LONDON - ALT Resources PLC has announced that its Annual General Meeting (AGM) is scheduled for January 10, 2025, at 13 Hanover Square, London. Shareholders will convene at 10:00 a.m. to vote on a series of ordinary and special resolutions as outlined in the company's recent notice.
The ordinary resolutions include the adoption of the Annual Report and Accounts for the fiscal year ending June 30, 2024, along with the Directors' Report and Independent (LON:IOG) Auditors' Report. Additionally, shareholders will vote on the approval of directors' remuneration report and policy, the reappointment of four directors—Paul Welch, Pradipto Mazumder, James Orbell, and John Tyler—and the reappointment of PKF Littlejohn LLP as the company's auditor.
The meeting will also see shareholders deliberate on granting the directors authority to allot shares and grant rights up to an aggregate nominal amount of £5,000,000. This authority, unless renewed or revoked, will expire at the next AGM or after 15 months, whichever comes first.
Two special resolutions on the agenda involve empowering directors to allot equity securities for cash under certain conditions and reducing the notice period for calling general meetings other than the AGM to not less than 14 clear days.
Eligibility to attend and vote at the AGM is restricted to shareholders registered on the company's register by 6:00 p.m. on January 8, 2025. Shareholders are entitled to appoint a proxy to exercise their rights, and details of this process were provided with the notice of the meeting.
The announcement, made by Executive Chairman Paul Welch, comes as part of the company's compliance with corporate governance standards and regulations. Shareholders are encouraged to review the Explanatory Notes and Directors' recommendations attached to the notice for a better understanding of the resolutions.
This information is based on a press release statement from ALT Resources PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.