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InterContinental Hotels Group PLC (NYSE:IHG) announced the outcomes of its Annual General Meeting (AGM) held on Thursday. The company confirmed that all resolutions proposed in the Notice of Meeting were passed by shareholders through a poll.
The resolutions included the approval of the 2024 Report and Accounts, Directors’ Remuneration Policy, Directors’ Remuneration Report, and the declaration of the final dividend. Additionally, shareholders re-elected board directors and gave the nod to the reappointment and remuneration of the company’s auditor. The resolutions also covered the authority to allot shares and disapplication of pre-emption rights, along with the ability for the company to purchase its own shares and set the notice period for general meetings.
The board expressed satisfaction with the support for all resolutions, especially the Directors’ Remuneration Policy and Report, which were backed by all of IHG’s top 10 largest shareholders. The board plans to continue dialogue with shareholders and proxy advisers regarding the remuneration policy and will provide an update within six months, in line with the UK Corporate Governance Code.
Votes withheld are not considered as votes for or against a resolution. Special resolutions included items 10 to 13, and the company’s total voting rights number 155,564,849. Further details on the resolutions passed, excluding ordinary business, will be available on the UK Listing Authority’s National Storage Mechanism website.
This information is based on a press release statement.
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