Result of AGM
World Chess PLC announced that all resolutions were passed at its Annual General Meeting, with resolutions 1 through 10 approved as Ordinary Resolutions and resolution 11 as a Special Resolution. The company reported overwhelming support for all proposals, with votes FOR ranging from 399,566,289 to 399,567,689, representing 100.0% of votes cast for most resolutions, and minimal votes AGAINST. This strong shareholder approval, particularly for the adoption of the Annual Report, Directors' Remuneration Report and Policy, director re-appointments, auditor re-appointment, and the authority to allot shares and dis-apply pre-emptive rights, indicates continued confidence in the company's management and strategy.
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World Chess PLC (LSE: CHSS) (the "Company"), a leading chess organisation committed to expanding the global appeal of chess, announces that at its Annual General Meeting held earlier today, all resolutions were duly passed on a poll.
Resolutions 1 to 10 were passed as Ordinary Resolutions and Resolution 11 was passed as a Special Resolution. The following table sets out the votes cast on each resolution:
| Resolution 1,2 | Votes FOR | % votes FOR | Votes AGAINST | % votes AGAINST | Votes WITHHELD 3 | |
|---|---|---|---|---|---|---|
| ORDINARY RESOLUTIONS | ||||||
| 1 | Receive and adopt Annual Report | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 2 | Approve Directors' Remuneration Report | 399,566,289 | 100.0% | 11,400 | 0.0% | 0 |
| 3 | Approve Directors' Remuneration Policy | 399,566,289 | 100.0% | 11,400 | 0.0% | 0 |
| 4 | Re-appoint Richard Collett as director | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 5 | Re-appoint Jamison Firestone as director | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 6 | Re-appoint Ilya Merenzon as director | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 7 | Re-appoint Matvey Shekhovtsov as director | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 8 | Re-appoint Moore Kingston Smith LLP as auditor | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 9 | Directors authorised to determine auditor's remuneration | 399,567,689 | 100.0% | 10,000 | 0.0% | 0 |
| 10 | Authority to allot shares | 399,566,289 | 100.0% | 11,400 | 0.0% | 0 |
| SPECIAL RESOLUTION | ||||||
| 11 | Dis-application of pre-emptive rights | 399,566,289 | 100.0% | 11,400 | 0.0% | 0 |
- The full text of the resolutions can be found in the Notice of the Annual General Meeting sent to shareholders on the Company's website at https://worldchess.com/investors.
- As at the record date for eligibility to vote at the Company's General Meeting, the Company had 1,089,806,579 Ordinary Shares in issue. Accordingly, the Company's total number of voting rights was 1,089,806,579.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.