20th May 2021 15:31
Network International Holdings PLC - Middle East and Africa-focused payment solutions provider - Notes just under 25% of shareholders at annual general meeting vote against motion allowing authority to allot shares. "While the authority sought is also in line with the prevailing voting guidelines of leading corporate governance agencies applicable to UK listed companies, the directors have already communicated that they have no present intention of exercising this authority," company says. "Whilst it remains standard market practice for many UK FTSE listed companies to retain this type of authority, we understand that some institutional investors, have speciï¬c policies against supporting this type of resolution." Says to continue to engage with shareholders.
Current stock price: 394.80 pence
Year-to-date change: up 21%
By Eric Cunha; [email protected]
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