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LONDON - TT Electronics plc announced Monday that shareholders approved all 16 resolutions presented at its Annual General Meeting held earlier in the day.
According to a statement released by the company, the resolutions were passed with significant shareholder support. The approval of the Annual Report and Accounts received 99.91% votes in favor, while the Remuneration Report was approved with 86.65% support.
Three new directors were elected to the board with overwhelming approval: Eric Lakin (99.83%), Inken Braunshmidt (99.68%), and Richard Webb (99.69%). Existing directors Warren Tucker, Anne Thorburn, and Michael Ord were re-elected with 97.04%, 98.25%, and 97.88% support respectively.
Shareholders also approved the re-appointment of Deloitte LLP as the company’s auditor with 99.73% of votes cast in favor.
Other key resolutions that passed included the authority to make political donations (84.47%), authority to allot shares (86.45%), and two special resolutions regarding the authority to disapply pre-emption rights, which received approximately 84.8% support each.
The special resolution authorizing the purchase of the company’s own shares was approved by 99.82% of votes, while the resolution regarding notice of general meetings received 99.62% support.
The meeting had participation representing approximately 58.6% of the company’s issued share capital, based on the press release statement.
In accordance with Listing Rule 9.6.2, copies of the non-ordinary business resolutions have been submitted to the National Storage Mechanism and will be available for inspection.
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