Grafton (GB:GFTU) has released an update.
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Grafton Group’s recent AGM saw the approval of most resolutions, but a shareholder-driven Resolution concerning share buybacks and their impact on earnings per share was not passed, despite a significant minority support. The company is engaging with those shareholders to better understand their concerns and aims to incorporate their feedback into future capital deployment strategies. Detailed responses to these concerns will be included in Grafton’s 2024 Annual Report.
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