LONDON - London Finance & Investment Group PLC (LSE: LFI, JSE: LNF), a UK-based investment company, announced the successful passage of all resolutions during its 2024 Annual General Meeting (AGM). The meeting, which took place on Thursday, saw a significant majority of shareholders in favor of the proposed resolutions.
The company, which is listed on both the London Stock Exchange (LON:LSEG) and the Johannesburg Stock Exchange, confirmed that the resolutions were as outlined in the Notice of Annual General Meeting. The voting process incorporated both in-person attendance and proxy votes, with 8,447,367 proxy votes received, representing 27.07% of the issued share capital.
The resolutions included the re-election of Independent (LON:IOG) Directors, which was approved by both the company's shareholders and independent shareholders, as required by the Listing Rule 6.2.8. The votes for the re-election of these directors from the company's shareholders stood at 99.98%, with no votes against and a small number withheld. The independent shareholders' votes mirrored this overwhelming support.
A special resolution, as well as other standard AGM decisions, were also passed with nearly unanimous support. The results demonstrated a strong consensus among the company's shareholders, with the vast majority of votes cast supporting the Board's recommendations.
According to the company's statement, the total number of ordinary shares in issue is 31,207,479. The voting outcomes for all resolutions were predominantly in favor, with percentages of votes cast for the resolutions at 99.98%. Notably, there were no votes against most of the resolutions, and only a minimal number of votes were withheld.
The Directors of London Finance & Investment Group took responsibility for the contents of the announcement, which was made in compliance with regulatory requirements. The details of the resolutions passed at the AGM, particularly those beyond ordinary business, will be made available for inspection in the National Storage Mechanism.
This article is based on a press release statement from London Finance & Investment Group PLC.
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