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LONDON - Gamma Communications plc, a leading provider of unified communications services, announced that its shareholders approved all resolutions during the Annual General Meeting (AGM) held on Wednesday. The resolutions included the adoption of the Annual Report and Accounts for the year ended December 31, 2024, and the approval of a final dividend of 13.0 pence per share.
The company reported near-unanimous support for the majority of the resolutions, including the reappointment of Deloitte LLP as auditor and the authorization for directors to determine auditor remuneration. Shareholders also voted in favor of re-electing several directors, with Martin Hellawell receiving the lowest approval rate at 94.59%, while others received higher endorsement rates.
Notably, the resolutions to renew the authority for directors to allot relevant securities, with and without the application of pre-emption rights, were passed. The latter is often used in connection with acquisitions or other capital investments. The special resolution to renew the authority for the company to make market purchases of its own shares was also approved, alongside the adoption of the company’s updated articles of association.
The resolutions requiring a 75% majority, denoted as special resolutions, included the disapplication of pre-emption rights and were passed with the necessary majority. The number of shares in issue at the date of the AGM was 94,996,389, with 1,685,811 ordinary shares held in Treasury, which do not carry voting rights.
The detailed voting results, reflecting the high level of shareholder engagement and support for the company’s direction, will be made available on the Gamma Communications website. In accordance with regulatory requirements, a copy of the resolutions passed under special business will be submitted to the National Storage Mechanism.
This news is based on a press release statement from Gamma Communications plc.
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