GUERNSEY - DP Aircraft I Limited announced the successful passage of all proposed resolutions at its annual general meeting (AGM) held in St Peter Port, Guernsey today. The company, which had previously circulated the notice and agenda for the AGM on October 25, 2024, stated that the voting was conducted by poll, reflecting best practice to allow all shareholders to have their votes recorded even if they could not attend in person.
A significant 82.15% of the company's shares were represented by proxy votes at the AGM. The results showed overwhelming support for each resolution, with votes in favor ranging from 87.60% to 99.99% across the various items on the agenda.
The resolutions, both ordinary and special, required different thresholds for approval. Ordinary resolutions needed a simple majority of over 50%, while a special resolution required at least a 75% majority to pass. The tenth resolution, categorized as special, received 99.99% votes in favor, with 150,867,118 votes supporting it and a notable 59,427,827 votes withheld.
Withheld votes, as clarified by the company, are not counted in the law as votes cast and thus do not factor into the calculation of votes for or against a resolution. Additionally, discretionary votes received were voted in favor of each resolution, contributing to the high approval rates.
The full text of the resolutions passed at the AGM, as required by the Listing Rule 9.6.2, can be found in the Notice of AGM published on October 25, 2024, available from the National Storage Mechanism. The company has also made a copy of the announcement available on its website for public access.
This report is based on a press release statement from DP Aircraft I Limited.
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