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LONDON - Harworth Group plc, the UK-based land and property regenerator, announced today that all resolutions proposed at its Annual General Meeting (AGM) were passed with the requisite majority. The AGM took place on Monday, with shareholders voting on various corporate matters, including the adoption of financial statements, director re-elections, and the approval of a new directors’ remuneration policy.
The company, which specializes in transforming industrial sites into new developments, reported that its AGM resolutions were approved on a show of hands. The total number of ordinary shares in issue was 325,718,727, and the votes were cast with a significant majority in favor of all resolutions. The final dividend of 1.125 pence per ordinary share for the year ended 31 December 2024 was also declared.
Notably, Resolution 12, concerning the approval of the Directors’ Remuneration Policy, was passed with approximately 75.67% of the votes in favor. This resolution received the lowest majority, indicating some shareholder reservations. In response to this, Harworth Group has committed to continuing engagement with its shareholders and plans to publish an update within six months, adhering to the UK Corporate Governance Code.
Re-elections of directors were largely supported, with Alastair Lyons, Lynda Shillaw, Katerina Patmore, Angela Bromfield, Lisa Scenna, Patrick O’Donnell Bourke, Marzia Zafar, and Martyn Bowes retaining their positions on the board. The appointment of Ernst & Young LLP as the company’s auditors and the authority to determine their remuneration were also confirmed.
Additional special resolutions, including the authority to disapply pre-emption rights and the authorization for the company to purchase its own shares, were approved. Moreover, a resolution to reduce the notice period for general meetings, excluding the AGM, to 14 clear days was also passed.
The results of the AGM, reflecting a strong backing from shareholders, are available for review on the Harworth Group’s website and have been submitted to the National Storage Mechanism for public inspection.
This news is based on a press release statement from Harworth Group plc.
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