Conduit Holdings Limited (CHL) has announced the results of its 2024 Annual General Meeting (AGM) held on May 15, 2024. All 18 resolutions, including 15 ordinary and 3 special resolutions, were passed by the required majority. The total number of votes received for each resolution was disclosed, and the voting rights in CHL on May 15, 2024, were 165,239,997.
The AGM approved various resolutions, including the receipt of the audited consolidated financial statements for the financial period ended December 31, 2023, the Directors' Remuneration Policy, the annual report on remuneration, and the rules of the Company's 2023 Long Term Incentive Plan. Additionally, the re-election of directors and the appointment of auditors were also approved.
The special resolutions passed included the disapplication of pre-emption rights and the authorization for the purchase of own Common Shares. Each resolution's voting results were detailed, providing transparency to the shareholders and the public.
Conduit Holdings Limited, the ultimate parent of Conduit Reinsurance Limited, is a Bermuda-based reinsurance business with global reach. It is listed on the London Stock Exchange (ticker: CRE). The company's subsidiary, Conduit Reinsurance Limited, holds a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) from A.M. Best, with a stable outlook.
For further information, the company's media contacts and investor relations, as well as details about Conduit Re, can be found on their website.