Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Vp plc (LSE:VP) announced Wednesday that shareholders approved all resolutions at its Annual General Meeting, including a final dividend of 28.0 pence per ordinary share.
The equipment rental company reported that approximately 79.8% of its issued share capital participated in the voting, with all proposed resolutions passing by substantial margins.
Shareholders re-elected six directors, including Jeremy Pilkington, Anna Bielby, Keith Winstanley, Mark Bottomley, and Stuart Watson, while Richard Smith was elected as a new director. Anna Bielby serves as Chief Executive Officer and Keith Winstanley as Chief Financial Officer.
The meeting also saw the re-appointment of PricewaterhouseCoopers LLP as the company’s auditor.
The company’s controlling shareholder, Ackers P Investment Company Limited, which is associated with Jeremy Pilkington, participated in the voting. Under Listing Rules requirements, the company confirmed that resolutions to re-elect independent non-executive directors were approved by both the shareholders as a whole and by independent shareholders excluding the controlling shareholder.
Among special resolutions, shareholders authorized the company to purchase its own shares and approved the calling of general meetings (other than annual general meetings) on not less than 14 clear days’ notice.
The dividend approval follows Vp’s financial results for the year ended March 31, 2025, which were presented at the meeting.
According to the press release statement, the full text of the resolutions is available on the company’s website.
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