Result of AGM
Fiinu Plc announced that at its Annual General Meeting, Resolutions 1 through 12 were approved by shareholders, including the adoption of the 2025 audited accounts with 99.9996% in favour and the appointment of F.W. Smith, Riches & Co as auditor. However, Resolution 13, concerning the authority to allot equity for cash on a non-pre-emptive basis, failed to pass, receiving only 65.2551% of the vote, which was below the required 75% majority. Several director re-elections also saw significant opposition, with Marko Sjoblom's re-election receiving only 67.9938% of the vote.
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The Directors of Fiinu Plc are pleased to announce that at the Annual General Meeting of the Company held earlier today, Resolutions 1 to 12 were all duly approved by shareholders by way of a poll. The Company notes that, whilst a majority of votes were cast at the meeting in favour of Resolution 13, the requisite majority required of 75% of votes cast was not reached and accordingly the resolution was not passed.
The results of the poll were as follows:
| Resolutions | For | % | Against | % | Withheld 1 | |
|---|---|---|---|---|---|---|
| 1 | To receive and adopt the audited annual accounts and financial statements of the Company for the year ended 31 December 2025 | 249,954,123 | 99.9996% | 1,050 | 0.0004% | - |
| 2 | To receive and approve the Directors' Remuneration Report for the year ended 31 December 2025 | 200,337,456 | 80.1494% | 49,617,717 | 19.8506% | - |
| 3 | To approve the Directors' Remuneration Policy for the year ended 31 December 2025 | 200,326,956 | 80.1452% | 49,628,217 | 19.8548% | - |
| 4 | To appoint F.W. Smith, Riches & Co as Auditor of the Company | 249,954,123 | 99.9996% | 1,050 | 0.0004% | - |
| 5 | To authorise the Directors to determine the remuneration of the Auditor | 249,954,123 | 99.9996% | 1,050 | 0.0004% | - |
| 6 | To re-elect Simon Leathers as a Director of the Company | 249,954,123 | 99.9996% | 1,050 | 0.0004% | - |
| 7 | To re-elect David Hopton as a Director of the Company | 249,804,123 | 99.9396% | 151,050 | 0.0604% | - |
| 8 | To re-elect Marko Sjoblom as a Director of the Company | 169,954,106 | 67.9938% | 80,001,050 | 32.0062% | 17 |
| 9 | To re-elect Michael Hopton as a Director of the Company | 249,804,123 | 99.9396% | 151,050 | 0.0604% | - |
| 10 | To re-elect Paul Barnes as a Director of the Company | 249,799,403 | 99.9377% | 155,770 | 0.0623% | - |
| 11 | To give directors authority to allot equity securities | 163,108,973 | 65.2553% | 86,846,200 | 34.7447% | - |
| Special Resolutions: | ||||||
| 12 | To give directors authority to make market purchases of own shares | 243,269,473 | 97.3252% | 6,685,700 | 2.6748% | - |
| 13 | To give directors authority to allot equity for cash on a non-pre-emptive basis | 163,107,735 | 65.2551% | 86,846,200 | 34.7449% | 1,238 |
1 A vote withheld is not a vote under English law and is not counted in the calculation of votes -'for' or 'against' a resolution.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.