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Card Factory Addresses Shareholder Concerns on Chair Reappointment

Story Highlights
  • Card Factory plc’s AGM saw over 20% opposition to Chair Paul Moody’s reappointment.
  • The Board cites diversity issues for opposition despite major shareholder support for Moody.
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Card Factory Addresses Shareholder Concerns on Chair Reappointment

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The latest update is out from Card Factory ( (GB:CARD) ).

Card Factory plc held its 2024 Annual General Meeting where all resolutions were passed, but over 20% of votes were cast against reappointing the Chair, Paul Moody. The Board engaged with major shareholders, who supported the reappointment, and noted that votes against Moody might be due to Board diversity issues. The Board is composed of 33% women and believes its current composition meets the company’s operational and strategic needs, though it will continue to review diversity aspects.

More about Card Factory

Card Factory plc is the UK’s leading specialist retailer of greeting cards, gifts, and celebration essentials, focusing on providing a wide range of celebratory products.

YTD Price Performance: 1.39%

Average Trading Volume: 2,731,151

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £358.4M

For detailed information about CARD stock, go to TipRanks’ Stock Analysis page.

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