Result of AGM
LEI 213800HBLQNH5FXXGE63
25 August 2026
VOLEX PLC (the "Company")
RESULTS OF ANNUAL GENERAL MEETING
The Annual General Meeting of the Company was held at the offices of GTK (UK) Ltd., Unit C2 Antura, Bond Close, Basingstoke, Hampshire, RG24 8PZ earlier today.
All resolutions were duly passed on a poll and the results of each resolution were as follows:
|
Resolution |
For |
Against |
Votes withheld |
Total Fina Elf votes Cast |
Percentage of issued share capital voted (%) |
|
1. To receive the Company's accounts and the Directors' and Auditor's Reports for the year ended 31 March 2026 |
106,670,334 (99.99%) |
1,424 (0.01%) |
50,921 |
106,671,758 |
58.47% |
|
2. To approve the Directors' remuneration policy (on an advisory basis) |
75,778,990 (71.36%) |
30,418,755 (28.64%) |
524,934 |
106,197,745 |
58.21% |
|
3. To approve the Directors' remuneration report (on an advisory basis) |
91,715,355 (87.50%) |
13,096,491 (12.50%) |
1,910,833 |
104,811,846 |
57.45% |
|
4. To declare a final dividend of 3.2p per ordinary share |
106,713,710 (99.99%) |
2,148 (0.01%) |
6,821 |
106,715,858 |
58.49% |
|
5. To elect Dave Webster as a Director |
106,089,231 (99.42%) |
617,447 (0.58%) |
16,001 |
106,706,678 |
58.49% |
|
6. To re-elect Lord Rothschild as a Director |
102,501,912 (96.06%) |
4,208,476 (3.94%) |
12,291 |
106,710,388 |
58.49% |
|
7. To re-elect Jon Boaden as a Director |
105,796,611 (99.15%) |
905,463 (0.85%) |
20,605 |
106,702,074 |
58.49% |
|
8. To re-elect Sir Peter Westmacott as a Director |
97,051,155 (92.34%) |
8,052,364 (7.66%) |
1,619,160 |
105,103,519 |
57.61% |
|
9. To re-elect Amelia Murillo as a Director |
100,927,044 (96.02%) |
4,180,237 (3.98%) |
1,615,398 |
105,107,281 |
57.61% |
|
10. To re-elect Jeffrey Jackson as a Director |
99,533,934 (93.28%) |
7,172,743 (6.72%) |
16,002 |
106,706,677 |
58.49% |
|
11. To re-elect John Wilson as a Director |
79,223,901 (75.37%) |
25,882,625 (24.63%) |
1,616,153 |
105,106,526 |
57.61% |
|
12. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company |
103,586,693 (97.08%) |
3,110,990 (2.92%) |
24,996 |
106,697,683 |
58.48% |
|
13. To authorise the Directors to fix the auditors' remuneration |
104,388,606 (97.82%) |
2,326,407 (2.18%) |
7,666 |
106,715,013 |
58.49% |
|
14. To authorise the Directors to allot shares or grant subscription or conversion rights under section 551 Companies Act 2006 |
105,901,850 (99.24%) |
806,391 (0.76%) |
14,438 |
106,708,241 |
58.49% |
|
15. To dis-apply statutory pre-emption rights under section 570 of the Companies Act 2006 |
104,596,669 (98.02%) |
2,113,144 (1.98%) |
12,866 |
106,709,813 |
58.49% |
|
16. To further disapply statutory pre-emption rights under section 570 of the Companies Act 2006 in connection with an acquisition or specified capital investment |
102,364,241 (95.93%) |
4,345,496 (4.07%) |
12,942 |
106,709,737 |
58.49% |
|
17. To authorise the Company to make market purchases of its own shares |
106,637,823 (99.96%) |
39,920 (0.04%)
|
44,936 |
106,677,743 |
58.47% |
|
18. To authorise the calling of a general meeting other than an Annual General Meeting on not less than 14 clear days' notice |
105,390,174 (98.76%) |
1,325,027 (1.24%)
|
7,478 |
106,715,201 |
58.49% |
|
19. To adopt the new articles of association of the Company |
106,673,151 (99.97%)
|
31,779 (0.03%)
|
17,749
|
106,704,930
|
58.49%
|
Notes:
(i) Votes 'For' include those votes giving the Chair discretion.
(ii) The number of ordinary shares in issue as at 6.00 p.m. on 21 August 2026 was 182,440,336. Shareholders are entitled to one vote per share.
(iii) A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly Cast .
Full details of the resolutions are set out in the Notice of Annual General Meeting dated 13 July 2026 (which is available on the Company's website at https://www.volex.com/investors).
Resolutions 1 to 14 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be Cast in favour of the resolutions. Resolutions 15 to 19 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be Cast in favour of the resolutions.
Whilst all resolutions were passed, the Board notes that more than 20% of the votes Cast on resolutions 2 and 11 (the former of which is an advisory vote) were against those resolutions. The Board recognises the importance of shareholder feedback and will consult with shareholders to understand their views. In accordance with the UK Corporate Governance Code, the Company will publish an update on shareholder engagement within six months of the AGM.
A copy of all the resolutions passed other than ordinary business at the Annual General Meeting has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
For further information please contact:
Volex plc +44 (0) 1256 442570
Nat Rothschild, Chief Executive Officer Investor .relations@volex.com
Jon Boaden, Chief Financial Officer
Chris Bedford, Group General Counsel & Company Secretary
Peel Hunt LLP - Joint Broker +44 (0) 20 7418 8900
Ed Allsopp
Dom Convey
Asha Chotai
Tom Graham
Jefferies - Joint Broker +44 (0) 20 7029 8000
Philip Noblet
Sam Barnett
Harry Le May
Sodali & Co. - Media Enquiries +44 (0) 20 7250 1446
James White
Peter Lambie
James Whitaker
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