enable the Company and each of its subsidiaries to make  65,456,002  89.53%           7,651,960   10.47%           1,789      73,107,962

       political donations and expenditure.

 13.     Ordinary resolution to authorise the directors to allot ordinary shares in the  73,089,384  99.97%           20,167      0.03%            200        73,109,551
         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.
 14.     Special resolution to enable the directors to allot, grant options over or      64,488,514  88.21%           8,621,037   11.79%           200        73,109,551
         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.
 15.     Special Resolution to further disapply pre-emption rights in relation to        64,483,674  88.20%           8,624,288   11.80%           1,789      73,107,962
         acquisitions or other capital investments.
 16.     Special resolution to authorise the Company to make market purchases of up to   73,093,120  99.98%           16,631      0.02%            0          73,109,751
         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).

 

 

For further information please contact:

 

 Inspecs Group plc                         via FTI Consulting

 Richard Peck (CEO)                        Tel: +44 (0) 20 3727 1000

 Chris Kay (CFO)

 Peel Hunt (Nominated Adviser and Broker)  Tel: +44 (0) 20 7418 8900

 George Sellar

 Andrew Clark

 FTI Consulting (Financial PR)             Tel: +44 (0) 20 3727 1000

 Alex Beagley

 Harriet Jackson

 Amy Goldup

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 (https://inspecs.com)
 

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