Can anything shut down the Gold rally?
LONDON - Autins Group plc (AIM:AUTG), a specialist in automotive acoustic and thermal insulation solutions, announced Wednesday that shareholders voted down a resolution to disapply pre-emption rights at its Annual General Meeting.
Resolution 9, which would have authorized directors to issue shares without first offering them to existing shareholders, failed to secure the required support, receiving only 58.98% of votes in favor against 41.02% against. As a special resolution, it required 75% approval to pass.
The company stated it has begun engaging with shareholders to understand their concerns regarding the rejected resolution.
All other resolutions presented at the meeting were approved, including the adoption of the FY25 audited financial statements, the reappointment of directors, and the appointment of Dains Audit Ltd as the company’s auditors.
The reappointment of Adam Attwood as a director was approved with 67.49% support, while Dr. Qu Li secured reappointment with 65.05% of votes in favor.
Other board appointments received stronger backing, with Mark Taylor reappointed unanimously and new director Desislav Dimitrov approved by 99.99% of votes cast.
Shareholders also unanimously approved Resolution 10, authorizing the company to purchase its own shares.
The voting results will be published on the company’s website, according to the statement based on the company’s press release.
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