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LONDON - Metro Bank Holdings PLC (LSE:MTRO) announced today that shareholders have approved all proposed resolutions during its recent General Meeting. The votes, which included the authorization to allot shares in relation to Contingent Convertible Securities and the dis-application of pre-emption rights for the same, were passed as an Ordinary Resolution and a Special Resolution, respectively.
The voting results indicated a strong support for the bank’s proposals, with over 92% of votes cast in favor of the authority to allot shares and more than 91% backing the authority to dis-apply pre-emption rights. The total votes represented 81.77% and 81.72% of the Issued Share Capital for each resolution, respectively.
The number of Ordinary Shares in issue as of today stands at 672,979,957, with each shareholder entitled to one vote per share. The votes withheld, which are not counted towards the total, were minimal in comparison to the votes cast.
These approvals come at a crucial time for Metro Bank as it continues to navigate the financial landscape. The resolutions are part of the bank’s broader strategy to enhance its capital structure and financial stability.
The detailed voting results will be accessible on the investor relations section of Metro Bank’s website, providing transparency for stakeholders and interested parties. Additionally, the resolutions passed as special business at the General Meeting will be submitted to the National Storage Mechanism, ensuring compliance with UK Listing Rule 6.4.2R and availability for public viewing.
This announcement, as released by Metro Bank Holdings PLC, is based on a press release statement and reflects the outcomes of the General Meeting held on Monday. The bank’s forward-looking strategy and engagement with its shareholders are underscored by the voting process and results, which signal confidence in the proposed measures by its shareholders.
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