Kinovo PLC Result of AGM and Directorate change (6298Z)
September 15 2022 - 7:06AM
UK Regulatory
TIDMKINO
RNS Number : 6298Z
Kinovo PLC
15 September 2022
Kinovo plc
Result of Annual General Meeting and Directorate Change
The Annual General Meeting of Kinovo plc was held at the offices
of Hudson Sandler, 25 Charterhouse Square, London, EC1M 6AE on 15
September 2022 at 10:00 a.m.
Resolutions 1 to 6 were proposed as ordinary resolutions and
resolution 7 was proposed as a special resolution. The results of
the poll are outlined in the table below.
Resolution Votes for % Votes against % Votes withheld
Resolution 1 (Ordinary)
To receive and adopt the
Annual Report and Accounts
for the financial year
ended 31 March 2022. 21,414,922 100 0 0 0
----------- ------ -------------- ------ ---------------
Resolution 2 (Ordinary)
To appoint Moore Kingston
Smith LLP as auditor of
the Company. 21,414,922 100 0 0 0
----------- ------ -------------- ------ ---------------
Resolution 3 (Ordinary)
To elect Kim Wright as
a Director of the Company. 21,414,722 99.9 150 0.1 0
----------- ------ -------------- ------ ---------------
Resolution 4 (Ordinary)
To re-elect David Bullen
as a Director of the Company. 21,414,922 100 0 0 0
----------- ------ -------------- ------ ---------------
Resolution 5 (Ordinary)
To re-elect Clive Lovett
as a Director of the Company. 21,414,922 100 0 0 0
----------- ------ -------------- ------ ---------------
Resolution 6 (Ordinary)
To authorise the Directors
to allot relevant securities
pursuant to section 551
of the Companies Act 2006,
as set out in the Notice
of the Meeting. 21,414,722 99.9 150 0.1 0
----------- ------ -------------- ------ ---------------
Resolution 7 (Special)
To disapply pre-emption
rights. 12,100,458 56.51 9,314,464 43.49 0
----------- ------ -------------- ------ ---------------
The Board acknowledges the failure to pass resolution 7 and
intends to take action to understand the reasons behind the result.
The Board is disappointed in this outcome given that the resolution
follows the provisions of the Pre-emption Group's Statement of
Principles for the disapplication of pre-emption rights and
reflects UK-listed company market practice.
The Board considers the flexibility afforded by this authority
to be in the best interests of the Company and its shareholders and
notes that it has received support for this resolution at previous
Annual General Meetings. However, the Board remains committed to
continuing open and transparent dialogue and will, accordingly,
seek to continue to engage with those shareholders regarding their
views in this area.
As at 15 September 2022, there were 62,137,757 ordinary shares
in issue. Shareholders are entitled to one vote per share. Votes
withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a
resolution.
Directorate Change
At the Annual General Meeting held this morning, Sangita Shah
stated her intention to resign from the Board in due course. She
will remain in post to assist the Board find a suitable
successor.
For further information:
Kinovo plc
Sangita Shah, Chairman +44 (0)20 7796
4133
David Bullen, Chief Executive Officer (via Hudson Sandler)
Canaccord Genuity Limited (Nominated Adviser +44 (0)20 7523
and Sole Broker) 8000
Adam James
Andrew Potts
Harry Rees
+44 (0)20 7796
Hudson Sandler (Financial PR) 4133
Dan de Belder
Harry Griffiths
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
RAGBBGDCUGBDGDU
(END) Dow Jones Newswires
September 15, 2022 07:06 ET (11:06 GMT)
Kinovo (LSE:KINO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kinovo (LSE:KINO)
Historical Stock Chart
From Apr 2023 to Apr 2024