NetScientific PLC Result of AGM (6773Q)

TIDMNSCI

RNS Number : 6773Q

NetScientific PLC

29 June 2022

NetScientific plc

("NetScientific", the "Group" or the "Company")

Result of AGM

NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group announces that at its 2022 Annual General Meeting held today, all resolutions were duly passed.

Resolutions 1 to 6 were passed as Ordinary Resolutions and Resolution 7 was passed as a Special Resolution. Voting on all resolutions at the Annual General Meeting was conducted by-poll and the results are as follows:

 
 Resolution                      For        %     Against    %     Vote Total   Vote Total as % of Issued    Withheld* 
                                                                                      Share Capital 
 1. To receive adopt the 
  accounts of the Company 
  for the period ended 
  31(st) December 2021        6,879,550   99.9%    6,176    0.1%   6,885,726              29.5%                 600 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 2. To approve the 
  Directors' Remuneration 
  Report                      6,869,255   99.8%   17,059    0.2%   6,886,314              29.5%                 12 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 3. To reappoint BDO LLP as 
  auditors                    6,852,795   99.5%   32,931    0.5%   6,885,726              29.5%                 600 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 4. To authorise Audit 
  Committee Determining 
  Auditors' remuneration      6,882,509   99.9%    3,817    0.1%   6,886,326              29.5%-                 0 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 5. To reappoint Professor 
  Stephen Smith as director   6,879,852   99.9%    6,474    0.1%   6,886,326              29.5%                  0 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 6. To authorise the 
  Directors to allot 
  relevant securities 
  pursuant to section 551 
  of the 
  Companies Act 2006          6,870,334   99.8%   15,992    0.2%   6,886,326              29.5%                  0 
                             ----------  ------  --------  -----  -----------  ---------------------------  ---------- 
 7. To disapply pre-emption 
  rights on the allotment 
  of securities or sale of 
  treasury shares 
  in connection with a 
  pre-emptive offer or on 
  allotment of shares         6,861,878   99.7%   21,317    0.3%   6,883,195              29.5%                3,131 
                             ----------  ------  --------  -----  -----------  ---------------------------  ----------

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

###

For more information, please contact:

 
NetScientific                          Via Walbrook PR 
John Clarkson, Chairman 
 
WH Ireland (NOMAD, Financial Adviser 
 and Broker) 
Chris Fielding / Darshan Patel         +44 (0)20 7220 1666 
 
Walbrook PR 
Nick Rome/ Paul McManus                07748 325 236 or 07980 541 893

About NetScientific

NetScientific plc (AIM: NSCI) is a holding company, that invests in, develops, commercialises and realises shareholder value in life sciences/healthcare, sustainability and technology companies, which offer significant growth potential in the UK, Europe and USA, as well as globally.

Since the adoption of the New Strategy in 2020, the Group has nearly trebled its portfolio from 8 to 22 companies, either through subsidiary, direct balance sheet investment or capital under advisory.

NetScientific delivers shareholder returns through a proactive and hands-on management approach to their portfolio companies; identifying, investing in, and helping to build game-changing companies. The Group targets value inflection points and the release of value through partial or full exits from trade sales, public listings, or equity sales. The Company has a strong transatlantic and growing international presence, providing attractive expansion prospects.

NSCI can deploy a capital-light investment structure; utilising the power of the PLC Brand, and the NetScientific balance sheet to anchor future investments and achieve a multiplier effect by attracting third party investment for the portfolio companies.

NetScientific is headquartered in London, United Kingdom, and was admitted to trading on AIM, a market operated by the London Stock Exchange, in 2013 (website: www.netscientific.net ).

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