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LONDON - Phoenix Spree Deutschland Limited (LSE:PSDL.LN), a UK-listed investment company focused on Berlin residential real estate, announced Wednesday that shareholders approved all resolutions at both its annual and extraordinary general meetings.
At the Annual General Meeting, shareholders voted overwhelmingly in favor of all 11 resolutions, including the adoption of the company’s 2024 financial statements, approval of the directors’ remuneration report, and re-election of all board members. The votes in favor exceeded 97% for each resolution.
Shareholders also approved special resolutions authorizing the company to make market purchases of up to 13,764,921 ordinary shares and to allot and issue up to 10,075,141 ordinary shares without applying pre-emption rights.
The single resolution at the Extraordinary General Meeting, which passed with 99.87% approval, authorized amendments to the company’s articles of association. These changes will convert existing non-redeemable ordinary shares into redeemable ordinary shares and establish a compulsory redemption facility.
The full text of the special resolutions has been submitted to the National Storage Mechanism in accordance with UK Listing Rule 6.4.2.
The meetings were held at the company’s registered office, with 51,908,452 votes cast at the AGM and 51,554,802 at the EGM, according to the press release statement.
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