SoFi CEO enters prepaid forward contract on 1.5 million shares
LONDON - Michelmersh Brick Holdings PLC (AIM:MBH), a specialist brick manufacturer, has announced that all resolutions proposed at its Annual General Meeting (AGM) on Thursday were approved by its shareholders. The AGM saw a series of ordinary and special resolutions passed, encompassing the adoption of financial accounts, director re-elections, and share-related authorizations.
The resolutions included the approval of the company’s accounts and reports for the fiscal year ended December 31, 2024, with an overwhelming majority of 100% votes in favor. Shareholders also endorsed a final dividend of 3.00 pence per ordinary share for the same period, with nearly unanimous support.
Director re-elections were also on the agenda, with varying degrees of shareholder backing. Peter Sharp (OTC:SHCAY) and Ryan Mahoney were both re-elected with 84.18% of the votes cast in their favor, while Paula Hay-Plumb and Anthony Morris received 99.95% and 98.55% approval, respectively.
Additionally, the appointment of CLA Evelyn Partners Limited as the company auditor was confirmed with 94.69% of the votes, and the Audit Committee was authorized to fix the auditor’s remuneration with a 99.97% majority.
In terms of share allotment, the directors received authorization to allot shares with a 99.72% majority and to dis-apply statutory pre-emption provisions with a 97.36% majority. A similar authorization specifically for acquisitions or capital investments was approved with a 96.01% majority.
Furthermore, the company was granted the authority to buy back shares, with 99.94% of the votes in favor, although this resolution saw a higher number of withheld votes compared to others.
The total number of shares voted at the AGM represented approximately 49.59% of the company’s issued share capital, excluding treasury shares. The company disclosed that as of the close of business on the day of the AGM, the total number of shares in issue was 95,903,579, with 2,523,500 shares held in treasury.
This news is based on a press release statement from Michelmersh Brick Holdings PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.