(Alliance News) - IXICO PLC said a resolution to amend rule 3 of its long-term incentive plan failed to pass at the firm's annual general meeting on Friday.
Shares in IXICO closed down 2.5% at 76.06 pence in London.
The special resolution called for the amendment of the incentive plan to increase the overall percentage of IXICO's share capital which could be granted as share options to 15% from 13%.
The company, which focuses on the use of artificial intelligence in clinical development, said 52% of votes cast were against the resolution.
Chair Charles Spicer said: "The board notes the results of the resolution to approve the amendment to the IXICO [long-term incentive plan] and, over the coming months, will engage with those major shareholders who did not support this resolution to understand their concerns."
By Anna Farley; annafarley@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.