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LONDON - Alfa Financial Software (ETR:SOWGn) Holdings PLC has announced that all proposed resolutions at its Annual General Meeting (AGM) on April 30, 2025, were approved by its shareholders. The company, which provides software systems and services to the global asset and automotive finance industry, confirmed the successful passage of various motions, including the election and re-election of its directors.
The resolutions included the adoption of the Annual Report and audited financial statements for the year ending December 31, 2024, with a unanimous vote in favor. Shareholders also approved the Directors’ Remuneration Report, with a majority of 99.53% voting for the proposal.
A final dividend of 1.4 pence per ordinary share was declared, receiving 100% approval from the votes cast. The election of independent directors was notably passed by both a majority of the independent shareholders and the overall shareholder base, ensuring a strong endorsement for the board’s composition.
Among the directors, Reena Raichura was elected with 99.93% of the votes cast in favor, while the re-elections of Steve Breach, Adrian Chamberlain, Charlotte de Metz, Chris Sullivan, Andrew Denton, Duncan Magrath, Andrew Page, and Matthew White were all passed with varying majorities.
The appointment of RSM UK Audit LLP as the company auditor was confirmed with unanimous support, and the authority to make political donations, allot ordinary shares, and purchase the company’s own shares was granted with substantial majorities.
Moreover, the AGM provided the directors with the authority to call a general meeting on not less than 14 clear days’ notice, which was approved by 99.62% of the votes.
The number of shares in issue at the close of business on April 29, 2025, was 300,000,000, with the total number of ordinary shares with voting rights standing at 296,233,948, after accounting for shares held in treasury.
The results of the AGM, particularly concerning items beyond ordinary business, will be made available for inspection through the National Storage Mechanism shortly, as per the company’s statement.
Alfa has been a prominent player in delivering technology solutions for asset and automotive finance companies since 1990. Its Alfa Systems platform is at the core of several large finance companies’ operations, offering cloud-native, end-to-end solutions with integrated workflow and automated processing.
This report is based on a press release statement from Alfa Financial Software Holdings PLC.
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