This email outlines the background to the resolutions to be proposed at the forthcoming Annual General Meeting (“AGM”) all of which the Directors consider to be in the best interests of members as a whole.
1. Under the first item of business (Resolution 1), shareholders are being asked to receive and consider the financial statements of the Company for the year ended 31 December 2021 together with the Directors’ and Auditor’s Report for 2021.
2. Under the second item of business (Resolution 2), shareholders are being asked to authorise the Directors to determine the remuneration of the Company’s Auditors and Solicitors and to appoint the Auditors and re-appoint the Solicitors.
3. Under the third item of business (Resolution 3), shareholders are being asked to re-elect Directors. Under the Constitution, at each AGM, certain Directors are required to retire from office, but they are eligible to be reappointed. This year, there are no Directors due for re-election.
4. Under the fourth item of business (Resolution 4), members are being asked to review the Company’s affairs. As a strict matter this does not require a vote but is simply an opportunity for members to receive a review of the Company’s affairs.
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