At an Extraordinary General Meeting and at separate Class Meetings of the ordinary and preference shareholders held on May 12, shareholders of UK-based leather producer Pittards approved all of the resolutions required to implement the company’s share capital reorganisation and to enable the arrangements for the transfer of the Pension Schemes to the Pension Protection Fund (PPF). Completion of the arrangements with the PPF remains conditional on a number of legal formalities which are expected to be fulfilled this week.

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