Shoe Zone shareholders approve all resolutions at AGM

Published 11/03/2025, 13:34
Shoe Zone shareholders approve all resolutions at AGM

LONDON - Shoe Zone PLC (LON:SHOE) announced today that its Annual General Meeting (AGM), held earlier, concluded with the approval of all proposed resolutions. The UK-based footwear retailer confirmed that the resolutions covered various corporate governance matters including the re-election of directors and the reappointment of auditors.

The shareholders voted overwhelmingly in favor of receiving and adopting the company’s annual accounts, with 99.99% of votes cast supporting the resolution. The re-election of Charles Smith as a Director received 96.33% approval, while Terry Boot, Malcolm Collins, and Victoria Norrish were re-elected with approximately 99.97% of the votes in their favor.

Cooper Parry Group Limited was re-appointed as the company’s auditors, with nearly unanimous support at 99.96%. Directors were also given the authority to determine the auditors’ remuneration, allocate shares, and make political donations, with each resolution receiving above 99% approval.

Notably, special resolutions were passed allowing the directors to allot equity securities for cash, for acquisitions, or capital investments, and to authorize the company to purchase its own shares. These resolutions garnered support from approximately 99.93% and 99.94% of voting shareholders, respectively.

The total voting rights in the company were reported to be 46,226,830. The proxy votes, which included discretionary votes given to the Chairman, were counted in favor of the resolutions. Votes withheld, which are not legally considered votes, were not included in the percentage calculations of shares voted for or against.

The information shared in this article is based on a press release statement. Shoe Zone PLC has not provided additional comments on the matter. The approval of all resolutions at the AGM indicates shareholder confidence in the current management and strategic direction of the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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