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Synnovia PLC - Result of AGM

RNS Number : 9461K
Synnovia PLC
02 September 2019
 

2nd September 2019

 

 

Synnovia plc

("Synnovia" or the "Company")

 

Result of Annual General Meeting

 

Synnovia plc (AIM: SYN) the specialist manufacturer, held its Annual General Meeting earlier today at which all resolutions were duly passed.

 

A summary of the votes lodged by proxy at the AGM is set out below:

 

  Resolution

In Favour

Against

Number of
votes withheld

Total
votes cast

Number of
votes

%

Number of
votes

%

1

To receive the audited annual accounts and reports of the Company for the year ended
31 March 2019.

8,002,103

93.98

512,574

6.02

0

8,514,677

2

To approve the directors' remuneration report for the year ended 31 March 2019.

8,503,898

99.87

10,779

0.13

0

8,514,677

3

To reappoint Nicholas Ball
as a director of the Company.

8,361,951

100.00

0

0.00

152,726

8,514,677

4

To reappoint Andrew Walker as a director of the Company.

7,849,377

93.87

512,574

6.13

152,726

8,514,677

5

To reappoint KPMG LLP as auditors of the Company from the conclusion of the Annual General Meeting, to hold office until the conclusion of the next annual general meeting of the Company.

8,514,677

100.00

0

0.00

0

8,514,677

6

To authorise the directors to
determine the remuneration of the auditors of the Company.

8,514,677

100.00

0

0.00

0

8,514,677

7

That the Directors be authorised to allot security in accordance with section 551 of the Companies Act 2006.

8,508,898

99.93

5,779

0.07

0

8,514,677

8*

That the Directors be authorised to allot securities otherwise than on a pre-emptive basis.

8,356,951

98.15

157,726

1.85

0

8,514,677

9*

That the Directors be authorised to allot securities otherwise than on a pre-emptive basis used only for the purposes of financing a transaction which the directors determine to be an acquisition or other capital investment.

8,503,898

99.87

10,779

0.13

0

8,514,677

 

* Special Resolution

Notes

·    A vote withheld is not a vote in law and does not count in the total of votes cast.

·    Any proxy appointments which gave discretion to the chairman of the meeting have been included in the "for" total.

·    The issued share capital of the Company eligible to vote on resolutions was 38,995,151 Ordinary Shares of 1p each.

 

 

For further information, please contact:

 

Synnovia plc

Tel: 020 7978 0574

Faisal Rahmatallah, Chairman


Nick Ball, Finance Director




Cenkos Securities

Tel: 020 7397 8900

(Nomad and joint broker)


Mark Connelly


Callum Davidson




Allenby Capital Limited

Tel: 020 3328 5656

(Joint broker)


David Hart




 

Notes to Editors

Synnovia is a specialist manufacturer of industrial components and consumables.  Applications for these products vary widely and examples include:

·    Packaging for the food manufacturing and distribution - films, sacks and pouches

·    Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

·    Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·    Cardboard box manufacture - plastic creasing matrices

 

Synnovia's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

 

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia.  Approximately 50% of its £83 million sales are made outside the UK to more than 80 countries.

 

Further information can be found on www.synnovia.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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