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LONDON - Inchcape plc announced Tuesday that shareholders have overwhelmingly approved a special resolution authorizing share buybacks during a General Meeting held in London.
The resolution passed with 99.99% of votes cast in favor, representing 330,700,224 shares, while only 0.01% voted against. The total votes cast represented 89.37% of the company’s issued capital, according to a statement based on the company’s press release.
The General Meeting took place at Exchange House, Primrose Street, London. In accordance with UK Listing Rules, a copy of the approved resolution has been submitted to the National Storage Mechanism and is available for inspection.
Inchcape, headquartered in London, operates as a global automotive distributor across six continents. The company employs over 16,000 people worldwide and focuses on connecting mobility company partners with customers in smaller, complex, and harder-to-reach markets.
The company’s current total issued share capital stands at 370,060,434 shares. No other resolutions were presented at the meeting.
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