Artemis UK Future Leaders PLC passes key resolutions

LONDON - Artemis UK Future Leaders PLC announced on Thursday that its Annual General Meeting (AGM), held on the same day, concluded with the approval of all proposed resolutions. The investment company, which focuses on identifying and investing in prospective leading UK companies, saw its shareholders vote on a series of ordinary and special resolutions.

During the AGM, shareholders reviewed and accepted the Annual Financial Report for the year ending January 31, 2025. They also approved the Directors’ Remuneration Policy and the Annual Statement and Report on Remuneration for the same period. Additionally, a final dividend of 3.45p per share was sanctioned.

The meeting proceeded with the re-election of Bridget Guerin, Graham Paterson, and Mike Prentis as directors, and the election of Simon Longfellow to the board. Ernst & Young LLP was re-appointed as the company auditor, with the Audit Committee authorized to determine their remuneration. Furthermore, the Investment Policy of the company received approval, alongside authorization for the directors to allot securities.

Special resolutions included the authorization for directors to allot securities for cash, disapplying statutory pre-emption rights, and the purchase of company shares for cancellation or holding in Treasury within specified parameters. The company also reduced the notice period required for general meetings, other than AGMs, to not less than 14 days.

The proxy votes showed overwhelming support for most of the resolutions. However, a significant minority of shareholders, over 20%, voted against the re-election of Bridget Guerin as a director. This dissent represents 8.3% of the total voting rights of the company. In light of this, the Board has committed to engaging with investors to understand the reasons behind the opposition and will publish an update on this engagement within six months.

Artemis UK Future Leaders PLC has 49,826,436 ordinary shares of 20p each in issue, with 19,453,074 shares held in Treasury, resulting in 30,373,362 total voting rights. The company has stated that the detailed results of the proxy votes and a shareholder presentation will be made available on its website. The full text of Resolutions 12 to 15 will also be accessible for inspection on the National Storage Mechanism website.

This report is based on a press release statement by Artemis UK Future Leaders PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.