REG - IP Group PLC - Result of AGM

IPAnnouncement

12/06/2024 14:45

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RNS Number : 1922S  IP Group PLC  12 June 2024

 FOR RELEASE ON  12 June 2024

 

IP Group plc - Results of Annual General Meeting

 

The Annual General Meeting ("AGM") of IP Group plc was held earlier today. All
of the Resolutions proposed at the AGM were passed by the appropriate majority
on a poll.

 

IP Group plc Annual General Meeting Poll Results

 

     RESOLUTION                                                                       VOTES        %       VOTES        %       VOTES        % of ISC VOTED  VOTES

FOR
AGAINST
TOTAL
WITHHELD
 1   To receive the Directors' Report, the Audited Statement of Accounts and          639,543,600  99.99%  56,711       0.01%   639,600,311  62.14%          86,826,847
     Auditor's Report of the Company for the financial year ended 31 December 2023.
 2   To approve the Directors' Remuneration Report for the year ended 31 December     599,931,114  82.62%  126,245,469  17.38%  726,176,583  70.55%          250,575
     2023.
 3   To re-appoint KPMG LLP as auditor of the Company.                                620,540,602  96.17%  24,721,870   3.83%   645,262,472  62.69%          81,164,686
 4   To authorise the Directors to fix the remuneration of KPMG LLP as auditor of     706,913,382  97.32%  19,496,630   2.68%   726,410,012  70.57%          17,146
     the Company.
 5   To re-elect Mr David Baynes as a Director of the Company.                        724,086,322  99.71%  2,100,274    0.29%   726,186,596  70.55%          240,562
 6   To re-elect Dr Caroline Brown as a Director of the Company.                      638,190,625  98.90%  7,072,475    1.10%   645,263,100  62.69%          81,164,058
 7   To re-elect Mr Heejae Chae as a Director of the Company.                         505,165,832  78.29%  140,073,563  21.71%  645,239,395  62.69%          81,187,763
 8   To re-elect Sir Douglas Flint as a Director of the Company.                      631,952,107  98.77%  7,899,949    1.23%   639,852,056  62.16%          86,575,102
 9   To re-elect Ms Aedhmar Hynes as a Director of the Company.                       637,489,586  98.80%  7,773,514    1.20%   645,263,100  62.69%          81,164,058
 10  To re-elect Ms Anita Kidgell as a Director of the Company.                       609,581,219  98.95%  6,491,184    1.05%   616,072,403  59.85%          110,354,755
 11  To re-elect Mr Greg Smith as a Director of the Company.                          724,213,431  99.73%  1,974,088    0.27%   726,187,519  70.55%          239,639
 12  To authorise the Directors to exercise all the powers of the Company to allot    718,924,490  98.97%  7,491,806    1.03%   726,416,296  70.57%          10,862
     shares and grant rights to subscribe for or to convert any security into
     shares in the Company subject to the limits set out in the AGM notice.
 13  To empower the Directors to allot equity securities for cash, or sell treasury   628,975,287  86.81%  95,528,700   13.19%  724,503,987  70.39%          1,923,171
     shares, dis-applying statutory pre-emption rights subject to the limits set
     out in the AGM notice.
 14  In addition to the authority granted under Resolution 13, to empower the         610,301,817  84.24%  114,199,377  15.76%  724,501,194  70.39%          1,925,964
     Directors to allot equity securities in connection with an acquisition or
     other capital investment as if section 561(1) of the Companies Act 2006
     ("Act") did not apply to any such allotment, subject to the limits set out in
     the AGM notice.
 15  To authorise the Company and its subsidiaries to incur political expenditure     704,218,957  96.94%  22,199,270   3.06%   726,418,227  70.57%          8,931
     (as defined in section 365 of the Act) not exceeding £50,000 in total.
 16  To authorise the Company to make market purchases (as defined in section         721,034,126  99.28%  5,248,159    0.72%   726,282,285  70.56%          144,873
     693(4) of the Act) of the Company's ordinary shares, subject to the limits set
     out in the AGM notice.
 17  To enable a general meeting other than an Annual General Meeting to be called    718,259,364  98.88%  8,159,929    1.12%   726,419,293  70.57%          7,865
     on not less than 14 clear days' notice.
 18  To approve the terms of the new IP Group 2024 Sharesave Plan.                    719,004,534  99.02%  7,106,845    0.98%   726,111,379  70.54%          315,779

 

 

 

In accordance with Listing Rule 9.6.1, a copy of the Resolutions has been
submitted to the National Storage Mechanism and will shortly be available for
inspection at:
www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(http://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
.

 

 

For more information, please contact:

 

 IP Group plc                                             www.ipgroupplc.com (http://www.ipgroupplc.com)
 Liz Vaughan-Adams, Communications                        +44 (0) 20 7444 0062/+44 (0) 7979 853802

 

 Portland
 Alex Donaldson            +44 (0) 7516 729702

 

Notes for editors

 

About IP Group

 

IP Group accelerates the impact of science for a better
future. As the most active UK based, early stage science investor, we
develop and support some of the world's most exciting businesses in
deeptech, life sciences and cleantech (led by Kiko Ventures). Through
Parkwalk, the UK's largest growth EIS fund manager, we also back
world-changing innovation emerging in leading universities and research
institutions. Our specialist investment team combines sector expertise with
an international approach. Together we have a strong track record of success,
having backed high-profile companies including Oxford Nanopore Technologies
plc, First Light Fusion, Hysata, and Oxbotica. IP Group is listed on the Main
Market of the London Stock Exchange under the code IPO.

 

For more information, please visit our website at www.ipgroupplc.com
(http://www.ipgroupplc.com/) .

 

ENDS

 

 

 

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