DiscoverIE : Updated Statement on 2025 Annual General Meeting

About this update from Discoverie Group Plc

1G January 2026 discoverIE Group plc Update Statement on 2025 Annual General Meeting At the Company's 2025 Annual General Meeting, held on 24 July 2025, all resolutions were passed with the requisite majority. However, the Company received more than 20% of votes cast against Resolution 13 (Additional Authority to allot shares) and Resolution 16 (Additional authority to disapply pre-emption rights). Since the AGM, in accordance with provision 4 of the UK Corporate Governance Code, the Board has engaged with the relevant shareholders to understand and discuss their views with respect to these resolutions. Feedback from shareholders who voted against Resolution 13 and Resolution 16 indicated that their decision was primarily due to a general desire to avoid equity dilution of greater than a certain amount, without specific shareholder approval. Whilst the Board fully respects and acknowledges that a shareholder may choose to vote against specific resolutions, the Board considers all the resolutions proposed at the AGM to be in the best interests of all shareholders. Regarding the issuing of equity and the need for such resolutions, the rationale for these resolutions was set out within the AGM notice. It is standard practice for companies to include such resolutions and the Company has proposed these resolutions regularly, in line with Investment Association guidelines. The Company will continue to engage with them on these matters. For further information, please contact: discoverIE Group plc Greg Davidson - Company Secretary 01483 544 500 Buchanan Chris Lane, Toto Berger, Jack Devoy 020 7466 5000 [email protected] Notes to Editors: About discoverIE Group plc discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications. The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally through its two divisions, Magnetics C Controls, and Sensing C Connectivity. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term, high quality customer relationships. With a focus on key markets driven by structural growth, increasing electronic content and sustainability, namely medical, electrification of transportation, renewable energy, security and industrial automation C connectivity, the Group aims to achieve organic sales growth that is well ahead of GDP through the cycle and to supplement that with complementary acquisitions. The Group is committed to reducing the impact of its operations on the environment in order to reach net zero. With its key markets aligned with a sustainable future, the Group has been awarded an ESG "A" rating by MSCI and is Regional (Europe) Top Rated and Industry (Technology Hardware) Top Rated by Sustainalytics. The Group employs c.4,500 people across 20 countries with its principal operating units located in Mainland Europe, the UK, China, Sri Lanka, India and North America. discoverIE is listed on the Main Market of the London Stock Exchange and is a member of the FTSE 250, classified within the Electrical Components and Equipment subsector.

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