LONDON - ASOS (LON:ASOS) Plc, the global online fashion retailer, announced the successful passage of all proposed resolutions during its Annual General Meeting (AGM) held on Wednesday. The company reported high levels of support for the re-election of its board members and other key proposals, with the majority of votes cast in favor.
The AGM saw the approval of the Annual Report and Accounts for the financial period ended September 1, 2024, with an overwhelming 99.93% of the votes cast in support. The Directors' Remuneration Report was also approved, albeit with a lower percentage of 87.52% votes in favor.
Board members including Jørgen Lindemann, José Antonio Ramos Calamonte, and William Barker were re-elected with strong majorities. Similarly, new directorships for Christine Cross and Dave Murray were authorized, each receiving nearly 99.90% of the votes for.
Notably, resolutions 18 and 19, concerning the disapplication of pre-emption rights in respect of the allotment of equity securities for cash, were withdrawn from the AGM agenda. This decision followed feedback from shareholders after the notice of AGM was published. The company has committed to further engagement with shareholders on this matter.
The authorization for the company to make market purchases of its own shares and the allowance for general meetings to be called with not less than 14 clear days' notice were also passed as special resolutions.
ASOS confirmed that the total number of voting rights in the company was 119,357,912, with no shares held in Treasury. The resolutions passed, other than those related to ordinary business, will be submitted to the UK's Financial Conduct Authority National Storage Mechanism and will be available for public inspection.
The company emphasized its commitment to bringing fashion enthusiasts the latest trends through its own brands and a selection of products from partner brands. ASOS has a customer base of 20 million active users across more than 200 markets.
The information disclosed is based on a press release statement by ASOS Plc and has been verified for factual content.
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