Foresight Group Holdings Limited announces the results of voting at its Annual General Meeting (AGM) held on August 10, 2023. All resolutions were duly passed, including the approval of the accounts and directors' remuneration report for the financial year ended March 31, 2023. The final dividend recommended by the directors was also approved. The AGM also saw the re-appointment of several directors and the appointment of BDO LLP as the company's auditors. Special resolutions were passed to authorize the allotment of shares, disapplication of pre-emption rights, and the company's ability to purchase its own shares. A waiver of Rule 9 of the Takeover Code was also approved by non-concert party shareholders.
The AGM confirmed the approval of various resolutions, including the receipt of the company's accounts and directors' report for the financial year ended March 31, 2023. The directors' remuneration report for the same period was also approved. The final dividend recommended by the directors was declared payable on October 20, 2023. Several directors, including Bernard Fairman, Gary Fraser, Geoffrey Gavey, Michael Liston, and Alison Hutchinson, were re-appointed. BDO LLP was re-appointed as the company's auditors. The directors were also authorized to agree on the auditors' remuneration.
Special resolutions were passed to authorize the allotment of shares, disapplication of pre-emption rights, and the company's ability to purchase its own shares. A waiver of Rule 9 of the Takeover Code was approved by non-concert party shareholders. The voting results of the independent shareholders for the re-appointment of directors and the waiver of Rule 9 were also provided. The results showed that all resolutions were approved by a majority of the votes cast.
The company also provided details of the shareholdings of the concert party members and their shareholdings if the waiver of Rule 9 was exercised in full. The concert party members include Bernard Fairman, Gary Fraser, David Hughes, and Michael Currie. The total shareholding of the concert party members is 35.7% of the issued ordinary share capital, which would increase to 39.6% if the waiver of Rule 9 was exercised in full.