16 April 2024
Nexteq plc
("Nexteq", the "Company" or the "Group")
Result of Annual General Meeting
and
Result of General Meeting
Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, is pleased to announce the following:
Result of Annual General Meeting
The Company announces that at the Annual General Meeting held earlier today, all resolutions were passed.
Final results of proxy appointments received for the AGM in advance of the meeting are set out below:
| | Chair of the meeting | Chair of the meeting | Chair's discretion | Abstain | ||||
| | Cards | Votes | Cards | Votes | Cards | Votes | Cards | Votes |
| Ordinary Resolution 1 | 33 | 48,440,212 | 2 | 451,540 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 2 | 33 | 48,891,752 | 0 | 0 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 3 | 30 | 46,582,778 | 0 | 0 | 1 | 50,000 | 4 | 2,308,974 |
| Ordinary Resolution 4 | 28 | 44,383,383 | 2 | 2,199,395 | 1 | 50,000 | 4 | 2,308,974 |
| Ordinary Resolution 5 | 30 | 46,582,778 | 4 | 2,308,974 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 6 | 32 | 48,589,170 | 1 | 302,582 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 7 | 33 | 48,891,752 | 0 | 0 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 8 | 32 | 48,891,652 | 1 | 100 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 9 | 33 | 48,891,752 | 0 | 0 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 10 | 32 | 48,890,354 | 2 | 1,398 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 11 | 33 | 48,891,752 | 0 | 0 | 1 | 50,000 | 0 | 0 |
| Ordinary Resolution 12 | 30 | 46,692,257 | 2 | 302,682 | 1 | 50,000 | 1 | 1,896,813 |
| Special Resolution 13 | 32 | 48,574,625 | 3 | 7,556 | 1 | 50,000 | 2 | 309,571 |
| Special Resolution 14 | 31 | 48,559,378 | 4 | 22,803 | 1 | 50,000 | 2 | 309,571 |
Result of General Meeting
The Group is also pleased to announce that, at the General Meeting also held today, the two resolutions relating to the Proposed Share Buyback and Rule 9 Waiver were passed.
| | Chair of the meeting | Chair of the meeting | Chair's discretion | Abstain | ||||
| | Cards | Votes | Cards | Votes | Cards | Votes | Cards | Votes |
| Special Resolution 1 Repurchase Resolution | 32 | 44,097,367 | 2 | 3,321 | 1 | 50,000 | 3 | 1,838,286 |
| Ordinary Resolution 2 Waiver Resolution | 21 | 24,495,075 | 8 | 3,172,189 | 1 | 50,000 | 3 | 396,138 |
Total shares in issue as at 16 April 2024: 66,539,060
| Nexteq plc Jon Jayal, Chief Executive Officer Johan Olivier, Chief Financial Officer
| Tel: +44 (0)1223 892 696 |
| Nominated Adviser and Broker: Cavendish Capital Markets Ltd Matt Goode / Simon Hicks (Corporate Finance) Tim Redfern / Harriet Ward (ECM)
| Tel: +44 (0) 20 7220 0500 |
| Joint Broker: Canaccord Genuity Limited Simon Bridges / Andrew Potts
| Tel: +44 (0) 20 7523 8000 |
| Financial PR: Alma Strategic Communications Hilary Buchanan / Kieran Breheny | Tel: +44 (0)20 3405 0205 |
About Nexteq
Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business' success.
Our solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our Taiwan operation is at the heart of Asian supply networks and facilitates cost effective manufacturing and strategic supply chain management.
The Group operates in seven countries and services over 500 customers across 50 countries.
Nexteq operates two distinct brands: Quixant, a specialised computer platforms provider, and Densitron, leaders in human machine interface technology, each with dedicated sales, account management and product innovation teams. Founded in 2005, and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023.
Further information on Nexteq and its divisions can be found at www.nexteqplc.com.
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