Postal ballot approves 2026 employee share plans and related-party deal
VEDPOWER · price
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Shareholders approved all nine postal ballot resolutions. Eight approvals covered the 2026 Employee Stock Option Plan, Employee Share Purchase Plan, extension to employees of holding and subsidiary companies, trust purchases and company funding. They received 96.04% to 98.49% support. The material related-party transaction received 99.94% support. About 2.75 billion votes represented 70.4% of eligible votes for the plan approvals.
Approval enables employee share plans and trust purchases of company shares, with possible cash outflow and potential dilution for shareholders.