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Shaftesbury PLC - London West End property investor - Updates on resolutions that failed to pass at its annual general meeting back in February. The resolutions concerned dis-application of pre-emption rights, and failed to achieve 75% of the vote. Engages with the shareholder concerned who maintains that following the capital raise in 2020, the authorities to be granted granted under the resolutions were ‘unlikely to be imminently required’.
‘Whilst the board still considers the flexibility afforded by these authorities to be in the best interests of the company and its shareholders, it will continue to consider its approach on this matter and engage with shareholders as appropriate. An update will be provided in the 2022 annual report,’ Shaftesbury says.
Current stock price: 509.50 pence, up 2.8% on Monday
12-month change: down 13%
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