REG - IP Group PLC - Result of AGM

IPAnnouncement

15/06/2023 13:30

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RNS Number : 8821C  IP Group PLC  15 June 2023

 FOR RELEASE ON  15 June 2023

 

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          751,809,999  99.99  23,443       0.01   751,833,442  72.51           5,668,073
     Auditor's Report of the Company for the financial year ended 31 December 2022.
 2   To approve the Directors' Remuneration Report for the year ended 31 December     643,188,184  85.99  104,756,327  14.01  747,944,511  72.13           9,557,004
     2022.
 3   To declare the final dividend for the year ended 31 December 2022.               757,477,036  99.99  14,488       0.01   757,491,524  73.05           9,991
 4   To re-appoint KPMG LLP as auditor of the Company.                                752,189,362  99.30  5,269,236    0.70   757,458,598  73.05           42,917
 5   To authorise the Directors to fix the remuneration of KPMG LLP as auditor of     757,426,619  99.99  32,885       0.01   757,459,504  73.05           42,011
     the Company.
 6   To elect Ms Anita Kidgell as Director of the Company.                            731,948,592  96.65  25,401,836   3.35   757,350,428  73.04           151,087
 7   To re-elect Mr David Baynes as a Director of the Company.                        756,498,620  99.88  889,906      0.12   757,388,526  73.04           112,989
 8   To re-elect Dr Caroline Brown as a Director of the Company.                      749,339,961  98.94  8,049,464    1.06   757,389,425  73.04           112,090
 9   To re-elect Mr Heejae Chae as Director of the Company.                           719,168,838  94.95  38,217,371   5.05   757,386,209  73.04           115,306
 10  To re-elect Sir Douglas Flint as a Director of the Company.                      741,859,090  97.95  15,525,370   2.05   757,384,460  73.04           117,055
 11  To re-elect Ms Aedhmar Hynes as a Director of the Company.                       748,385,828  98.81  9,004,528    1.19   757,390,356  73.04           111,159
 12  To re-elect Mr Greg Smith as a Director of the Company.                          756,781,301  99.92  610,176      0.08   757,391,477  73.04           110,038
 13  To re-elect Dr Elaine Sullivan as a Director of the Company.                     736,275,915  97.88  15,952,050   2.12   752,227,965  72.54           5,273,550
 14  To authorise the Directors to                                                    750,480,664  99.08  6,960,298    0.92   757,440,962  73.05           60,553

     exercise all the powers of the Company to allot 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.
 15  To empower the Directors to allot equity securities for cash, or sell treasury   717,892,773  94.78  39,545,240   5.22   757,438,013  73.05           63,502
     shares, dis-applying statutory pre-emption rights subject to the limits set
     out in the AGM notice.
 16  In addition to the authority granted under Resolution 15, to empower the         697,425,557  92.08  60,011,259   7.92   757,436,816  73.05           64,699
     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.
 17  To authorise the Company and its subsidiaries to incur political expenditure     721,657,544  95.27  35,833,896   4.73   757,491,440  73.05           10,075
     (as defined in section 365 of the Act) not exceeding £50,000 in total.
 18  To authorise the Company to make market purchases (as defined in section         750,533,731  99.11  6,776,371    0.89   757,310,102  73.03           191,413
     693(4) of the Act) of the Company's ordinary shares, subject to the limits set
     out in the AGM notice.
 19  To enable a general meeting other than an Annual General Meeting to be called    746,610,050  98.57  10,861,966   1.43   757,472,016  73.05           29,499
     on not less than 14 clear days' notice.

 

 

 

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
 Vic Wallin       +44 (0) 7973 823119

 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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