Instem plc Result of AGM (1172E)

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGSEMESWEDSEFM

(END) Dow Jones Newswires

June 28, 2023 02:00 ET (06:00 GMT)

Instem (LSE:INS)
Historical Stock Chart
From Jun 2024 to Jul 2024