Results of AGM and Board Change
Livermore Investments Group Limited announced the results of its Annual General Meeting, where all resolutions were passed, excluding Resolution 3, which was withdrawn. The withdrawn resolution concerned the re-election of Mr. Ron Baron, who stepped down from the Board. Resolution 1, approving the annual report, received 123,587,929 votes for and 300 against, with 748 votes withheld, totaling 123,588,229 votes cast. Resolution 2, approving the Remuneration Report, received 123,587,929 votes for and 1,048 against, totaling 123,588,977 votes cast. Resolutions 4 through 7 each received 123,588,677 votes for and 300 against, totaling 123,588,977 votes cast. Resolutions 8 and 9 each received 123,071,728 votes for and 1,448 against, with 515,801 votes withheld, totaling 123,073,176 votes cast. Resolution 10 received 123,072,876 votes for and 300 against, with 515,801 votes withheld, totaling 123,073,176 votes cast. The Board has begun searching for a new non-executive director.
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At the Annual General Meeting of the Company ("AGM"), held today, all resolutions put to the meeting were duly passed on a poll.
Immediately prior to the AGM, Mr Ron Baron, non-executive director, informed the Company that he would no longer be standing for re-election at the AGM and was accordingly stepping down from the Board, with immediate effect. Consequently, Resolution 3 relating to the re-election of Mr Baron was withdrawn and not put to the meeting.
Richard B Rosenberg, Chaiman, commented: "On behalf of the Board I would like to thank Ron, who is stepping down after over 18 years, and to wish him well in his future endeavours."
The Board has commenced a search process for a new non-executive director and an update will be provided in due course.
The results of each resolution were as follows:
| Resolution | For | Against | Votes withheld | Total votes cast |
|---|---|---|---|---|
| 1. To approve the annual report for the year ended 31 December 2024 | 123,587,929 | 300 | 748 | 123,588,229 |
| 2. To approve the Remuneration Report | 123,587,929 | 1,048 | - | 123,588,977 |
| 3. To re-elect Mr. Ron Baron as Director | Resolution withdrawn | |||
| 4. To re-elect Mr. Augoustinos Papathomas as Director | 123,588,677 | 300 | - | 123,588,977 |
| 5. To re-appoint Grant Thornton Cyprus as auditor of the Company | 123,588,677 | 300 | - | 123,588,977 |
| 6. To authorise the Directors to determine the auditor's remuneration | 123,588,677 | 300 | - | 123,588,977 |
| 7. To authorise the Directors to allot new ordinary shares | 123,588,677 | 300 | - | 123,588,977 |
| 8. To authorise the Directors to allot new ordinary shares as if pre-emption rights did not apply | 123,071,728 | 1,448 | 515,801 | 123,073,176 |
| 9. To further authorise the Directors to allot new ordinary shares as if pre-emption rights did not apply in connection with an acquisition or specified capital investment | 123,071,728 | 1,448 | 515,801 | 123,073,176 |
| 10. To authorise the Directors to buy back the Company's own shares | 123,072,876 | 300 | 515,801 | 123,073,176 |
Notes:
- Votes 'For' include those votes giving the Chair discretion.
- A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
Full details of the resolutions are set out in the Notice of Annual General Meeting (which is available on the Company's website at livermore-inv.com).
Resolutions 1, 2 and 4 to 7 were resolutions of the members, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 8 to 10 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.