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LONDON - Videndum plc (LSE:VID) announced Monday that shareholders overwhelmingly approved an amendment to the company’s directors’ remuneration policy at its General Meeting.
The single resolution to modify the current policy received 99.86% approval, with 88,379,275 votes in favor and 122,861 votes against. An additional 29,346 votes were withheld, according to a company statement.
The meeting, which was announced on July 7, took place as scheduled on July 28. The company conducted the vote by poll rather than by show of hands.
Videndum, which describes itself as a provider of premium branded hardware products and software solutions to the content creation market, serves customers including broadcasters, film studios, production companies, photographers, and content creators.
The London Stock Exchange-listed company employs approximately 1,400 people across nine countries. The firm’s shares trade under the ticker VID.
The company did not provide specific details about the nature of the changes to the remuneration policy in its announcement.
The total number of shares in issue as of the General Meeting date was 103,613,404.
This article is based on a press release statement from Videndum plc.
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