TFG - results of annual general meeting
The Foschini Group Ltd. ("TFG" [JSE: TFG]) shareholders approved most resolutions at the AGM, with 85.25% of shares represented. All ordinary resolutions, including the presentation of financial statements, re-appointments of directors, and elections to committees, received high approval, mostly exceeding 73%. Notably, the non-binding votes on the Remuneration Policy and Implementation Report received dissent from over 25% of shareholders, prompting TFG to invite feedback from dissenting shareholders for further engagement. Special resolutions on director remuneration, related-party transactions, and share buybacks were also approved with strong majorities. The only resolution not passed was the authority to issue shares for cash, which received 74.30% support.
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