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LONDON - SIG plc (LSE:SIG) announced Thursday that shareholders approved a recruitment restricted share award for Pim Vervaat during a General Meeting held earlier in the day.
The ordinary resolution, which required approval under section 226B(1)(b) of the Companies Act 2006, passed with 95.25% of votes in favor. The proposal received 732,303,734 votes supporting the measure, while 36,521,139 votes (4.75%) were cast against it. A total of 185,858 votes were withheld.
The meeting saw participation representing approximately 65.07% of SIG’s issued share capital, which stands at 1,181,556,977 ordinary shares as of Thursday.
The resolution specifically addressed the grant of a recruitment restricted share award to Vervaat, with terms outlined in a circular previously distributed to shareholders.
In line with UK Listing Rule requirements, a copy of the passed resolution has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will be available for inspection.
The building materials distributor expressed gratitude to shareholders for their continued support following the successful vote, according to the press release statement.
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