Result of AGM
Power Probe PLC announced that all resolutions were passed at its Annual General Meeting, with 44,373,167 votes cast in favour of most ordinary and special resolutions, representing 100% of votes cast. Minor discrepancies were noted in the votes for the re-election of several directors, with 44,373,162 votes for and 5 against. The company had 73,702,404 ordinary shares in issue as of the record date.
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POWER PROBE PLC (AIM: PWR) (the "Company"), a leading producer of automotive electrical diagnostic tools for professional service technicians, announces that at its Annual General Meeting held earlier today, all resolutions were duly passed.
Proxy votes given to the Chair and to the members of the Board for each resolution were as follows:
| No | Resolution 1,2 | Votes FOR | % votes FOR | Votes AGAINST | % votes AGAINST | Votes WITHHELD 3 |
|---|---|---|---|---|---|---|
| Ordinary resolutions | ||||||
| 1 | Approval of annual report | 44,373,167 | 100 | 0 | 0 | 0 |
| 2 | Approval of Directors' Remuneration Report | 44,373,167 | 100 | 0 | 0 | 0 |
| 3 | Re-appointment of Auditor | 44,373,167 | 100 | 0 | 0 | 0 |
| 4 | Auditor's remuneration | 44,373,167 | 100 | 0 | 0 | 0 |
| 5 | Re-elect Michael Sherwin as director | 44,373,167 | 100 | 0 | 0 | 0 |
| 6 | Re-elect Jose Maria Garcia Riera as director | 44,373,162 | 100 | 5 | 0 | 0 |
| 7 | Re-elect Fabio Possas Medina as director | 44,373,162 | 100 | 5 | 0 | 0 |
| 8 | Re-elect Cynthia Helena Alers as director | 44,373,162 | 100 | 5 | 0 | 0 |
| 9 | Re-elect Colin James Fielding as director | 44,373,167 | 100 | 0 | 0 | 0 |
| 10 | Re-elect Foo Wing IP as director | 44,373,162 | 100 | 5 | 0 | 0 |
| 11 | General authority to allot shares | 44,373,167 | 100 | 0 | 0 | 0 |
| Special resolutions | ||||||
| 12 | Dis-application of pre-emptive rights | 44,373,167 | 100 | 0 | 0 | 0 |
| 13 | Authority to make market purchase of Company shares | 44,373,167 | 100 | 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://investors.powerprobe.com/shareholder-meetings
- As at the record date for eligibility to vote at the Company's General Meeting, the Company had 73,702,404 Ordinary Shares in issue. Accordingly, the Company's total number of voting rights was 73,702,404.
| Shore Capital (Nominated Adviser & Broker) Toby Gibbs / Harry Davies-Ball | +44 (0)20 7408 4090 |
| Sodali & Co James White / Tilly Abraham / James Whitaker | +44 (0)78 5543 2699 powerprobe@client.sodali.com |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.