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| Date | 15 Aug 2024 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 5099A |
Fenikso Limited
Results of Annual General Meeting
15 August 2024: Fenikso Limited (AQSE: FNK) (the "Company"), the Cayman Islands enterprise company, announces the results of its Annual General Meeting ("AGM") of the Company held on 14 August 2024.
Following a vote by shareholders with a combined share capital of 174,996,929 ordinary shares representing 35.50% of the issued share capital of the Company, results on each of the resolutions put to the AGM are as set out below. Resolutions 1 to 8 were ordinary resolutions requiring a simple majority of votes cast to pass. Resolutions 9 and 10 were special resolutions requiring a majority of not less than 75% of votes cast to pass.
Following consultation with certain shareholders, Resolution 9 as proposed in the Notice of AGM was not put to the AGM. The Company will seek to engage with shareholders in due course regarding the intention behind such resolution. All of the remaining resolutions put to the AGM were duly passed.
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Resolution |
Voting Result |
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For |
Against |
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1 Approve Annual Reports and Accounts |
171,321,929
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97.90% |
3,675,000 |
2.10% |
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2 Re-elect Thomas Richardson as a director |
151,298,047 |
96.82% |
4,975,000 |
3.18% |
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3 Re-elect Marco D'Attanasio as a director |
151,298,047 |
86.46% |
23,687,684 |
13.54% |
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4 Re-elect Dipo Sofola as a director |
170,010,731 |
97.16% |
4,975,000 |
2.84% |
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5 Re-appoint Bright Grahame Murray as auditors |
170,021,929 |
97.88% |
3,675,000 |
2.12% |
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6 Authorise remuneration of auditors |
170,010,731 |
97.88% |
3,686,198 |
2.12% |
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7 Approve electronic distribution of Annual Returns and Financial Statements |
171,321,929 |
97.90% |
3,675,000 |
2.10% |
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8 Authority for Directors to allot up to 198,000,000 ordinary shares |
109,637,966 |
62.66% |
65,347,765 |
37.34% |
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9 Disapplication of shareholder pre-emption rights in respect of up to 59,939,642 ordinary shares issued for cash consideration |
Withdrawn |
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10 Authority for Directors to make market purchases of up to 59,939,642 ordinary shares |
171,310,731 |
97.89% |
3,686,198 |
2.11% |
The Company notes that more than 20% of the votes cast on resolution 8 were voted against such resolution (although such resolution was validly passed). The Company intends to engage with its major shareholders to understand the basis for such votes.
For further information, please visit www.feniksoltd.com or contact:
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Fenikso Limited Thomas Richardson, Chairman |
info@feniksoplc.com
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First Sentinel Corporate Finance Ltd (AQSE Corporate Adviser) Brian Stockbridge |
+44 20 3855 5551 |