tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sound Energy AGM: Key Resolution Defeated

Sound Energy AGM: Key Resolution Defeated

Sound Energy (GB:SOU) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

At the recent AGM, Sound Energy shareholders approved most resolutions, with significant support for the annual accounts and the re-appointment of Crowe UK LLP as auditor. However, a key resolution to grant directors the authority to allot shares on a non-pre-emptive basis was narrowly defeated, with only a little over 50% support, missing the required 75% threshold. Executive Chairman Graham Lyon expressed disappointment at the outcome but reassured shareholders of continued engagement regarding future equity issues.

For further insights into GB:SOU stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1