LONDON - Albion Crown VCT PLC announced the results of its Annual General Meeting (AGM) held virtually at noon on Tuesday. Shareholders passed all resolutions, including the re-election of directors and the authority to purchase own shares.
The investment company reported a near-unanimous approval for the adoption of its accounts for the year ended June 30, with 99.95% of votes in favor. Directors' remuneration was also approved with 97.83% of votes cast. Resolutions concerning the re-election of board members James Agnew, Pam Garside, Ian Spence, and Tony Ellingham saw over 99% approval, indicating strong shareholder confidence in the existing management team.
The firm's auditor, Johnston Carmichael, was re-appointed with 99.71% of votes, and the directors were authorized to agree on the auditor's remuneration with a 99.73% majority. The authority to allot shares received a 99.50% vote in favor, reflecting a solid backing for potential expansion activities.
Additionally, special resolutions were passed, including the authority for the disapplication of pre-emption rights with 97.87% approval and the authority to purchase own shares with 98.40% approval. A change to the notice period required for General Meetings was also approved, with 95.56% of the votes.
These results demonstrate the trust shareholders place in the company's strategic direction and governance. The detailed outcomes of the AGM will be made available for inspection at the National Storage Mechanism and the recording of the AGM presentation by the Manager will be accessible on the Albion Capital website.
The company's decisions at the AGM reflect its ongoing commitment to corporate governance and shareholder engagement. The passed resolutions are expected to facilitate the company's operational flexibility and potential growth strategies moving forward.
This article is based on a press release statement from Albion Crown VCT PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.