LONDON - LSL Property Services PLC (LSL) has reported an update on the outcome of a resolution vote from its Annual General Meeting (AGM) held on June 20, 2024, which initially indicated shareholder dissent. The company announced that 25.01% of votes were cast against the re-election of Gaby Appleton as a board member during the AGM.
Following the significant opposition, defined as over 20% of votes cast, the Chair engaged in discussions with a broad group of shareholders to understand their concerns. The dissent was linked to Appleton's role as Senior Independent (LON:IOG) Director at a time when shareholders had expressed issues with the board on governance matters.
In response to these concerns, LSL has made several changes to its governance structure. Adrian Collins was appointed as Chair on May 1, 2024, and James Mack assumed the role of Senior Independent Director starting March 5, 2024. Additionally, Michael Stoop has joined the board as an independent non-executive director.
The company believes that these adjustments have addressed the issues that led to the significant vote against Appleton's re-election. Shareholders are advised that they can contact the Company Secretary at any time should they wish to discuss matters further, including those related to the AGM.
This update is based on a press release statement from LSL Property Services PLC.
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