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LONDON - Staffline Group PLC, a prominent recruitment organization, announced today that all proposed resolutions were passed at its Annual General Meeting (AGM). The event saw a significant shareholder turnout with the majority supporting the company’s direction.
The AGM, held on Wednesday, resulted in the approval of the annual report and accounts for 2024, with a remarkable 99.99% of votes in favor, representing 80.23% of shares in issue. The re-election of directors Albert Ellis, Daniel Quint, Tom Spain, Catherine Lynch, and Amanda Aldridge also received overwhelming support, with each resolution garnering above 99.80% approval.
However, the Remuneration Committee Report faced some resistance, with 25.13% of votes cast against it. Despite this, the resolution still passed with 74.87% approval. Staffline has acknowledged the dissent and is engaging with shareholders to understand their concerns and consider any necessary actions.
Auditors Grant Thornton were reappointed with nearly unanimous support, and their remuneration was similarly approved. Additionally, the company received authorization to allot shares and to purchase its own shares in the market, the latter being a special resolution.
Another special resolution regarding general meetings passed with 99.91% of votes in favor. The company’s issued share capital consists of 126,812,313 ordinary shares, each with equal voting rights, which establishes the total voting rights in the company.
The AGM’s results reflect shareholder confidence in Staffline’s governance and strategic plans. The company has committed to addressing the concerns raised regarding the Remuneration Committee Report and will report on any further developments.
This article is based on a press release statement from Staffline Group PLC.
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