MORHOMES ANNUAL GENERAL MEETING RESULTS
At an Annual General Meeting of the
Company duly convened on Thursday 5 September 2024 the following
resolutions were unanimously passed as an ordinary resolution and a
special, respectively:
ORDINARY
RESOLUTION
THAT the directors of the company be
and are hereby generally and unconditionally authorised pursuant to
section 551 of the Companies Act 2006 to exercise any power of the
company to allot relevant securities of the company up to a maximum
nominal amount of £2,100,000, provided that this authority shall,
unless renewed, varied or revoked by the Company, expire on the
date of the Company's next annual general meeting save that the
Company may, before such expiry, make an offer or agreement which
would or might require shares to be allotted or rights to be
granted and the Directors may allot shares or grant rights in
pursuance of such offer or agreement notwithstanding that the
authority conferred by this resolution has expired.
SPECIAL
RESOLUTION
THAT, subject to the passing of
Resolution 3 and in accordance with section 570 of the Companies
Act 2006 (the "Act"), the directors be generally empowered to allot
securities (as defined in section 560 of the Act) pursuant to the
authority conferred by Resolution 3, as if section 561(1) of the
Act did not apply to any such allotment provided that this power
shall:
a) be limited to the allotment
of equity securities up to an aggregate nominal amount of
£2,100,000; and
b) expire on the date of the
Company's next annual general meeting (unless renewed, varied or
revoked by the Company prior to or on that date), save that the
Company may, before such expiry, make an offer or agreement which
would or might require equity securities to be allotted after such
expiry and the Directors may allot equity securities in pursuance
of any such offer or agreement notwithstanding that the power
conferred by this resolution has expired.
CHANGE OF
DIRECTORATE
At the AGM, as part of planned Board
rotation, Neil Hadden, Chair of the Company, announced his
intention to retire from the Board on 30 September 2024. His
role as Director of the Company will not be replaced. Malcolm
Cooper, current Senior Independent Director of the Company, will
become Chair with effect from 1 October 2024. Geraldine
Howley will become Senior Independent Director with effect from 1
October 2024. Jane Pilcher will become Chair of Credit
Committee with effect from 1 October 2024. Mike Hinch will
become Chair of Audit and Risk Committee from 1 October
2024.