Result of AGM
Ethernity Networks Limited announced that all resolutions presented at its Annual General Meeting were passed by shareholders. The reappointment of the independent external auditor received strong support with 97.1% of votes in favour, while the reappointment of Mr. Bennet as an Independent Non-Executive Director was approved by 72.09% of votes. A total of 386,825,552 votes were cast, representing 6.73% of the company's issued share capital.
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Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances and PON, is pleased to confirm that at the Company's Annual General Meeting, held earlier today, all resolutions put to shareholders were duly passed on a poll. The voting results are set out in Appendix A at the end of this announcement.
Appendix A
All resolutions and voting undertaken and counted in terms of Israel Companies Law
| Resolution | Outcome | Votes For | Votes Against | % For | % Against | Votes Withheld |
|---|---|---|---|---|---|---|
| 1. Reappointment of the independent External Auditor | Passed | 375,611,810 | 11,213,742 | 97.1% | 2.9% | - |
| 2. Reappointment of Mr. Bennet as Member of the Board as an Independent Non- Executive Director | Passed | 278,843,310 | 107,981,254 | 72.09% | 27.91% | 988 |
The approval of Resolutions 1 and 2 requires the affirmative vote of the majority of the Ordinary Shares.
Both Resolutions achieved the required majority to be approved.
Total votes cast were 386,825,552 representing 6.73% of the Company's total issued share capital.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.