REG - Judges ScientificPLC - Result of AGM and GM

Judges ScientificAnnouncement

21/05/2024 17:30

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RNS Number : 3564P  Judges Scientific PLC  21 May 2024

21 May 2024

Judges Scientific plc

(the "Group" or "Judges")

Result of Annual General Meeting and General Meeting

Judges Scientific (AIM: JDG), a group focused on acquiring and developing
companies in the scientific instrument sector, announces that, at the Annual
General Meeting ("AGM") held earlier today, all of the resolutions put to
shareholders were duly passed. In addition, at the General Meeting held
immediately after the AGM, all of the resolutions put to shareholders were
duly passed.

The votes received at the AGM are detailed below:

 Resolution                                                                       Votes for  %      Discretion  %     Votes against  %     Votes withheld
 Resolution 1 (Ordinary)                                                          3,175,302  99.37  19,890      0.62  16             0.01  3,035

 To receive and, if approved, adopt the audited financial statements of the
 Company for the year ended 31 December 2023 and the reports of the Directors
 and auditor thereon.
 Resolution 2 (Ordinary)                                                          3,067,573  95.93  19,890      0.62  110,354        3.45  426

 To approve both the Remuneration Policy and the Remuneration Report (other
 than the part containing the Remuneration Policy) as respectively set out in
 the Annual Report and Accounts 2023.
 Resolution 3 (Ordinary)                                                          3,130,448  97.88  19,890      0.62  47,840         1.5   65

 To re-appoint Susan Nyman, who was appointed by the Board on 21 November 2023,
 as a Director.
 Resolution 4 (Ordinary)                                                          2,895,942  90.55  19,890      0.62  282,374        8.83  37

 To re-appoint Hon. Alexander Hambro, who retires by rotation, as a Director.
 Resolution 5 (Ordinary)                                                          3,064,925  95.83  19,890      0.62  113,404        3.55  24

 To re-appoint Bradley Ormsby, who retires by rotation, as a Director.
 Resolution 6 (Ordinary)                                                          3,031,351  94.78  19,890      0.62  146,978        4.6   24

 To re-appoint Mark Lavelle, who retires by rotation, as a Director.
 Resolution 7 (Ordinary)                                                          3,105,732  97.11  19,890      0.62  72,556         2.27  65

 To re-appoint Lushani Kodituwakku, who retires by rotation, as a Director.
 Resolution 8 (Ordinary)                                                          3,177,889  99.37  19,890      0.62  459            0.01  5

 To approve a final dividend of 68.0p per Ordinary share.
 Resolution 9 (Ordinary)                                                          3,178,053  99.37  19,890      0.62  222            0.01  78

 To approve the re-appointment of BDO UK LLP as auditor to hold office formally
 from the conclusion of this meeting until the conclusion of the next
 Resolution 10 (Special)                                                          3,169,725  99.12  19,890      0.62  8,185          0.26  443

 To authorise the directors to allot relevant securities
 Resolution 11 (Special)                                                          2,781,412  86.98  19,890      0.62  396,464        12.4  477

 To disapply pre-emption rights
 Resolution 12 (Special)                                                          3,106,989  99.28  19,890      0.64  2,385          0.08  68,979

 To resolve that the company be and is unconditionally authorised to make
 market purchases

 

The votes received at the General Meeting are detailed below:

 Resolution                                                                      Votes for  %      Discretion  %     Votes against  %      Votes withheld
 Resolution 1 (Special)                                                          2,626,744  99.98  40          0.01  43             0.01   584

 THAT article 21 of the Company's articles of association (the Articles) shall
 be deleted and replaced by inserting a new article 21
 Resolution 2 (Special)                                                          2,626,757  99.98  40          0.01  30             0.01   584

 THAT article 22.5(a) of the Articles shall be amended to delete the words "by
 rotation or otherwise".
 Resolution 3 (Special)                                                          2,626,394  99.98  40          0.01  43             0.01   934

 THAT article 26.2 of the Articles shall be amended to delete the words "by
 rotation"
 Resolution 4 (Ordinary)                                                         2,535,410  96.51  40          0.01  91,436         3.48   525

 To re-appoint David Cicurel, who retires annually, as a Director.
 Resolution 5 (Ordinary)                                                         2,532,678  96.41  40          0.01  94,168         3.58   525

 To re-appoint Tim Prestidge, who retires annually, as a Director.
 Resolution 6 (Ordinary)                                                         1,483,520  56.47  40          0.01  1,143,326      43.52  525

 To re-appoint Ralph Elman, who retires annually, as a Director.
 Resolution 7 (Ordinary)                                                         2,412,756  96.03  40          0.01  99,542         3.96   115,073

 To re-appoint Charles Holroyd, who retires annually, as a Director.

 

The Board notes that more than 20% of shareholders voted against resolution
six at the General Meeting.  The Board intends to consult with shareholders
to understand their views.

Details of the votes cast on all resolutions will also be available on the
Company's website: www.judges.uk.com.

-     Ends -

 For further information please contact:

 Judges Scientific plc                     Shore Capital (Nominated Adviser & Joint Broker)

 David Cicurel, CEO                        Stephane Auton

 Brad Ormsby, CFO                          Harry Davies-Ball

 Tel: +44 (0) 20 3829 6970                 Tel: +44 (0) 20 7408 4090

 Liberum (Joint Broker)                    Investec Bank plc (Joint Broker)

 Edward Mansfield                          Virginia Bull

 Nikhil Varghese                           Carlton Nelson

 Tel : +44 (0) 20 3100 2222                Tel: +44 (0) 207 597 4000

 Alma (Financial Public Relations)

 Sam Modlin

 Rebecca Sanders-Hewett

 Joe Pederzolli

 Tel: +44 (0) 20 3405 0205

 judges@almastrategic.com

 

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and
developing companies in the scientific instrument sector.  The Group now
consists of 23 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to
a diverse range of markets including: higher education institutions,
scientific research facilities, manufacturers and regulatory authorities.
The UK is a recognised centre of excellence for scientific instruments.
The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long
term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that
generate sustainable profits and cash.  Shareholder returns are created
through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com
(https://url.avanan.click/v2/___http:/www.judges.uk.com/___.YXAxZTpzaG9yZWNhcDphOm86M2M4NzY3NGU5MjMxNzExOWZjYjg5ODlkYjkxNmZmZDI6NjoxMTMwOjk3ZWNjN2I3YmJmODJiYTYyYzE0NjI5NzI5NzQzMTEzY2NkOWJlMDYxNWM5OTcyYTU2YmJhNGU0NDYyNGRkNzI6cDpU)

 

 

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