Result of AGM

Kinovo PLC

31 August 2023

 

Kinovo plc

Annual General Meeting

Result of Annual General Meeting

The Annual General Meeting of Kinovo plc was held at to be held at the offices of Hudson Sandler, 25 Charterhouse Square, London, EC1M 6AE on 30 August 2023 at 12:00 p.m.

All Resolutions, as set out in the Notice of Meeting dated 4 August 2023, were voted by way of a poll. All Resolutions, with the exception of Special Resolutions 7 and 8, were duly passed at the AGM.

The Board notes that resolutions 7 and 8, in respect of authorising the directors to disapply pre-emption rights, were not passed and that a significant proportion (more than 20%) 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 Annual Report and Accounts for the year ended 31 March 2023	30,116,170	100.00	0	0.00	0
Resolution 2 (Ordinary) To re-elect Sangita Shah as a director of the Company.	30,116,020	99.99	150	0.00	0
Resolution 3 (Ordinary) To re-elect David Guest as a director of the Company.	30,111,074	99.98	5,096	0.02	0
Resolution 4 (Ordinary) To re-appoint Moore Kingston Smith LLP as auditors of the Company	30,116,170	100.00	0	0.00	0
Resolution 5 (Ordinary) To authorise the Directors to determine the fees payable to the auditor.	30,114,963	99.99	1,207	0.00	0
Resolution 6 (Ordinary) To authorise the Directors to allot shares in the Company.	30,096,020	99.93	20,150	0.07	0
Resolution 7 (Special) To disapply pre-emption rights generally	11,539,701	38.32	18,576,469	61.68	0
Resolution 8 (Special) To disapply pre-emption rights pursuant to allotments to finance acquisitions and capital investments	11,538,481	38.31	18,577,689	61.69	0

As at 30 August 2023, there were 62,788,214 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, Chairman David Bullen, Chief Executive Officer	[phone] (via Hudson Sandler)
Canaccord Genuity Limited (Nominated Adviser and Sole Broker)	[phone]
Adam James Andrew Potts Harry Rees
Hudson Sandler (Financial PR)	[phone]
Dan de Belder Harry Griffiths

 

END