Result of AGM
Truetide plc announced that all resolutions were passed at its Annual General Meeting, though resolutions 7 and 8 received significant opposition with 21.09% and 24.35% of votes cast against them respectively. The Board intends to engage with shareholders who voted against these resolutions to understand their concerns. All other ordinary business, including the approval of the 2026 Report and Accounts and the re-appointment of auditors, passed with over 94% of votes in favour. Director re-elections also passed, with Vivian Hallam receiving 85.03% of votes for, Trevor Brown 81.53%, and Qu Li 81.56%.
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Truetide plc (AIM: TRUE) is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held earlier today were duly passed. The Board notes the voting in relation to resolutions 7 and 8 and is committed to continuing an open dialogue with the Company's shareholders. Following the voting at the AGM, where it is able to, the Board will seek to engage with those shareholders who are understood to have voted against resolutions 7 and 8 to understand their views and/or any specific concerns.
The table below shows the total votes cast in respect of each resolution.
| RESOLUTIONS | NO OF VOTES FOR* | % OF VOTES CAST (EXCLUDING VOTES WITHELD) ** | NO OF VOTES AGAINST | % OF VOTES CAST (EXCLUDING VOTES WITHELD) ** | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) ** | NO OF VOTES WITHHELD** |
|---|---|---|---|---|---|---|
| Ordinary Business | ||||||
| 1) To receive the Report and Accounts of the Company for the year to 31 March 2026 | 30,014,797 | 99.95% | 14,459 | 0.05 % | 30,029,256 | 28,118 |
| 2) To re-appoint MAH Chartered Accountants as auditors of the Company | 28,373,355 | 94.47% | 1,660,036 | 5.53 % | 30,033,391 | 23,983 |
| 3) To authorise the directors to determine the auditors' remuneration | 29,400,940 | 97.90% | 631,246 | 2.10 % | 30,032,186 | 25,188 |
| 4) To re-elect Vivian Hallam as a director of the Company | 23,868,922 | 85.03% | 4,201,539 | 14.97 % | 28,070,461 | 1,986,913 |
| 5) To re-elect Trevor Brown as a director of the Company | 24,482,717 | 81.53 % | 5,546,539 | 18.47 % | 30,029,256 | 28,118 |
| 6) To re-elect Qu Li as a director of the Company | 24,491,215 | 81.56 % | 5,538,041 | 18.44 % | 30,029,256 | 28,118 |
| 7) To authorise the directors to replace the existing authority to allot shares in the Company in connection with s 551 of the Companies Act 2006 | 23,698,133 | 78.91% | 6,335,258 | 21.09 % | 30,033,391 | 23,983 |
| Special Business | ||||||
| 8) To authorise the directors to allot Relevant Securities as if s 561 of the Companies Act 2006 did not apply | 22,720,734 | 75.65% | 7,312,657 | 24.35 % | 30,033,391 | 23,983 |
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