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)
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.
|
3,175,302
|
99.37
|
19,890
|
0.62
|
16
|
0.01
|
3,035
|
|
Resolution 2
(Ordinary)
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.
|
3,067,573
|
95.93
|
19,890
|
0.62
|
110,354
|
3.45
|
426
|
|
Resolution 3
(Ordinary)
To re-appoint Susan Nyman, who was appointed by
the Board on 21 November 2023, as a Director.
|
3,130,448
|
97.88
|
19,890
|
0.62
|
47,840
|
1.5
|
65
|
|
Resolution 4
(Ordinary)
To re-appoint Hon. Alexander Hambro, who
retires by rotation, as a Director.
|
2,895,942
|
90.55
|
19,890
|
0.62
|
282,374
|
8.83
|
37
|
|
Resolution 5
(Ordinary)
To re-appoint Bradley Ormsby, who retires by
rotation, as a Director.
|
3,064,925
|
95.83
|
19,890
|
0.62
|
113,404
|
3.55
|
24
|
|
Resolution 6
(Ordinary)
To re-appoint Mark Lavelle, who retires by
rotation, as a Director.
|
3,031,351
|
94.78
|
19,890
|
0.62
|
146,978
|
4.6
|
24
|
|
Resolution 7
(Ordinary)
To re-appoint Lushani Kodituwakku, who retires
by rotation, as a Director.
|
3,105,732
|
97.11
|
19,890
|
0.62
|
72,556
|
2.27
|
65
|
|
Resolution 8
(Ordinary)
To approve a final dividend of 68.0p per
Ordinary share.
|
3,177,889
|
99.37
|
19,890
|
0.62
|
459
|
0.01
|
5
|
|
Resolution 9
(Ordinary)
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
|
3,178,053
|
99.37
|
19,890
|
0.62
|
222
|
0.01
|
78
|
|
Resolution 10
(Special)
To authorise the directors to allot
relevant securities
|
3,169,725
|
99.12
|
19,890
|
0.62
|
8,185
|
0.26
|
443
|
|
Resolution 11
(Special)
To disapply pre-emption
rights
|
2,781,412
|
86.98
|
19,890
|
0.62
|
396,464
|
12.4
|
477
|
|
Resolution 12
(Special)
To resolve that the company be and
is unconditionally authorised to make market purchases
|
3,106,989
|
99.28
|
19,890
|
0.64
|
2,385
|
0.08
|
68,979
|
The votes received at the General
Meeting are detailed below:
|
Resolution
|
Votes for
|
%
|
Discretion
|
%
|
Votes
against
|
%
|
Votes
withheld
|
|
Resolution 1
(Special)
THAT article 21 of the Company's articles of
association (the Articles) shall be deleted and replaced by
inserting a new article 21
|
2,626,744
|
99.98
|
40
|
0.01
|
43
|
0.01
|
584
|
|
Resolution 2
(Special)
THAT article 22.5(a) of the Articles shall be
amended to delete the words "by rotation or otherwise".
|
2,626,757
|
99.98
|
40
|
0.01
|
30
|
0.01
|
584
|
|
Resolution 3
(Special)
THAT article 26.2 of the Articles shall be
amended to delete the words "by rotation"
|
2,626,394
|
99.98
|
40
|
0.01
|
43
|
0.01
|
934
|
|
Resolution 4
(Ordinary)
To re-appoint David Cicurel, who retires
annually, as a Director.
|
2,535,410
|
96.51
|
40
|
0.01
|
91,436
|
3.48
|
525
|
|
Resolution 5
(Ordinary)
To re-appoint Tim Prestidge, who retires
annually, as a Director.
|
2,532,678
|
96.41
|
40
|
0.01
|
94,168
|
3.58
|
525
|
|
Resolution 6
(Ordinary)
To re-appoint Ralph Elman, who retires
annually, as a Director.
|
1,483,520
|
56.47
|
40
|
0.01
|
1,143,326
|
43.52
|
525
|
|
Resolution 7
(Ordinary)
To re-appoint Charles Holroyd, who retires
annually, as a Director.
|
2,412,756
|
96.03
|
40
|
0.01
|
99,542
|
3.96
|
115,073
|
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
David Cicurel, CEO
Brad Ormsby,
CFO
Tel: +44 (0) 20 3829
6970
|
Shore Capital (Nominated Adviser & Joint
Broker)
Stephane Auton
Harry Davies-Ball
Tel: +44 (0) 20 7408 4090
|
|
|
Liberum (Joint Broker)
Edward Mansfield
Nikhil Varghese
Tel : +44 (0) 20 3100
2222
|
Investec Bank plc (Joint Broker)
Virginia Bull
Carlton Nelson
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