REG - MicroSalt PLC - Results of General Meeting

MicroSaltAnnouncement

06/01/2025 17:00

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RNS Number : 2994S  MicroSalt PLC  06 January 2025

6 January 2025

MicroSalt plc

("MicroSalt" or the "Company")

 

Results of General Meeting

MicroSalt plc (AIM: SALT), a leading provider of full-flavour, natural salt
with approximately 50% less sodium, is pleased to announce that all
resolutions proposed to shareholders at its General Meeting ("GM") today were
duly passed.

The total number of votes received in respect of all resolutions were as
follows:

 No                                                                               For                     Against                Votes Withheld  Total Votes Cast
                                                                                  Number of votes  %      Number of votes  %
 Ordinary Resolutions
 1. Approve the Company's new long-term incentive plan, including any sub-plans   34,118,028       99.92  26,553           0.08  5,356           34,144,581
 and/or addenda ("LTIP").
 2. Grant the Directors the authority to adopt further schemes for the benefit    33,767,964       98.90  376,617          1.10  5,356           34,144,581
 of employees and non-employees outside the UK based on the LTIP but modified
 to take account of local tax, exchange control and securities laws in overseas
 territories

 

Notes:

1.   Proxy appointments which gave discretion to the Chairman of the GM have
been included in the "For" total for the appropriate resolution.

2.   Votes "For" and "Against" any resolution are expressed as a percentage
of votes validly cast for that resolution.

3.   A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

4.   The number of shares in issue on 6 January 2025 was 48,217,134.

5.   The full text of the resolutions passed at the GM can be found in the
Notice of General Meeting which is available on the Company's website at
www.microsalt.co.

 

About MicroSalt plc

MicroSalt® is dedicated to innovating food technology solutions that enable
people to live longer, healthier, and happier lives. Its patented low-sodium
salt delivers natural salt with approximately 50% less sodium and may be used
by both consumers and food manufacturers to decrease the amount of sodium in
their food. SaltMe! chips are produced using MicroSalt®, a patented
innovative salt technology which is 100% natural, non-GMO, gluten free, and
Kosher certified, that does not contain any potassium chloride. To learn more
about MicroSalt Inc. and MicroSalt® products, please
visit https://microsalt.co (https://microsalt.co/) , follow on X
@microSaltPLC or contact:

 

 MicroSalt plc                                                           Via Flagstaff
 Rick Guiney, CEO

 Zeus (Nominated Adviser and                                             +44 (0)20 3829 5000
 Broker)

 David Foreman / James Edis (Investment Banking)

 Flagstaff PR (Financial IR/FPR)                                         +44 (0)20 7129 1474
 Tim Thompson / Alison Allfrey / Anna Probert

 microsalt@flagstaffcomms.com

 

Notes to Editors

MicroSalt® produces a patented full-flavour, low-sodium salt for food
manufacturers and consumers.

MicroSalt is a major potential disruptor in the food market, thanks to its
micron sized particles which deliver the same sense of saltiness to a wide
range of foods but with approximately 50% less sodium. Excess sodium
consumption is a significant contributor to cardiovascular disease and
MicroSalt's solution meets the rising demand for healthier alternatives to
traditional salt. The WHO has set a target for reducing global sodium intake
by 30% by 2025, which it estimates will save 7 million lives by 2030.

Each year, cardiovascular disease costs the UK £19 billion - if the average
salt intake was reduced by one gram per day, it has been estimated that 4,147
lives and £288 million would be saved each year in the UK. As a nation, the
UK consumes 183 million kilograms of salt each year, and 70% of the typical
person's sodium intake is hidden in processed foods.

Operational since 2018, MicroSalt uses a patent-protected technology which
helps create high barriers to entry within the reduced-sodium salt market.

The Directors believe that MicroSalt is well positioned to capture growth in
the low sodium market, which is expected to grow exponentially, and that there
is also scope to enter the larger salt market.

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