Instem plc Result of AGM (1172E)
June 28 2023 - 2:00AM
UK Regulatory
TIDMINS
RNS Number : 1172E
Instem plc
28 June 2023
Instem plc
("Instem" or the "Company")
Result of AGM
Instem (AIM: INS.L), a leading provider of IT solutions to the
global life sciences market, announces that at its Annual General
Meeting held yesterday, all resolutions were duly passed. The
results of the proxy voting position received in advance of the
meeting are reported below:
No. Resolution For % For Against % Against Withheld
Reports and
01 Accounts 12,896,645 100.00 0 0.00 91,158
---------------------- ----------- ------- ---------- ---------- ---------
Directors'
02 Remuneration 8,031,684 61.94 4,935,969 38.06 150
---------------------- ----------- ------- ---------- ---------- ---------
Re-elect Mary
03 Ruth Dolson 12,967,803 100.00 0 0.00 0
---------------------- ----------- ------- ---------- ---------- ---------
Re-elect David
04 Gare 12,326,198 99.98 2,574 0.02 639,031
---------------------- ----------- ------- ---------- ---------- ---------
Elect N J
05 Goldsmith 12,967,291 100.00 512 0.00 0
---------------------- ----------- ------- ---------- ---------- ---------
Re-elect R
06 A Bandali 12,965,229 99.98 2,574 0.02 0
---------------------- ----------- ------- ---------- ---------- ---------
Re-elect M
07 F McGoun 10,506,032 83.31 2,105,240 16.69 356,531
---------------------- ----------- ------- ---------- ---------- ---------
Re-elect P
08 J Reason 12,967,291 100.00 512 0.00 0
---------------------- ----------- ------- ---------- ---------- ---------
Re-appoint
09 Auditors 9,726,703 78.24 2,705,696 21.76 535,404
---------------------- ----------- ------- ---------- ---------- ---------
10 Auditors Remuneration 12,967,803 100.00 0 0.00 0
---------------------- ----------- ------- ---------- ---------- ---------
11 Allot Shares 12,064,426 93.03 903,377 6.97 0
---------------------- ----------- ------- ---------- ---------- ---------
Allot Equity
12 Securities 12,063,876 93.03 903,927 6.97 0
---------------------- ----------- ------- ---------- ---------- ---------
Make Market
13 Purchases 12,967,253 100.00 550 0.00 0
---------------------- ----------- ------- ---------- ---------- ---------
Notes:
-- The full text of each of the resolutions is contained in the
Notice of Annual General Meeting dated 2 June 2023, which is
available on the Company's website at https://www.instem.com .
-- Proxy appointments which gave discretion to the Chairman of
the AGM have been included in the "For" total for the appropriate
resolution.
-- A "Withheld" vote is not a vote in law and is not counted in
the calculation of the proportion of the votes cast "For" or
"Against" a resolution.
-- The issued share capital of the Company as at 27 June 2023
was 22,889,433 ordinary shares of 10p each. No shares are held in
treasury.
In compliance with the QCA Code, the Board notes the percentage
of votes cast against Resolutions 2 and 9 to approve the Directors'
Remuneration Report and the re-appointment of the Company's
Auditors. The Board has already engaged in discussions with certain
of its major shareholders and continues to maintain a healthy
dialogue with its investors. The Company will publish on its
website in due course an explanation of any different action it
plans on taking as a result of the vote.
For further information, please contact:
Instem plc Via Walbrook
Phil Reason, CEO
Nigel Goldsmith, CFO
Singer Capital Markets (Nominated
Adviser & Broker) +44 (0) 20 7496 3000
Peter Steel
Alex Bond
Oliver Platts
Stifel Nicolaus Europe Limited (Joint
Broker) +44 (0) 20 7710 7600
Ben Maddison
Richard Short
Walbrook Financial PR +44 (0) 20 7933 8780
Tom Cooper instem@walbrookpr.com
Nick Rome
Joe Walker
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END
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