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LONDON - Chesnara plc (LSE:CSN.L), a life and pensions company, announced that its shareholders have passed all resolutions presented at the Annual General Meeting (AGM) held on Tuesday. The resolutions included the adoption of the company’s audited accounts for the year ended December 31, 2024, director appointments, and the declaration of a final dividend.
The shareholders voted overwhelmingly in favor of receiving and adopting the audited accounts, with 99.98% approval. The Directors’ Remuneration Report also received a high level of support at 98.97%. Furthermore, the proposal to declare a final dividend of 16.08 pence per share was met with nearly unanimous consent.
Board members Steve Murray, Carol Hagh, Karin Bergstein, Luke Savage, Eamonn Flanagan, Tom Howard, and newly appointed Gail Tucker received strong backing for their re-appointment or appointment to the board. Deloitte LLP was re-appointed as the company’s auditor with 99.85% of the votes in favor.
Other significant resolutions included authorizations for the directors to allot shares, disapply pre-emption rights for general corporate purposes, and for acquisition or other capital investment. These resolutions, along with the authority for the company to purchase its own shares and to call general meetings with not less than 14 clear days’ notice, were all passed with substantial majorities.
The Company’s issued share capital on the day of the AGM was 151,054,162 ordinary shares, with each share carrying one voting right. Votes withheld are not considered a vote in law and were not counted in the calculation of the votes for and against each resolution.
The board expressed satisfaction with the significant majority support for all resolutions. The full text of the resolutions and further details of those passed as special business will be made available for inspection at the National Storage Mechanism.
This report is based on a press release statement from Chesnara plc.
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