ASOS shareholders back AGM resolutions as board shelves buyback and short-notice meeting powers

An announcement from ASOS plc ( (GB:ASC) ) is now available.

ASOS plc reported that all resolutions put to shareholders at its 22 January 2026 Annual General Meeting were passed by poll, including approval of the 2025 Annual Report and Accounts, the directors’ remuneration report, the re-election of all standing directors, the election of two new directors, and the re-appointment and fee authority for its auditors, with each resolution supported by around 72% of votes cast. However, the board withdrew two special resolutions that would have authorised on-market share buybacks and allowed general meetings to be called on 14 days’ notice, following engagement with some shareholders, signalling ongoing investor sensitivity around capital allocation and governance; Chair Natasja Laheij said the strong backing for the remaining items underpins the group’s transformation strategy and focus on long-term shareholder value, as ASOS continues to implement its turnaround after what it described as meaningful progress in FY25.

The most recent analyst rating on (GB:ASC) stock is a Sell with a £2.10 price target. To see the full list of analyst forecasts on ASOS plc stock, see the GB:ASC Stock Forecast page.

Spark’s Take on GB:ASC Stock

According to Spark, TipRanks’ AI Analyst, GB:ASC is a Neutral.

ASOS plc’s overall stock score reflects a mix of financial challenges and strategic improvements. The most significant factor is the company’s precarious financial health, with high leverage and persistent losses. However, positive technical indicators and strategic initiatives highlighted in the earnings call, such as improved profitability and consumer engagement, provide some optimism. The stock’s valuation remains a concern due to its negative P/E ratio.

To see Spark’s full report on GB:ASC stock, click here.

More about ASOS plc

ASOS plc is a UK-based online fashion retailer serving around 17 million active customers in more than 150 markets. The company offers a broad range of apparel and accessories through its own brands, including ASOS DESIGN, ARRANGE, COLLUSION, Topshop and Topman, alongside products from local and global partner brands, supported by an agile fulfilment model that includes ASOS Fulfilment Services, Partner Fulfils and its Test & React approach.

Average Trading Volume: 290,119

Technical Sentiment Signal: Sell

Current Market Cap: £352.9M

Learn more about ASC stock on TipRanks’ Stock Analysis page.