RNS out19 Sep 2025 14:27
The Board is pleased that over 98% of shareholders, excluding a major competitor, supported the resolutions to re-appoint and re-elect the directors. Resolution 2, an advisory resolution, was approved by a majority of shareholders. The Remuneration Committee sets the remuneration policy to attract and retain the leadership team, and to align against delivery of the Group's strategy.
It comes as no surprise that as a result of the voting of the major competitor, the special resolutions numbered 11, 12 and 13 have not been passed, despite over 98% of other shareholders voting in favour.
These special resolutions were in customary form and of a type which are regularly recommended by boards as being in the best interests of all shareholders. Whilst these special resolutions have not been passed, the Board would like to reassure shareholders that this is not expected to have any material impact on the Group going forwards. The Board remains firmly focused on delivering the turnaround strategy and maximising value for all shareholders.
The Board and the Committee will continue to consider shareholder perspectives as appropriate.