Kinovo plc ("Kinovo", the
"Company" or the "Group")
Result of Annual General
Meeting
The Annual General Meeting of Kinovo
plc was held on 28 August 2024 at 12:00pm at the offices of Hudson
Sandler, 25 Charterhouse Square, London.
All Resolutions, as set out in the
Notice of Meeting dated 2 August 2024, were voted by way of a poll.
Resolutions 1, 2 and 4 were duly passed at the
AGM.
The Board notes that resolution 3 in
respect of the re-appointment of Moore Kingston Smith LLP as
auditors of the Company was not passed. The Board will make a
further announcement confirming next steps as soon as practicably
possible.
In addition, the Board notes
that resolution 5 in respect of authorising the Long Term Incentive
Plan (on an advisory basis), resolutions 6 in respect of
authorising the Directors to allot shares in the Company and
resolutions 7 and 8, in respect of authorising the directors to
disapply pre-emption rights, were not passed and that a significant
proportion had voted against these resolutions. The Board will
continue to engage in discussions with shareholders to better
understand their views.
The number of votes cast for and
against each of the resolutions proposed, and the number of votes
withheld were as follows:
|
Resolution
|
Votes
for
|
%
|
Votes
against
|
%
|
Votes
withheld
|
|
Resolution 1 (Ordinary)
To receive the report and accounts
for the year ended 31 March 2024 together with the Diretcors'
reports and audior's report on those accounts.
|
25,010,672
|
100
|
0
|
0
|
0
|
|
Resolution 2 (Ordinary)
To re-appoint Sangita Shah as a
director of the Company.
|
24,993,326
|
99.93
|
17,346
|
0.07
|
0
|
|
Resolution 3 (Ordinary)
To re-appoint Moore Kingston Smith
LLP as auditors of the Company.
|
8,401,218
|
33.59
|
16,609,454
|
66.41
|
0
|
|
Resolution 4 (Ordinary)
To authorise the Directors to
determine the fees payable to the auditor.
|
25,010,672
|
100
|
0
|
0
|
0
|
|
Resolution 5 (Ordinary)
To authorise the Long Term Incentive
Plan.
|
8,215,446
|
32.85
|
16,794,259
|
67.15
|
967
|
|
Resolution 6 (Ordinary)
To authorise the Directors to allot
shares in the Company.
|
8,394,025
|
33.56
|
16,615,680
|
66.44
|
967
|
|
Resolution 7 (Special)
To disapply pre-emption rights
generally.
|
8,206,615
|
32.81
|
16,803,090
|
67.19
|
967
|
|
Resolution 8 (Special)
To disapply pre-emption rights
pursuant to allotments to finance acquisitions and capital
investments.
|
8,213,791
|
32.84
|
16,795,914
|
67.16
|
967
|
As at 28 August 2024, there were
63,291,315 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.
The full text of each resolution is
available in the Notice of Annual General Meeting, published on our
website.
Enquiries
|
Kinovo plc
|
|
|
Sangita Shah, Non-Executive
Chair
David Bullen, Chief Executive
Officer
|
+44 (0)20 7796 4133
(via Hudson Sandler)
|
|
|
|
|
Canaccord Genuity Limited (Nominated Adviser and Sole Broker)
|
+44 (0)20 7523 8000
|
|
Adam James
Andrew Potts
Harry Rees
|
|
|
Hudson Sandler (Financial
PR)
Dan de Belder
Harry Griffiths
|
+44 (0)20 7796 4133
|