Results of Annual General Meeting

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  24 July 2025   discoverIE Group plc   Results of Annual General Meeting   discoverIE Group plc (LSE: DSCV, "discoverIE" or "the Group"), a leading international designer and manufacturer of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were approved. The results of the poll, incorporating proxy votes duly lodged prior to the meeting, are set out below:       Resolution Votes For Votes Against Withheld* 1 Receipt and Adoption of Financial Statements 81,009,072 99.99% 5,255 0.01% 290,051 2 Approval of Final Dividend 81,301,001 100.00% 1,336 0.00% 2,041 3 Approval of Directors' Remuneration Report 80,640,797 99.19% 658,278 0.81% 5,303 4 Re-election of Bruce Thompson 74,658,137 91.83% 6,641,506 8.17% 4,735 5 Re-election of Nick Jefferies 77,881,572 95.80% 3,413,071 4.20% 9,735 6 Re-election of Simon Gibbins 80,653,147 99.21% 641,496 0.79% 9,735 7 Re-election of Clive Watson 68,408,369 84.14% 12,891,274 15.86% 4,735 8 Re-election of Rosalind Kainyah 79,234,604 97.75% 1,822,039 2.25% 247,735 9 Re-election of Celia Baxter 79,241,539 97.47% 2,058,104 2.53% 4,735 10 Re-appointment of Auditor 81,291,960 99.99% 7,998 0.01% 4,420 11 Authority to fix Auditor's Remuneration 81,293,125 99.99% 7,148 0.01% 4,105 12 Authority to Allot Shares 65,549,784 80.63% 15,751,968 19.37% 2,626 13 Additional Authority to Allot Shares 64,961,604 79.90% 16,340,463 20.10% 2,311 14 Authority to Disapply Statutory Pre-Emption Rights 76,128,761 93.64% 5,172,991 6.36% 2,626 15 Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment) 68,638,442 84.69% 12,408,173 15.31% 257,763 16 Additional Authority to Allot Shares 64,504,960 79.34% 16,796,792 20.66% 2,626 17 Authority to Purchase Company's Own Shares 81,006,778 100.00% 3,836 0.00% 293,764 18 Notice of General Meetings 74,442,616 91.56% 6,859,446 8.44% 2,316 19 To authorise political donations 79,940,662 98.67% 1,078,038 1.33% 285,678   * A 'vote withheld' in respect of any resolution is not a vote in law and is not counted in the calculation of the proportion of the votes for and against it.   The total number of votes cast was 81,304,378, representing 84.38% of the Company's total issued share capital. As at today's date, discoverIE Group plc has 96,356,109 ordinary shares in issue.   A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.   Statement regarding voting result   While pleased that all proposals at the AGM were supported by a significant majority of shareholders, the Board notes that more than 20% of votes were cast against Resolutions 13 and 16 (additional authority to allot shares and disapplication of statutory pre-emption rights in connection with a pre-emptive offer), each of which were passed with 79.9% and 79.3% support, respectively. The Board believes that these resolutions are in the best interests of the Company and provide it with the necessary flexibility to be able to pursue its strategy effectively. The Board has actively engaged with shareholders over the course of the last year and will continue to do so, to remain cognisant of their views for future governance decisions.       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 :   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 & Controls, and Sensing & 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 & connectivity, the Group aims to achieve organic growth that is well ahead of GDP 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 Continental 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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