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LONDON - MORhomes PLC announced Thursday that shareholders unanimously approved two key resolutions during its Annual General Meeting held on September 11, 2025.
The company secured approval for an ordinary resolution authorizing directors to allot securities up to a maximum nominal amount of £2,100,000. This authority will remain valid until the company’s next annual general meeting, unless renewed, varied, or revoked earlier.
Shareholders also passed a special resolution that waives pre-emption rights under section 561(1) of the Companies Act 2006, allowing directors to allot equity securities up to the same nominal amount of £2,100,000 without first offering them to existing shareholders in proportion to their holdings.
Both authorizations will expire at the company’s next annual general meeting, though the company may make offers or agreements before this expiration that would require shares to be allotted afterward.
The information was disclosed in a regulatory announcement to the London Stock Exchange.
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