28 Jun 2023 07:00
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 |
01 | Reports and Accounts | 12,896,645 | 100.00 | 0 | 0.00 | 91,158 |
02 | Directors' Remuneration | 8,031,684 | 61.94 | 4,935,969 | 38.06 | 150 |
03 | Re-elect Mary Ruth Dolson | 12,967,803 | 100.00 | 0 | 0.00 | 0 |
04 | Re-elect David Gare | 12,326,198 | 99.98 | 2,574 | 0.02 | 639,031 |
05 | Elect N J Goldsmith | 12,967,291 | 100.00 | 512 | 0.00 | 0 |
06 | Re-elect R A Bandali | 12,965,229 | 99.98 | 2,574 | 0.02 | 0 |
07 | Re-elect M F McGoun | 10,506,032 | 83.31 | 2,105,240 | 16.69 | 356,531 |
08 | Re-elect P J Reason | 12,967,291 | 100.00 | 512 | 0.00 | 0 |
09 | Re-appoint 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 |
12 | Allot Equity Securities | 12,063,876 | 93.03 | 903,927 | 6.97 | 0 |
13 | Make Market 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 SteelAlex 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 | |