Solid State (LSE:SOLI) — Annual General Meeting

0:00 Good morning, and welcome to the SOLID STATE PLC annual general meeting. Throughout recorded meeting, attendees will be in listen only mode. I would now like to hand you to Nigel Rogers, chairman. Good morning to you, sir. Good morning, and good morning to everybody in the room. Thank you for coming. Unfortunately, shareholders are overwhelmed by directors and advisers, but that's fairly normal these days. And hello to everybody who's joining online to listen to the proceedings of today's annual general meeting of SOLID STATE. For those who missed the introduction, I'm Nigel Rogers. I'm the nonexecutive chairman. You can see on my left here, Pete James, who's the CFO, Sam Smith, independent nonexecutive director, and John McMichael, who's divisional managing director of Solstre. And on my right, Gary Marsh, who's the CEO, Pete McGowan, independent non executive director, and Matthew Richards, who's divisional managing director of STERE TIT.

0:52 So, we're very happy to be calling this meeting. I'll, call the meeting to order. With your permission, I won't read the notice in full. I'm sure that will be a relief to everybody. What I'd like to do is open the meeting to questions in the room, please. Thank you. In that case, I shall proceed with the, upcalling of the resolutions. So, ordinary resolution number one is to receive the accounts for the year ended 03/31/2025 together with the report of the directors and auditors thereon. All those in favor, please. Thank you. Any against? I declare the motion carried. Ordinary resolution number two, to approve the director's annual report on remuneration.

1:38 This is an advisory vote only. All those in favor, please? Any against? Thank you. Resolution number three, to declare a final dividend of 1.67p per share. All those in favor, please? Any against? Thank you. Resolution number four is to appoint Nigel Rogers as a director of the company. All those in favor, please. Any against? Thank you. Resolution number five is to reappoint Gary Marsh as a director of the company. All those in favor, please. Any against? Thank you. Ordinary resolution number six to reappoint John McMichael as the director of the company. All those in favor, please.

2:23 Any against? Missus McMichael mustn't be here. I just had the motion carried. Order number 7 to reappoint Pete James as director of the company. All those in favor, please? Any against? Thank you. Number eight, to reappoint Matthew Richards as the director of the company. All those in favor, please? Any against? Thank you. Ordinary life solution number nine is reappoint Peter McGowan as the director of the company. All those in favor, please. Any against? Thank you. Resolution number 10 is to reappoint Samantha Smith as director of the company. She won't forgive us for using her name in full. I'm sorry, Sam. All those in favor, please?

3:09 Any against? Thank you. Resolution number 11 is to reappoint RSM UK Audit LLP as auditors of the company. All in favor, please. Any against? Thank you. Resolution number 12 is to authorize the directors to fix the auditors remuneration. All those in favor, please. Any against? Thank you. Resolution number 13 takes somewhat longer to read if I do so in full, and I'm sure you'll forgive me again for giving an abridged version of this. I won't read the resolution in its entirety. Resolution number 13 is to authorize the directors, generally and unconditionally, to allot shares in the company comprising equity securities up to an aggregate nominal amount of £941,000 approximately, or 33% of the issued share capital by way of a rights issue.

4:01 All those in favor, please. Pending against. Thank you. Declare the motion carried. Resolution, I beg your pardon, there's a second part to resolution number 13, which is in any other case than a rights issue, 20% of the ESG share capital. I I should have read that bit out in my ear. I apologize. I'm sure I just didn't change the outcome. Special resolution number 14, that the company is authorized to allot equity securities of approximately 10% of the issued share capital as if section five six one of the company's act dealing with rights of a preemption did not apply. All those in favor? Any against? Thank you. Declare that carried. And special resolution number 15 that the company pursuant to section seven zero one of the company's act is generally and unconditionally authorized to make market purchases of ordinary shares of 5 p each in the capital of the company under circumstances set out in the resolution in full, not exceeding 15% of the issued ordinary share capital of the company.

5:03 All those in favor? Any against? Thank you. I declare the motion carried. We have summary of proxy votes available, which were in aggregate approximately 50% of the share capital in full, which was a really good turnout for proxies. That's extremely good. And we're all strongly in favor. There were some votes against, particularly resolution in the thirteen and fourteen. The details of the proxies will be published on our website in full together with confirmation that all of the resolutions have been carried. And with that, I declare the meeting closed. Thank you very much, everybody. Thank you. Very well done, Patrick. That's great. Thank you very much for updating attendees today. On behalf on behalf of the board of SOLID STATE PLC, we'd like to thank you for attending today's annual general meeting, and good morning to you