REG - Kinovo PLC - Result of AGM

KinovoAnnouncement

31/08/2023 07:00

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RNS Number : 8705K  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)                                                         30,116,170  100.00  0              0.00   0

 To receive the Annual Report and Accounts for the year ended 31 March 2023
 Resolution 2 (Ordinary)                                                         30,116,020  99.99   150            0.00   0

 To re-elect Sangita Shah as a director of the Company.
 Resolution 3 (Ordinary)                                                         30,111,074  99.98   5,096          0.02   0

 To re-elect David Guest as a director of the Company.
 Resolution 4 (Ordinary)                                                         30,116,170  100.00  0              0.00   0

 To re-appoint Moore Kingston Smith LLP as auditors of the Company
 Resolution 5 (Ordinary)                                                         30,114,963  99.99   1,207          0.00   0

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 6 (Ordinary)                                                         30,096,020  99.93   20,150         0.07   0

 To authorise the Directors to allot shares in the Company.
 Resolution 7 (Special)                                                          11,539,701  38.32   18,576,469     61.68  0

 To disapply pre-emption rights generally
 Resolution 8 (Special)                                                          11,538,481  38.31   18,577,689     61.69  0

 To disapply pre-emption rights pursuant to allotments to finance acquisitions
 and capital investments

 

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                                          +44 (0)20 7796 4133

 David Bullen, Chief Executive Officer                           (via Hudson Sandler)

 Canaccord Genuity Limited (Nominated Adviser and Sole Broker)   +44 (0)20 7523 8000
 Adam James

 Andrew Potts

 Harry Rees

 Hudson Sandler (Financial PR)                                   +44 (0)20 7796 4133
 Dan de Belder

 Harry Griffiths

 

 

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