23 May 2018
Allied Minds plc (the "Company")
Results of Annual General Meeting
The Annual General Meeting of Allied Minds plc was held earlier today. All of the resolutions proposed at the Annual General Meeting were duly passed by the shareholders on a poll.
The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.
|
Resolutions |
For |
% |
Against |
% |
Withheld |
Total lodged |
|
1. To receive the Company's Annual Report and Accounts for the financial year ended 31 December 2017 |
184,004,205 |
100.00 |
3,332 |
0.00 |
1,227,582 |
184,007,537 |
|
2. To approve the Directors' Remuneration Report for the year ended 31 December 2017. |
136,095,133 |
73.96 |
47,914,260 |
26.04 |
1,225,726 |
184,009,393 |
|
3. To re-appoint KPMG LLP as auditor of the Company. |
184,007,020 |
100.00 |
2,017 |
0.00 |
1,226,082 |
184,009,037 |
|
4. To authorise the Audit Committee to determine the auditor's remuneration. |
184,004,587 |
99.34 |
1,228,306 |
0.66 |
2,226 |
185,232,893 |
|
5. To re-elect Mr Peter Dolan as a Director of the Company. |
182,785,192 |
98.68 |
2,445,851 |
1.32 |
4,076 |
185,231,043 |
|
6. To re-elect Ms Jill Smith as a Director of the Company. |
183,821,381 |
99.24 |
1,413,012 |
0.76 |
726 |
185,234,393 |
|
7. To re-elect Mr Harry Rein as a Director of the Company. |
183,838,747 |
99.91 |
168,440 |
0.09 |
1,227,932 |
184,007,187 |
|
8. To re-elect Mr Jeffrey Rohr as a Director of the Company. |
177,079,850 |
96.24 |
6,925,837 |
3.76 |
1,229,432 |
184,005,687 |
|
9. To re-elect Mr Kevin Sharer as a Director of the Company. |
141,547,648 |
76.42 |
43,684,895 |
23.58 |
2,576 |
185,232,543 |
|
10. To authorise the Directors to allot shares under section 551 of the Companies Act 2006. |
185,028,090 |
99.89 |
206,779 |
0.11 |
250 |
185,234,869 |
|
11. To disapply statutory pre-emption rights. |
185,224,985 |
100.00 |
8,402 |
0.00 |
1,732 |
185,233,387 |
|
12. In addition to the authority granted under Resolution 11, to disapply statutory pre-emption rights solely in relation to acquisitions and specified capital investments. |
184,173,557 |
99.43 |
1,059,830 |
0.57 |
1,732 |
185,233,387 |
|
13. To authorise the Company to make political donations and incur political expenditure. |
185,222,410 |
99.99 |
12,459 |
0.01 |
250 |
185,234,869 |
|
14. To authorise the Company to make market purchases of its own shares. |
184,161,382 |
99.43 |
1,055,283 |
0.57 |
18,454 |
185,216,665 |
|
15. To authorise the Company to hold general meetings on not less than 14 clear days' notice |
183,133,480 |
98.87 |
2,101,389 |
1.13 |
250 |
185,234,869 |
Over the last few months, Allied Minds engaged with its major shareholders to understand their views on remuneration matters. While all resolutions were passed at the annual general meeting, we were disappointed that there was a significant minority vote against both the advisory resolution for this year's remuneration report and the re-election of our remuneration committee chair. Naturally, we acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not supporting the relevant resolutions. The remuneration committee is committed to continuing dialogue with our shareholders ahead of the scheduled binding vote on remuneration policy at the 2019 annual general meeting.
Notes:
1. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
2. As at 21 May 2018, the number of issued shares in the Company was 240,250,732 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.
3. The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.alliedminds.com and on the National Storage Mechanism.
4. In accordance with Listing Rule 9.6.1, a copy of the resolutions, other than those concerning ordinary business has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
About Allied Minds
Allied Minds (LSE: ALM) is an IP commercialisation company focused on early stage company creation and development within the technology and life science sectors. With origination relationships spanning US federal laboratories, universities, and leading US corporations, Allied Minds sources, operates and funds a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. More information can be found at www.alliedminds.com.
For more information, please contact:
Allied Minds plc +1 617 419 1800
Neil Pizey, Head of Corporate Development
Credit Suisse International +44 20 7888 8888
Lewis Burnett
Numis Securities +44 20 7260 1000
Ben Stoop
FTI Consulting +44 20 3727 1000
Ben Atwell / Brett Pollard