on Funding Circle Plc (isin : GB00BG0TPX62)
Funding Circle Plc: General Meeting Results and 2024 AGM Update
Funding Circle Holdings plc has announced the results of its recent General Meeting. The proposed special resolution, to cancel the share premium account balance, was approved by a requisite majority. Notably, 100% of the votes cast were in favor, with only a negligible opposition.
The company also provided an update following significant votes against certain resolutions during the 2024 Annual General Meeting on May 15. This included resolutions 17 and 18 regarding the disapplication of pre-emption rights, which narrowly passed with 78.52% support but faced 21.48% opposition. The opposition reflects concerns over potential dilution and certain institutional investor voting policies.
Funding Circle has committed to further engage with shareholders on this matter and will provide more insights in their 2024 Annual Report.
R. H.
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