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ASOS plc ( (GB:ASC) ) just unveiled an update.
ASOS plc has announced the withdrawal of Resolutions 18 and 19 from the agenda of its upcoming annual general meeting. These resolutions were special resolutions concerning the disapplication of pre-emption rights for the allotment of equity securities for cash, which aligned with the Pre-Emption Group’s 2022 Statement of Principles. The decision to withdraw was made following feedback from some shareholders, although the board believes the flexibility these resolutions would have provided is in the company’s best interest. The withdrawal does not impact the validity of the AGM notice or any votes for the remaining resolutions.
More about ASOS plc
Founded in 2000, ASOS is a prominent player in the fashion industry, catering to over 20 million active customers in more than 200 markets. The company offers a wide range of fashion products through its unique own brands, such as ASOS DESIGN, ASOS EDITION, COLLUSION, Topshop, and Topman, complemented by products from local and global partner brands. ASOS leverages its expert in-house design team and flexible commercial model, including services like ASOS Fulfilment Services and Partner Fulfils, to bring the latest fashion trends to consumers worldwide.
YTD Price Performance: -7.05%
Average Trading Volume: 299,833
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £492.9M
Learn more about ASC stock on TipRanks’ Stock Analysis page.
