Bit of info - AGM Resolutions21 Sep 2024 18:58
Https://www.optibiotix-ir.com/docs/librariesprovider35/archive/report/ar2023.pdf
Special Business
To consider and, if thought fit, to pass the following resolutions as to the resolution numbered 6 as an Ordinary Resolution and as to the resolutions numbered 7 as Special Resolutions:
6. THAT the Directors be and they are hereby authorised generally and unconditionally for the purposes of Section 551 of the Companies Act 2006 (the “Act”) to exercise all powers of the Company to allot shares in the Company or to grant rights to subscribe for, or to convert any security into, shares in the Company (such shares and/or rights being “Relevant Securities”) up to an aggregate nominal amount of £652,954.24 being one third of the current issued share capital, provided that this authority shall, unless renewed, varied or revoked by the Company, expire on the date being the earlier of the date 15 months after the passing of this Resolution and the conclusion of the Annual General Meeting of the Company to be held in 2025, save that the Company may, before such expiry, make offers or agreements which would or might require Relevant Securities to be allotted and the Directors may allot Relevant Securities in pursuance of such offer or agreement notwithstanding that the authority conferred by this Resolution has expired.
This authority shall be in substitution for and shall replace any existing authority pursuant to Section 551 of the Act to the
extent not utilised at the date this resolution is passed.
7. THAT, subject to and conditional upon the passing of resolution 6, the Directors be and they are hereby generally empowered
pursuant to Section 570 of the Act to allot equity securities (as defined in Section 560 of the Act) for cash pursuant to the
authority conferred under Resolution 5 above as if sub-section 561(1) of the Act did not apply to such allotment, provided
that this power shall be limited to:
(a) the allotment of equity securities in connection with a rights issue or any pre-emptive offer in favour of holders of
ordinary shares in the Company where the equity securities attributable to the respective interests of such holders are
proportionate (as nearly as maybe) to the respective numbers of ordinary shares held by them on the record date for
such allotment subject to such exclusions or other arrangements as the Directors may deem necessary or expedient
to deal with fractional entitlements or any legal or practical difficulties under the laws of, or the requirements of, any
regulatory body or stock exchange of any overseas territory or otherwise;
(b) the allotment (otherwise than pursuant to sub-paragraph (a) above) of equity securities up to an aggregate nominal
value of £587,658.82 being 30% of the current issued share capital;
and shall expire on the date being the earlier of the date 15 months after the passing of this Resolution and the conclusion
of the Annual General Meeting of the Company to be held in 2025
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