REG - Kinovo PLC - Result of AGM

KinovoAnnouncement

29/08/2024 07:00

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RNS Number : 0696C  Kinovo PLC  29 August 2024

Kinovo plc ("Kinovo", the "Company" or the "Group")

Result of Annual General Meeting

The Annual General Meeting of Kinovo plc was held on 28 August 2024 at 12:00pm
at the offices of Hudson Sandler, 25 Charterhouse Square, London.

All Resolutions, as set out in the Notice of Meeting dated 2 August 2024, were
voted by way of a poll. Resolutions 1, 2 and 4  were duly passed at the AGM.

The Board notes that resolution 3 in respect of the re-appointment of Moore
Kingston Smith LLP as auditors of the Company was not passed. The Board will
make a further announcement confirming next steps as soon as practicably
possible.

In addition, the Board notes that resolution 5 in respect of authorising the
Long Term Incentive Plan (on an advisory basis), resolutions 6 in respect of
authorising the Directors to allot shares in the Company and resolutions 7 and
8, in respect of authorising the directors to disapply pre-emption rights,
were not passed and that a significant proportion 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)                                                         25,010,672  100    0              0      0

 To receive the report and accounts for the year ended 31 March 2024 together
 with the Diretcors' reports and audior's report on those accounts.
 Resolution 2 (Ordinary)                                                         24,993,326  99.93  17,346         0.07   0

 To re-appoint Sangita Shah as a director of the Company.
 Resolution 3 (Ordinary)                                                         8,401,218   33.59  16,609,454     66.41  0

 To re-appoint Moore Kingston Smith LLP as auditors of the Company.
 Resolution 4 (Ordinary)                                                         25,010,672  100    0              0      0

 To authorise the Directors to determine the fees payable to the auditor.
 Resolution 5 (Ordinary)                                                         8,215,446   32.85  16,794,259     67.15  967

 To authorise the Long Term Incentive Plan.
 Resolution 6 (Ordinary)                                                         8,394,025   33.56  16,615,680     66.44  967

 To authorise the Directors to allot shares in the Company.
 Resolution 7 (Special)                                                          8,206,615   32.81  16,803,090     67.19  967

 To disapply pre-emption rights generally.
 Resolution 8 (Special)                                                          8,213,791   32.84  16,795,914     67.16  967

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

 

As at 28 August 2024, there were 63,291,315 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, Non-Executive Chair                               +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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