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RNS Number : 5207Q Futura Medical PLC 28 June 2022
28 June 2022
Futura Medical plc
("Futura" or the "Company")
Futura Medical Announces Annual General Meeting Results
Futura Medical plc (AIM: FUM), a pharmaceutical company developing a portfolio
of innovative products based on its proprietary, transdermal DermaSys® drug
delivery technology and currently focused on sexual health and pain, today
announces that at its Annual General Meeting, held today at 10:00am BST, the
shareholders duly passed all resolutions.
The total number of votes received on each resolution were as follows:
Voting For Voting Against
Number of votes(i) % Number of votes % Total Votes % ISC Votes withheld(ii)
Resolution 1 To accept the Annual Report and accounts 132,535,568 95.80% 5,769,918 4.20% 138,305,486 48.14% 70,831
Resolution 2 To appoint Jeff Needham as a Director 138,246,246 99.98% 27,676 0.02% 138,273,922 48.13% 102,395
Resolution 3 To appoint Andrew Unitt as a Director 138,250,441 99.98% 23,481 0.02% 138,273,922 48.13% 102,395
Resolution 4 To re-elect Ken James as a Director 138,243,746 99.98% 30,676 0.02% 138,274,422 48.13% 101,895
Resolution 5 To re-appoint Grant Thornton UK LLP as Auditor 138,244,578 99.96% 49,908 0.04% 138,294,486 48.14% 81,831
Resolution 6 To authorise the Directors to determine the remuneration of Grant Thornton UK 138,276,015 99.97% 40,471 0.03% 138,316,486 48.14% 59,831
LLP
Resolution 7 To authorise the directors of the Company to issue and allot relevant 138,239,449 99.95% 65,970 0.05% 138,305,419 48.14% 70,898
securities (up to 1/3 of the existing issued share capital) pursuant to
section 551 of the Companies Act 2006
Resolution 8(iii) A Special Resolution empowering the Directors to disapply the pre-emption 138,150,793 99.90% 135,129 0.10% 138,285,922 48.13% 90,395
provision of section 561 of the Act in connection with an offer of equity
securities by way of a Rights Issue or up to an aggregate nominal value of
£28,729.00
Resolution 9 A Special Resolution empowering the Directors to disapply the pre-emption 138,170,921 99.92% 111,934 0.08% 138,282,855 48.13% 93,462
provision of section 561 of the Act in connection with an offer of equity
securities to fund an acquisition or a capital transaction
ⁱ Where shareholders appointed the Chairman as their proxy with discretion
as to voting, their votes were cast in favour of the resolution
ⁱⁱ A vote withheld is not a vote in law and is not counted towards the
votes cast "For" or "Against" a resolution
ⁱⁱⁱ Special Resolution (75% majority required)
The total voting rights of the Company as at 10:00 am on 24 June 2022 (the
time by which shareholders wanting to vote at the AGM were required to be
entered on the register) was 287,296,527 ordinary shares of 0.2p each. The
Company does not hold any shares in treasury
-ENDS-
For further information please contact:
Futura Medical plc
James Barder, Chief Executive
Angela Hildreth, Finance Director and COO
Email: investor.relations@futuramedical.com
(mailto:Investor.relations@futuramedical.com)
Tel: +44 (0) 1483 685 670
www.futuramedical.com (http://www.futuramedical.com/)
Nominated Adviser and Sole Broker:
Liberum
Phil Walker/ Richard Lindley/ Ben Cryer/ Kane Collings
Tel: +44 (0) 20 3100 2000
For media enquiries please contact:
Optimum Strategic Communications
Mary Clark/ Eva Haas/ Hollie Vile/ Zoe Bolt
Email: futuramedical@optimumcomms.com
Tel: +44 (0) 203 882 9621
About Futura Medical plc
Futura Medical plc (AIM: FUM), is a pharmaceutical company developing a
portfolio of innovative products based on its proprietary, transdermal
DermaSys® technology. Each DermaSys® formulation is separately patented and
specifically tailored for the selected indication and application, as well as
being optimised for clinical efficacy, safety, administration and patient
convenience. The products are developed for the prescription and consumer
healthcare markets as appropriate. Current therapeutic areas are sexual
health, including erectile dysfunction, and pain relief. Development and
commercialisation strategies are designed to maximise product differentiation
and value creation whilst minimising risk.
MED3000 is Futura's topical gel formulation that is a breakthrough treatment
for erectile dysfunction ("ED") through a unique evaporative mode of action.
Futura has conducted a Phase 3 study using MED3000 in ED, referred to as
"FM57". This was a 1,000 patient, dose-ranging, multi-centre, randomised,
double blind, placebo-controlled, home use, parallel group study delivering
highly statistically significant results compared to pre-treatment baseline,
consistently meeting all co-primary endpoints of IIEF, SEP2 and SEP3
(internationally accepted clinical trial endpoints in ED) with over 60% of
patients experiencing a clinically meaningful improvement in their ED.
MED3000 also begins to work immediately in some patients, with 60% of patients
seeing onset of their erection within 10 minutes of application. MED3000 is CE
marked in Europe and the UK as a clinically proven topical treatment
for adult men with erectile dysfunction.
Futura is based in Guildford, Surrey, and its shares trade on the AIM market
of the London Stock Exchange. www.futuramedical.com
(https://www.futuramedical.com/)
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