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LONDON - Primary Health Properties PLC (LSE:PHP), a leading investor in modern primary healthcare facilities, announced Wednesday that shareholders have passed all resolutions during its Annual General Meeting (AGM) held the same day. The voting results indicated broad support for the company’s direction and management, with significant majorities backing each resolution.
The resolutions included the reception of the Annual Report and Accounts for the fiscal year ended December 31, 2024, the approval of the Directors’ remuneration report, and the company’s dividend policy. Additionally, shareholders authorized the re-appointment of Deloitte LLP as the auditor and granted the Audit Committee the power to fix the auditor’s remuneration.
All directors up for re-election were affirmed in their positions, with the lowest support being for Harry Hyman, who was re-elected with 79.28% of the votes. The board acknowledged the reduced backing for Hyman, attributing the dissent to his previous role as Chief Executive Officer. The company committed to engaging with shareholders to understand their concerns and will provide an update within six months, in accordance with the UK Corporate Governance Code.
The AGM also saw the approval of several special resolutions, including the authorization for the company to make political donations, allot shares, disapply pre-emption rights, and purchase its own shares. These measures provide the company with flexibility in managing its capital structure and supporting its growth strategy.
The total issued share capital of PHP is 1,336,493,786 Ordinary Shares, a figure relevant for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
The results of the AGM reflect a solid endorsement from the shareholders for the current leadership and strategic initiatives of Primary Health Properties. The company’s focus remains on investing in healthcare infrastructure, a critical sector that has gained even more prominence in recent years.
The information for this report is based on a press release statement.
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