Result of General Meeting
Sosandar plc announced that a resolution proposed at its General Meeting was passed, authorizing the company to make market purchases of up to approximately 10% of its issued ordinary share capital, which equates to a maximum of 22,340,386 shares. The resolution received overwhelming support, with 99.58% of votes cast in favour and only 0.42% against, indicating strong shareholder confidence in the company's share buyback program.
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Capitalised terms used in this announcement shall have the meaning given in the circular published by the Company on 13 March 2026 in connection with the renewal of the Board's authority to make market purchases of the Company's own shares and is available to view on the Company's website, unless the context requires otherwise or as otherwise defined herein.
The poll results for the Resolution are set out below.
Poll Results
| RESOLUTION | Votes FOR | Percentage FOR | Votes AGAINST | Percentage AGAINST | % of ISC voted | Votes WITHHELD | |
|---|---|---|---|---|---|---|---|
| 1 | Special Resolution: To authorise the Company to make market purchases of Ordinary Shares up to a maximum aggregate number of 22,403,651 Ordinary Shares, or, if less, the number representing approximately 10 per cent. of the Company's issued ordinary share capital (excluding treasury shares) as at the date of the passing of the Resolution. | 106,547,638 | 99.58 | 450,319 | 0.42 | 47.89 | 3,841 |
Notes: 1. A vote "withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution. 2. The Company's total issued share capital as at the date of the General Meeting consists of 248,226,513 Ordinary Shares, of which 24,822,651 Ordinary Shares are held in treasury, therefore, the total number of Ordinary Shares carrying voting rights is 223,403,862. Excluding the Ordinary Shares held in treasury, every shareholder has one vote for every Ordinary Share held with voting rights. 3. The issued share capital figure used to calculate the percentage voted is 223,403,862. 4. Following the passing of the Resolution, the Board has the authority to make market purchases of up to 22,340,386 Ordinary Shares.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.