Result of GM and Share Buyback Programme
Shareholders approved share buyback programme of £15-20 million following general meeting.
- Proposed share buyback £15-20 million
- Resolution 1 approval 99.82%
- Resolution 2 approval 83.54%
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ME Group International plc (LON: MEGP), the instant-service vending equipment group, is pleased to announce that at the General Meeting held today at 10.00 a.m. at the offices of Hudson Sandler LLP, 25 Charterhouse Square, London, EC1M 6AE, both resolutions set out in the Circular and Notice of General Meeting sent to shareholders on 10 February 2026 ("Circular and Notice of 2026 GM") were passed on a poll.
The results of the poll for each resolution are set out below:
| Special Business | Total Votes Cast | % of total voting rights | Votes For | Votes Against | Votes withheld | % for | % against | |
|---|---|---|---|---|---|---|---|---|
| Special Resolution | ||||||||
| 1. | THAT, subject to resolution 2, the Company be authorised to make market purchases of ordinary shares of 0.5p each. | 159,427,696 | 42.21 | 159,138,119 | 289,577 | 17,715 | 99.82 | 0.18 |
| Ordinary Resolution | ||||||||
| 2. | THAT, subject to resolution 1, the waiver by the Panel on Takeovers and Mergers of any obligation which might arise on the Concert Party to make a general offer as a result of market purchases of ordinary shares be approved. | 159,392,232 | 42.20 | 133,157,571 | 26,234,661 | 53,179 | 83.54 | 16.46 |
Notes:
- Votes withheld have not been counted in the calculation of the proportion of the votes "for" and "against" resolutions.
- Votes which gave discretion to the Chairman have been included in the "for" total.
- In accordance with the terms of the Panel Waiver, only Independent Shareholders were entitled to vote on Resolution 2.
Other than where defined, capitalised terms used in this Announcement have the meanings given to them in the Circular and Notice of 2026 GM.
Accordingly, as set out in the Company's announcement on 25 February 2026, the Company expects to launch a share buyback of between £15 million to £20 million shortly following publication of its audited financial statements for the year ended 31 October 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.