2nd Jun 2021 20:26
GYG PLC - yacht maintenance company based in Palma de Mallorca, Spain - Says that resolutions 1 to 6 passed by requisite majority at AGM, but resolutions 7 to 9 fail to receive enough votes. The resolutions, each proposed as special resolutions, needed 75% majority of votes cast in favour, and were "narrowly defeated" with 74%, 71% and 74% respectively of votes cast voting in favour. Resolution 7 concerned the disapplication of statutory pre-emption rights for rights issues, etc and up to 5% of issued share capital, resolution 8 the disapplication of statutory pre-emption rights up to an additional 5% of issued share capital and resolution 9 sought to give authority for the company to purchase its own shares. "Each of these special resolutions was seeking a renewal of the relevant authority granted by shareholders at the 2020 AGM," it notes.
Current stock price: 84.00 pence
Year-to-date change: up 21%
By Lucy Heming;Â [email protected]
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