Essensys (LSE:ESYS) — Annual General Meeting

0:00 Good morning, and welcome to the ESSENSYS PLC Annual General Meeting. Throughout this recorded meeting, attendees will be in listen only mode. I'd now like to hand you over to John Lee, nonexecutive chairman. Good morning to you, sir. Good morning, everyone, and thank you for attending. As it's now 09:30 and we have a quorum present, I declare the annual general meeting with ESSENSYS PLC open. My name is John Lee. I'm the chair of the company, and I would like to welcome you to this annual general meeting. Welcome to all of you joining us online. For those of you who are interested in our most recent financial results, the results presentation given on the 11/26/2024 is available to view via the Investor Meets company platform. Joining me are my fellow board members as Mark Furness, the CEO, Greg Price, the CFO, and Charles Butler, the nonexecutive director.

0:52 I'll soon move to conduct the formal business of the AGM and will open the poll voting for those in the room with us. Following the conclusion of the poll, directors will be available for a q and a session. Shareholders were given the opportunity to submit questions in advance of the AGM, and your questions can also be submitted at any time during the meeting. I propose we now proceed with the formal business of the meeting. Today's meeting was called by a notice general of meeting posted to shareholders on the November 26. That notice explained the various resolutions which are proposed, and today's meeting has called has been called to consider and, if thought fit, pass those resolutions. Accordingly, the requisite notice of the meeting has been given, and I therefore propose with your consent that the notice of meeting should be taken as read.

1:48 For this meeting, in line with good governance practice, all resolutions will be voted on by poll. This will ensure that the voting wishes of all shareholders who couldn't join us in person are also counted. Appointing equinity as scrutineers. Ordinary resolutions require a simple majority of votes to pass, and special resolutions require 75% or more of votes to pass. I'll put the resolutions to the meeting one after the other. The actual terms of the resolution set out for them in the notice. I should also note that I'm holding proxy votes in favor of each resolution in excess of 85% in each case. The first order of resolutions relates to the accounts. One, to receive the reports of the directors and the financial statements for the year ending 07/31/2024.

2:40 Two, to approve the report of directors' remuneration for the year ended 07/31/2024. Resolutions three to six propose reelecting the directors. Three, Mark Furness. Four, Jonathan Lee. Five, Charles Butler. And six, Greg Price. Resolution seven seeks to reappoint Hayes Mack LLP as auditor, and resolution eight seeks to authorize the directors to determine the fees payable to the auditor. Resolution nine seeks to authorize directors to hold equity securities up to the limits outlined in the notice, and I also propose the following two special resolutions. Resolution 10 seeks to authorize directors to dissupply preemption rights in certain circumstances, and resolution 11 seeks to authorize the company to make market purchases.

3:33 I've now proposed all the resolutions as set out in the notice and declare the poll open. All poll cards have been submitted and now declare the poll closed. The detailed voting figures will be released via RNS and published on the company's website as soon as practically possible. This concludes the formal business of the meeting. We now open for Q and A from both shareholders in person and any joining via LIMC. Are there any shareholder questions you'd like to ask? None appeared yet. We'll leave it for a minute or so to see if anyone's busy typing.

4:52 Okay. There doesn't appear to be any questions. So that concludes the business of the annual general meeting. Therefore, declare the AGM closed. Thank you all for joining us today. And, Harry, I'll now hand you back to IMC. Thank you very much for updating attendees today. On the behalf of the board of ESSENSYS PLC, we'd like to thank you for attending today's annual general meeting, and good morning to you all.