7 August 2025
MARKS ELECTRICAL GROUP PLC
(the "Company")
Result of 2025 Annual General Meeting
Marks Electrical Group Plc (LSE: MRK) announces that at the Company's 2025 Annual General Meeting held today, all resolutions were passed on poll and the results of the poll, including the proxy votes received, are set out below.
Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 13 (inclusive) were proposed as special resolutions.
| No. |
Resolution |
Votes For1 |
% |
Votes Against |
% |
Total votes validly cast |
Total votes cast as % of issued share capital2 |
Votes Withheld3 |
| 1 |
To receive the Annual Report and Accounts of the Company for the financial year ended 31 March 2025 together with the Directors' report and auditors report |
89,624,227 |
99.998 |
1,512 |
0.002 |
89,625,739 |
85.399 |
13 |
| 2 |
To approve the Annual Statement of the Chair of the Remuneration Committee and the Annual Report on Remuneration for the year ended 31 March 2025 |
89,612,821 |
99.986 |
12,918 |
0.014 |
89,625,739 |
85.399 |
13 |
| 3 |
To re-elect Alyson Fadil as a director of the Company |
89,624,103 |
99.998 |
1,544 |
0.002 |
89,625,647 |
85.399 |
105 |
| 4 |
To re-elect Marnie Millard as a director of the Company |
89,624,103 |
99.998 |
1,544 |
0.002 |
89,625,647 |
85.399 |
105 |
| 5 |
To re-elect Mark Smithson as a director of the Company |
89,624,103 |
99.998 |
1,544 |
0.002 |
89,625,647 |
85.399 |
105 |
| 6 |
To elect Warren Middleton as a director of the Company |
89,624,103 |
99.998 |
1,544 |
0.002 |
89,625,647 |
85.399 |
105 |
| 7 |
To re-appoint PricewaterhouseCoopers LLP as auditor of the Company to hold office until the conclusion of the next general meeting |
89,593,297 |
99.966 |
30,350 |
0.034 |
89,623,647 |
85.397 |
2,105 |
| 8 |
To authorise the Directors to determine the fees payable to the auditor |
89,620,389 |
99.994 |
5,350 |
0.006 |
89,625,739 |
85.399 |
13 |
| 9 |
To declare a final dividend of 0.66 pence per ordinary share for the financial year ended 31 March 2025 to be paid on 14 August 2025 to the ordinary shareholders |
89,620,529 |
99.994 |
5,210 |
0.006 |
89,625,739 |
85.399 |
13 |
| 10 |
THAT in accordance with section 551 of CA 2006, the Directors be generally and unconditionally authorised to allot Equity Securities |
89,624,127 |
99.998 |
1,612 |
0.002 |
89,625,739 |
85.399 |
13 |
| 11 |
THAT, subject to resolution 10, the Directors be authorised to allot Equity Securities for cash as if section 561 of the CA 2006 did not apply |
89,598,627 |
99.970 |
27,112 |
0.030 |
89,625,739 |
85.399 |
13 |
| 12 |
THAT, subject to resolution 10 and in addition to 11, the Directors be authorised to allot Equity Securities for cash as if section 561 of the CA 2006 did not apply. |
89,598,627 |
99.970 |
27,112 |
0.030 |
89,625,739 |
85.399 |
13 |
| 13 |
That the Company is authorised to make market purchases of its own Ordinary Shares |
89,599,227 |
99.970 |
26,512 |
0.030 |
89,625,739 |
85.399 |
13 |
1 Includes discretionary votes cast by the Chair.
2 Shares held in treasury count to the total issued share capital but are not voted.
3 A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at close of business on Tuesday, 5 August 2025, the share capital of the Company consisted of 104,949,050 Ordinary Shares of which 104,949,050 shares were held with voting rights. The Company holds no Ordinary Shares in treasury.
For further information, please contact:
| Marks Electrical Group plc Via DGA Group:
Mark Smithson (CEO) Tel: +44 (0)20 7664 5095 Dipesh Mistry (Interim CFO)
DGA Group (Financial PR)
Jonathon Brill / James Styles Tel: +44 (0)20 7664 5095
Canaccord Genuity (NOMAD and Broker)
Max Hartley / George Grainger Tel: +44 (0) 207 886 2500
|
|
|
JTC (UK) Limited as Company Secretary Tel : +44 203 846 9774
Christopher Gibbons |
|
About the Company:
Marks Electrical is a fast growing, highly scalable, technology driven e-commerce electrical retailer which sells, delivers, installs and recycles a wide range of household electrical products. The Group was founded in Leicester in 1987 by Mark Smithson and has scaled into a nationwide online retailer with a compelling growth track record, thanks to its vertically integrated, low-cost, high-quality operating model, supported by the ongoing structural shift of consumers to purchase online. The Group operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated to be worth approximately £7 billion.
Primarily through its simple, clear and intuitive website - markselectrical.co.uk - the Group offers over 4,500 products from over 50 leading brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the Group maintains strong and direct relationships. Marks Electrical delivers direct to customers in its owned and branded vehicles, operated by the Group's skilled team of delivery drivers, who are also able to offer installation and recycling services.
For further information, visit the Marks Electrical corporate website: https://group.markselectrical.co.uk and its retail website: https://markselectrical.co.uk/ .
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