Result of General Meeting

Oxford Cannabinoid Tech.Holdings
19 February 2024
 

 

Oxford Cannabinoid Technologies Holdings plc

("OCTP" or the "Company")

 

Result of General Meeting

 

Oxford Cannabinoid Technologies Holdings plc (LSE:OCTP), the biotech company developing prescription cannabinoid medicines, announces that the resolution set out in the notice of General Meeting ("GM") dated 2 February 2024 was passed at the GM held at the offices of Penningtons Manches Cooper LLP, 125 Wood Street, London EC2V 7AW on Monday 19 February 2024.

 


Resolution

For (including discretionary)

%

Against

%

Total

% of ISC voted

Withheld*

1.

To authorise the Directors to disapply pre-emption rights

290,480,878

99.90

293,050

0.10

290,773,928

30.28

979,602

 

*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

 

The Directors of the Company take responsibility for this announcement.

 

Enquiries:

 

Oxford Cannabinoid Technologies Holdings plc

+44 (0)20 3034 2820

Clarissa Sowemimo-Coker (CEO)

clarissa@oxcantech.com



Cairn Financial Advisers LLP


Emily Staples

+44 (0)20 7213 0897

Jo Turner

+44 (0) 20 7213 0885



Axis Capital Markets Limited


Richard Hutchison

+44 (0)20 3026 0320



Acuitas Communications

020 3745 0293 / 07799 767676

Simon Nayyar

simon.nayyar@acuitascomms.com

Arthur Dingemans

arthur.dingemans@acuitascomms.com

 

 

About Oxford Cannabinoid Technologies Holdings Plc:

Oxford Cannabinoid Technologies Holdings plc ("OCTP") is the holding company of Oxford Cannabinoid Technologies Ltd (together the "Group"), a pharmaceutical Group developing prescription cannabinoid medicines initially targeting the US$ multi-billion global pain market.

 

OCTP currently has a portfolio of four drug development programmes. Its lead compound, OCT461201, will initially target neuropathic and visceral pain (including irritable bowel syndrome ("IBS") and chemotherapy induced peripheral neuropathy ("CIPN"). The global market for CIPN alone is currently forecast to reach US$1.17bn by 2028.

 

OCTP's drug development pipeline comprises both natural and synthetic compounds, and includes compounds targeting trigeminal neuralgia, a severe type of face pain, and cannabinoid derivatives targeting pain and potentially other therapeutic areas. Having established an exclusive licence agreement with Canopy Growth Corporation for their entire pharmaceutical cannabinoid derivative library, OCTP now has a portfolio of almost five hundred derivatives and intellectual property rights including fourteen patent families and associated research data.

 

OCTP has a clearly defined path to commercialisation, revenues and growth. The Group is developing drug candidates through clinical trials to gain regulatory approval (FDA/MHRA/EMA) that will enable medical professionals to prescribe them with confidence. OCTP's portfolio aims to balance risk, value and time to market, whilst ensuring market exclusivity around all its key activities.

 

 

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
 
 
UK 100

Latest directors dealings