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Rathbones AGM Backs Dividend and Board, But Rejects Pre-Emption Waivers

Story Highlights
  • Rathbones shareholders approved most AGM resolutions, including dividend, audits and director elections.
  • Investors blocked pre-emption waivers and signalled dilution concerns, prompting planned board engagement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rathbones AGM Backs Dividend and Board, But Rejects Pre-Emption Waivers

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The latest update is out from Rathbones Group PLC ( (GB:RAT) ).

Rathbones Group PLC reported that shareholders approved the majority of resolutions at its 55th annual general meeting, including the adoption of 2025 financial statements, the directors’ remuneration report, a 68p final dividend, all director elections and re-elections, and the reappointment and remuneration authority of Deloitte as auditors. Investors also backed general authority to allot ordinary shares and the ability to call general meetings on 14 days’ notice, while strongly supporting authority for market purchases of ordinary shares.

However, two key special resolutions to disapply pre-emption rights, including for issues linked to acquisitions or capital investment, failed to reach the required 75% supermajority despite simple-majority support. A notable 36.58% vote against the general authority to allot shares underscored shareholder concerns over potential dilution, prompting the board to commit to extensive engagement with investors in the coming weeks and to provide a formal update within six months in line with UK corporate governance guidelines.

The most recent analyst rating on (GB:RAT) stock is a Sell with a £1850.00 price target. To see the full list of analyst forecasts on Rathbones Group PLC stock, see the GB:RAT Stock Forecast page.

Spark’s Take on RAT Stock

According to Spark, TipRanks’ AI Analyst, RAT is a Outperform.

The score is driven primarily by solid financial performance (improving profitability and low leverage) tempered by volatile cash-flow history. Earnings call factors are supportive due to synergy outperformance and clear margin improvement guidance, while technicals are mixed with near-term softness. Valuation is balanced: an attractive dividend yield offsets a mid-to-higher P/E.

To see Spark’s full report on RAT stock, click here.

More about Rathbones Group PLC

Rathbones Group PLC is a UK-based wealth management firm providing investment management and related financial services to private clients, charities, trustees and professional partners. Listed in London, the group focuses on discretionary fund management and tailored portfolio services for affluent and high-net-worth clients, primarily in the UK market.

Average Trading Volume: 93,169

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.08B

See more insights into RAT stock on TipRanks’ Stock Analysis page.

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