US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
LONDON - Lords Group Trading plc (AIM:LON:LORD) announced Friday that shareholders approved all 12 resolutions proposed at its Annual General Meeting held in London.
The building materials and plumbing supplies distributor reported that resolutions 1 through 10 passed as ordinary resolutions, while resolutions 11 and 12 passed as special resolutions.
Shareholders overwhelmingly supported the company’s proposals, with most resolutions receiving over 99% approval. The final dividend of 1.33 pence per ordinary share for the financial year ended December 31, 2023, received unanimous support.
The re-elections of Andrew Harrison, Gary O’Brien, and Shanker Patel as directors each secured 99.98% approval. Shareholders also elected new board members Stuart Kilpatrick and Sheena Mackay with the same approval percentage.
RSM UK Audit LLP was re-appointed as the company’s auditor with 99.91% of votes in favor.
The resolutions authorizing directors to allot equity securities received slightly lower but still strong support, with approximately 94% of votes cast in favor.
According to the company’s statement, 166,207,885 ordinary shares were in issue as of the meeting date, with shareholders entitled to one vote per share.
Lords Group Trading operates through two divisions: Merchanting, which supplies building materials and DIY goods through 32 locations, and Plumbing and Heating, which distributes products through 16 locations offering nationwide next-day delivery.
The information was disclosed in a regulatory news service announcement following the meeting.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.