Outcomes of Recent General Meeting for Octopus Titan VCT
Recent Developments from the General Meeting
Octopus Titan VCT plc is delighted to share the updates from its latest General Meeting. This gathering focused on a significant ordinary resolution, which was successfully passed by a poll vote. Such meetings are pivotal as they reflect the priorities and decisions made by the investors.
Understanding the Resolution Passed
The main resolution involved the adoption of the Revised Investment Policy, a key element for the company’s strategic direction. It garnered substantial support, with 43,334,782 votes in favor, representing 97.73% of the total. This overwhelming majority illustrates the confidence shareholders have in the company's future trajectory.
Voting Breakdown Explained
To provide clarity, here’s how the votes were distributed:
- Votes for the resolution: 43,334,782 (97.73%)
- Votes against the resolution: 1,006,164 (2.27%)
This voting record indicates significant shareholder support and reflects a strong alignment with the company’s revised investment strategy aimed at enhancing returns.
Importance of the Revised Investment Policy
Adopting a Revised Investment Policy is no small feat. It is imperative for guiding future investments and ensuring that the company utilizes its capital efficiently. This new policy is designed to adapt to changing market conditions and provide better opportunities for growth, thus benefiting all stakeholders.
Shareholder Engagement
Such resolutions require extensive engagement with shareholders, illustrating the importance of transparency and communication in corporate governance. This meeting stands testament to the company’s commitment to involving its shareholders in key decisions impacting their investments.
Next Steps Following the General Meeting
Moving forward, the company will ensure that the details of the passed resolution are made accessible. A record will be available for inspection at a designated facility, promoting transparency and accountability.
Contact Information for Further Queries
If any shareholder or interested party needs more information, they are encouraged to reach out to the company's designated contact. Rachel Peat from Octopus Company Secretarial Services Limited is available for queries, and can be reached at +44 (0)80 0316 2067.
Moreover, Interested parties can further explore the company’s developments by referring to the National Storage Mechanism document viewing facility. This open access showcases the company's dedication to shareholder communication.
Frequently Asked Questions
What resolutions were discussed at the General Meeting?
The pivotal resolution discussed was the adoption of the Revised Investment Policy.
How many votes were cast in favor of the resolution?
A total of 43,334,782 votes were cast in favor, indicating robust support.
What percentage of votes opposed the resolution?
Only 1,006,164 votes were in opposition, representing 2.27% of the total votes.
What is the significance of the Revised Investment Policy?
The Revised Investment Policy is vital for ensuring strategic flexibility and maximizing investor returns.
Where can I find more information about the meeting results?
Further details will be available for inspection at the National Storage Mechanism document viewing facility.
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