Anglo-Eastern Plantations PLC has released an update statement regarding the voting results of its 2023 Annual General Meeting (AGM). At the AGM, a significant proportion of shareholders did not support resolution 12, which pertained to the Directors' Power to Allot shares. The company notes that the authorities sought under resolution 12 are in line with recommended levels and prevailing voting guidelines. These authorities are retained to provide flexibility in the capital management of the company and would only be exercised if it is in the best interests of shareholders.

Following the AGM, the company's Executive Director has engaged with a group of shareholders who voted against the resolution to understand their concerns. The common theme among these shareholders is their concern over dilution and their preference to review approval for specific transactions rather than granting general or annual authorities for changes in equity capital.

Anglo-Eastern Plantations is committed to maintaining an open and constructive dialogue with all shareholders and will continue to engage with those who have concerns about this resolution. The statement is provided in accordance with Provision 4 of the UK Corporate Governance Code.

For further enquiries, interested parties can contact Anglo-Eastern Plantations Plc or Panmure Gordon (UK) Limited.