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Somero Enterprises Inc - Fort Myers, Florida-based concrete-levelling machinery maker - Shareholders at its annual general meeting in Atlantic Mine, Michigan, where Somero has its production centre, vote by more than 50% against all seven resolutions. However, the three directors standing are re-elected under Delaware corporation law. In response to the vote, Somero says its previously announced ‘thorough review’ of the company’s governance is ‘already underway’, including consulting with shareholders. ‘The board also recognises the views expressed by certain shareholders regarding capital allocation and will take those views into account as it continues to assess the appropriate balance between maintaining financial flexibility, investing in the business and returning capital to shareholders,’ Somero says. Ahead of the AGM, Somero had said it is ‘tracking well’ against its guidance for 2026 and will provide a trading update for the first half of the year in July. Current stock price: 191.25 pence, down 1.9% in London on Thursday for £101.0 million market capitalisation 12-month change: down 22% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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