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LONDON - Nichols plc, a diversified soft drinks group, announced today that all resolutions presented at its Annual General Meeting (AGM) were passed by shareholders. The AGM, which took place earlier today, saw the approval of key proposals including the adoption of the annual report, director elections, and dividend declarations.
The company reported a 100% approval for the receipt of the annual report and accounts for the year ended December 31, 2024, as well as the declaration of a final dividend. The Directors’ Remuneration Report was approved with 98.49% votes in favor.
Shareholders voted overwhelmingly in favor of electing and re-electing board members. Alan Williams was elected as a director with virtually unanimous support, and the re-elections of Elizabeth McMeikan, Andrew Milne, John Gittins, Helen Keays, John Nichols, and Matthew Nichols were also confirmed with high approval rates.
The appointment of BDO LLP as the company’s auditor was re-approved with 99.94% of the votes, and the directors were authorized to determine the auditor’s remuneration with a similar level of support.
Resolutions to authorize the directors to allot shares and to disapply pre-emption rights were passed with over 99% approval. Additionally, the authorization for the company to buy back shares was approved, with 99.91% of votes in favor, although this resolution saw a higher proportion of votes withheld.
Voting percentages were calculated based on the issued share capital represented at the meeting, with each resolution receiving a significant majority of the votes cast. Votes withheld, which are not counted in law as votes for or against a resolution, varied across the resolutions but did not affect the overall outcome.
The results of the AGM reflect shareholder confidence in the company’s governance and strategic direction. Nichols plc has thus secured the necessary approvals to proceed with its plans for the coming year.
This report is based on a press release statement and provides an overview of the outcomes of Nichols plc’s AGM without speculation or subjective assessment.
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