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Chrysalis survives continuation vote with overwhelming shareholder backing
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All resolutions proposed by the board were passed in an annual general meeting and extraordinary general meeting this morning (15 March), with over 97% of votes cast in favour of continuation for a further three years. The change to the capital allocation policy, which aims to return the first £100m of cumulative future realisations to shareholders, subject to it retaining a liquidity buffer, also received overwhelming backing, with 99% of the vote. Alongside the new management arrangements and the spin-out of the team from Jupiter to a new entity, shareholders voted in favour of a ...
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