LONDON – ASOS (LON:) plc, the global online fashion retailer, announced today the withdrawal of two resolutions that were set for vote at its annual general meeting (AGM) scheduled for later today. The withdrawn resolutions, numbered 18 and 19, pertained to the disapplication of pre-emption rights regarding the allotment of equity securities for cash.
The decision to retract these resolutions came after the company received input from some shareholders following the release of the AGM notice. Despite the Board’s belief that the authorities provided by these resolutions would benefit ASOS, they opted to respect the feedback and remove the items from the AGM agenda.
The withdrawal of these resolutions does not impact the validity of the AGM notice, the proxy form, or any votes already submitted for the remaining resolutions. The AGM will proceed as planned at Greater London House, with no changes to the arrangements previously announced, and the numbering of the remaining resolutions will stay the same.
ASOS, known for its own brands such as ASOS DESIGN, ASOS EDITION, COLLUSION, Topshop, and Topman, has not provided further details on the specific feedback from shareholders that led to this decision. The company continues to maintain its focus on serving its 20 million active customers across over 200 markets, offering a mix of fashion items from its in-house design team and various partner brands.
This move underscores the company’s responsiveness to shareholder concerns and its commitment to corporate governance. The information regarding the withdrawal of the resolutions is based on a press release statement from ASOS plc.
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