Business
Cairn Homes Plc: Result of Extraordinary Gene...
Cairn Homes Plc: Result of Extraordinary Gene....
About this update from Cairn Homes Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCairn Homes Plc (CRN)\n\n\n\n\n\n\nCairn Homes Plc: Result of Extraordinary General Meeting 31-Aug-2023 / 11:03 GMT/BST\n\n\n \n\n \n\n \n\n \n\n \n\n \n\nResult of Extraordinary General Meeting\n\n \n\nDublin / London, 31 August 2023: Cairn Homes plc (“Cairn”, “the Company” or “the Group”) (Euronext Dublin: C5H / LSE: CRN) announces that the resolution proposed at the Extraordinary General Meeting (\"EGM\") of the Company, held today, has passed with 68% of shareholders voting in support. Voting on the resolution was conducted by poll. The full text of the resolution was included in the Notice of Extraordinary General Meeting of the Company, circulated to shareholders on 4 August 2023 and made available on the Company's website (www.cairnhomes.com).\n\nIn accordance with the Listing Rules, a copy of the resolution passed has been forwarded to both Euronext Dublin and the UK's National Storage Mechanism and is available for inspection at the following locations:\n\nCompanies Announcements Office\n\nEuronext Dublin \n\n28 Anglesea Street \n\nDublin 2 \n\n \n\nand\n\nhttps://data.fca.org.uk/#/nsm/nationalstoragemechanism \n\nA full list of the votes received is available for inspection on the Company's website.\n\nThe Board notes that whilst the resolution to approve the Stretch CEO LTIP, was approved by a significant majority, 32% of shareholders voted against it. In the months leading up to the meeting, the Remuneration Committee, led by the Remuneration Committee Chair with support from the Chairman of the Board, conducted extensive engagement with shareholders, resulting in adjustments to the final proposed Stretch CEO LTIP, as set out in detail in the notice of meeting. Cairn remains committed to constructive and positive dialogue with shareholders. In the months ahead, the Remuneration Committee and the Board will continue to actively engage with shareholders to understand their views and, where applicable, their reasons for opposing the proposal. The Board will carefully consider all feedback around the EGM and provide an update on engagement within six months, in accordance with the UK Corporate Governance Code.\n\n \n\n-ENDS-\n\n \n\nFor further information, contact:\n\n \n\nCairn...