Street Calls of the Week
LONDON - Zegona Communications PLC (LSE:ZEG) announced on Wednesday that shareholders approved all resolutions presented at its Annual General Meeting held earlier in the day.
The telecommunications investment firm reported that votes were validly received for approximately 194.6 million ordinary shares, representing about 82.5% of shares entitled to vote at the meeting.
All 19 resolutions passed with overwhelming support, with most receiving more than 99% approval from voting shareholders. The lowest approval rate was 95.19% for Resolution 14, a special resolution that still passed by a substantial margin.
Notable results included Resolution 2, which passed with 98.92% support despite having the highest number of abstentions at over 4.6 million votes. Resolutions 14 through 19, which were special resolutions requiring higher approval thresholds, all passed successfully.
The meeting took place at 10:00 a.m. on September 24, with voting conducted both in person and by proxy. The company noted that EJLSHM Funding Limited, which holds 523.2 million ordinary shares, had previously undertaken not to vote its shares except under limited circumstances.
A copy of the approved resolutions has been submitted to the National Storage Mechanism and will be available for public inspection, according to the company’s press release statement.
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