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LONDON - PayPoint Plc (LON:PAY) announced Wednesday that shareholders approved all resolutions during its Annual General Meeting held at the company’s Welwyn Garden City headquarters.
The meeting saw strong shareholder participation with approximately 71.7% of the company’s issued share capital represented in the voting. Shareholders approved the annual report and accounts for the year ended March 31, 2025, with 99.94% voting in favor.
A final dividend of 19.6 pence per ordinary share was declared for the fiscal year 2025, receiving 99.96% approval from voting shareholders.
All board members were re-elected, including Chairman Giles Kerr and CEO Nick Wiles, though some directors faced more significant opposition than others. Ben Wishart received the lowest support among directors with 94.35% of votes in favor.
Due to PayPoint having a controlling shareholder with more than 30% of voting rights, the company was required under UK Listing Rules to separately count votes from independent shareholders for the re-election of independent directors. All independent directors received over 91% support from independent shareholders.
Other approved resolutions included the re-appointment of PricewaterhouseCoopers LLP as the company’s auditor, authorization for political donations, and approval for the company to make market purchases of its ordinary shares up to 5% of issued share capital.
The special resolution allowing general meetings to be called on 14 days’ notice passed with 99.18% support. According to the press release statement, complete voting results are available on the company’s website.
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