19th Jul 2021 21:14
Topps Tiles PLC - Enderby, England-based retailer - Intends to consult and engage with shareholders to understand and discuss their concerns with respect to some resolutions that were not passed at the company's annual general meeting on Monday. Specifically, resolution 10 - related to directors' authority to allot shares - was passed but with less than 80% of the votes. Resolutions 11 and 12 - related to disapplication of pre-emption rights - and 13 - related to authority to make market purchases of shares - were special resolutions requiring a 75% majority but did not receive sufficient support to be passed.
Current stock price: 70.00 pence, closed down 4.1% on Monday
Year-to-date change: up 22%
By Evelina Grecenko; [email protected]
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