Marks Electrical Group plc (MRK) Announces 2026 AGM on 6 August at Leicester Headquarters

Marks Electrical Confirms 2026 AGM Date and Location at Leicester Headquarters

On 14 July 2026, Marks Electrical Group plc officially announced via Regulatory News Service that its 2026 Annual General Meeting will be held at 12:30 p.m. on 6 August 2026 at the company’s registered office at 4 Boston Road, Leicester, LE4 1AU. This location highlights the company’s strong historical and operational ties to Leicester, where it was founded in 1987 and where its logistics and operations remain based despite expanding into a nationwide online retailer.

The formal Notice of AGM will soon be accessible on the shareholder section of the Marks Electrical website at https://group.markselectrical.co.uk/shareholder. Shareholders are advised to consult this document for comprehensive details on the resolutions to be voted on, voting procedures, and other meeting business. The RNS announcement did not specify the resolutions; investors should monitor the corporate site for updates.

Board Encourages Proxy Voting Before 4 August 2026 Deadline

The Board strongly recommends shareholders cast their votes by proxy before 12:30 p.m. on 4 August 2026, two days prior to the AGM, to facilitate efficient meeting management. While in-person attendance is not restricted, proxy voting is the preferred method to ensure votes are counted accurately and to streamline proceedings. Instructions for submitting proxy votes will be detailed in the forthcoming full Notice of AGM.

Shareholders holding shares via nominee or broker platforms should verify any additional proxy voting requirements or deadlines imposed by their intermediaries, as these may differ from the company’s stated timeline. This proxy voting emphasis aligns with best governance practices, allowing both retail and institutional investors to participate without needing to attend physically.

In-Person Attendance Requires Notification by 4 August 2026

Although proxy voting is preferred, shareholders may attend the AGM in person by notifying the Company Secretary at [email protected] by close of business on 4 August 2026. This pre-registration assists the company in managing logistics and ensuring smooth meeting operations. The Company Secretary role is fulfilled by JTC (UK) Limited, with Ruth Wright named as the contact in the announcement.

This notification is an administrative formality rather than a mandatory requirement but adhering to the deadline will help avoid any inconvenience. JTC (UK) Limited’s involvement reflects a common governance structure among AIM-listed companies, ensuring compliance with AIM Rules.

About Marks Electrical: Pioneering Technology-Driven E-Commerce Retail Since 1987

Marks Electrical Group plc is a technology-driven e-commerce retailer specialising in electrical household products, offering sales, delivery, installation, and recycling services. Founded in Leicester in 1987 by Mark Smithson, who remains CEO, the company has grown from a traditional retailer into a nationwide online business primarily operating via markselectrical.co.uk. Its vertically integrated, cost-efficient, high-quality model benefits from the broader consumer shift to online shopping, which accelerated during and after the Covid-19 pandemic.

The company operates within the UK Major Domestic Appliances (MDA) and Consumer Electronics (CE) market, estimated at roughly a37 billion. Marks Electrical differentiates itself through an owned delivery fleet, in-house installation, and product recycling services, maintaining control over the entire customer journey from purchase to disposal.

Extensive Product Range Featuring 4,500+ Items from Over 50 Brands

Marks Electrical offers a wide selection of more than 4,500 products across 50+ leading brands, covering categories such as Cooking, Refrigeration, Washers and Dryers, Dishwashers, and Audio-Visual equipment. Products are sourced through UK distributors, enabling efficient stock management and reliable supply chains. The broad product portfolio exposes the company to diverse consumer trends, including appliance replacement cycles and electronics adoption, with cross-selling opportunities enhancing competitive advantage.

Shareholders may look for updates on product strategy or brand partnerships at the AGM, though the current announcement does not provide forward-looking commentary.

Vertically Integrated Delivery Model with Owned Fleet and Skilled Drivers

A key operational strength is Marks Electrical’s ownership of its delivery fleet and employment of trained drivers who provide delivery, installation, and recycling services. This contrasts with many e-commerce retailers who rely on third-party logistics. The integrated service offering enhances customer satisfaction and supports compliance with WEEE regulations for appliance recycling.

While this model involves fixed costs, it shields the company from third-party logistics pricing volatility and service inconsistencies, supporting operational efficiency and sustainability credentials. Investors may evaluate the scalability of this model as the company expands nationally.

Founder-CEO Mark Smithson Provides Leadership Continuity

Mark Smithson, founder and CEO since 1987, continues to lead Marks Electrical Group plc. His long-standing leadership provides strategic stability and aligns management with shareholder interests. The AGM offers shareholders a platform to engage on governance matters, including succession planning, although no changes to Board composition or executive pay were indicated in the announcement.

Financial PR and Broker Support: DGA Group and Canaccord Genuity

DGA Group serves as Marks Electrical’s financial public relations adviser, with Jonathon Brill and James Styles as contacts reachable at [email protected] and +44 (0) 20 7664 5095. Canaccord Genuity acts as the company’s Nominated Adviser (NOMAD) and broker, with Max Hartley and George Grainger available at +44 (0)20 7523 8000. Their roles underscore the company’s commitment to governance and investor communications. The AGM notice had no immediate impact on share price, as it is a routine procedural announcement.

Operating Within a a37 Billion UK Electricals Market

Marks Electrical operates in a UK Major Domestic Appliances and Consumer Electronics market estimated at approximately a37 billion. This market is supported by essential appliance replacement demand and consumer electronics innovation cycles. The ongoing shift to online purchasing benefits Marks Electrical’s integrated e-commerce and logistics model, although competition and economic factors such as interest rates and consumer spending remain challenges.

Accessing the Full Notice of AGM and Important Dates for Shareholders

The full Notice of AGM will be available soon on https://group.markselectrical.co.uk/shareholder. Shareholders should review it carefully for detailed resolutions and voting instructions. Key dates include the proxy voting deadline at 12:30 p.m. on 4 August 2026 and the AGM at 12:30 p.m. on 6 August 2026 at 4 Boston Road, Leicester. Shareholders planning to attend in person must notify the Company Secretary by 4 August 2026. Those holding shares via nominees should confirm proxy procedures with their platforms.