Gem Diamonds (GB:GEMD) has released an update.
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Gem Diamonds faced shareholder opposition during its June 2024 AGM, with key resolutions regarding the Directors’ Remuneration Policy and allotment of shares receiving less support than expected. Despite prior engagement with major shareholders, Resolutions 2, 3, and 13 garnered only modest approval, highlighting ongoing challenges in aligning shareholder expectations with company policies. The board intends to continue evaluating shareholder feedback ahead of future AGMs.
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