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LONDON - Capita plc, the international consulting, digital services, and software business, announced the successful passage of all resolutions at its Annual General Meeting (AGM) held on Monday. The meeting, which took place at The Storey Club in Paddington, saw shareholders vote on a series of ordinary and special resolutions as detailed in the Circular dated March 24, 2025.
Key resolutions included the approval of the company’s Report & Accounts for the year ended December 31, 2024, with a notable 99.91% of votes in favor. The Directors’ Remuneration Report also received strong backing, with 99.36% approval. All directors up for re-election were successfully reinstated, with votes in favor ranging from 97.10% to 99.81%.
A significant aspect of the AGM was the approval of the Share Consolidation and Share Premium Reduction, which received 99.05% and 99.78% of votes for, respectively. These measures are part of Capita’s strategic initiatives, with the Share Consolidation expected to commence trading on the London Stock Exchange (LON:LSEG) on Tuesday, April 29, 2025. However, the Share Premium Reduction is contingent upon Court approval, and the Board reserves the right to discontinue the petition in part or whole.
Other approved special resolutions included the authorization for the company to dis-apply statutory pre-emption rights and the ability to call a general meeting with a minimum of 14 clear days’ notice. The market purchase of shares was also authorized, with a 99.78% majority.
The AGM’s polling results reflected a healthy engagement from shareholders, with over 55% of the Issued Share Capital voted on each resolution. Votes withheld, which are not counted under English law, were also reported for each resolution.
Capita has confirmed that it will provide a trading update on June 17, 2025. This announcement is based on a press release statement, and investors are advised to refer to Capita’s official investor relations website for further details.
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