API held two sequence of conferences the place shareholders voted on the movement on Wednesday (27 March), its annual basic assembly and API court docket assembly.
The proposal wanted a minimum of 75% by worth of API shares voted at each conferences, and a majority in variety of API shareholders voting on the court docket assembly as a way to move the movement.
In the long run, 60.8% of votes solid have been in favour of the proposal on the AGM, and 61.4% on the court docket assembly, failing to satisfy the 75% hurdle required to move the movement. General, 86.15% by variety of API shareholders voted on the court docket assembly.
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