LONDON - All Active Asset Capital Limited (AAA), a technology holding company, announced the results of its annual general meeting (AGM) held on Tuesday, where shareholders voted in favor of all proposed resolutions. The meeting saw the approval of the company's audited accounts for the past three years and the re-appointment of directors Colin McQuade, James Normand, and John Hardbattle.
Following the AGM, the company confirmed that resolution 10, which involved the cancellation of certain shares, was successfully passed. Consequently, the total number of AAA shares in issue now stands at 2,236,440,965.
In a statement, AAA CEO Colin McQuade expressed gratitude for the shareholders' strong support and emphasized the company's commitment to capitalizing on the opportunities for Sentiance, AAA's key asset and a predictive AI motion insights platform. McQuade noted that Sentiance continues to acquire major new clients and highlighted the need to build a robust global commercial and sales infrastructure.
AAA is actively exploring funding options for both itself and Sentiance, engaging in talks with investment banks and institutional investors to secure significant new funding. McQuade also acknowledged the importance of providing liquidity for AAA shareholders, stating that while no definitive solution or timetable is currently in place, efforts are ongoing to resolve this matter.
The company's focus is on leveraging Sentiance's industry-leading technology for success in 2025 and beyond, aiming to reward shareholders' support with positive outcomes. Sentiance, based in Antwerp, Belgium, offers a predictive AI technology platform that serves clients in the insurance, gig economy, and road safety sectors, with potential for expansion into other areas.
This report is based on a press release statement and provides an overview of the key outcomes of AAA's recent AGM and the company's strategic focus moving forward.
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