REG - RTW Biotech Opp. - Result of AGM

RTW Biotech OpportunitiesAnnouncement

09/06/2025 16:00

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RNS Number : 0617M  RTW Biotech Opportunities Ltd  09 June 2025

LEI: 549300Q7EXQQH6KF7Z84

 

9 June 2025

RTW BIOTECH OPPORTUNITIES LTD

 (the "Company")

 

Results of the Annual General Meeting ("AGM")

 

The Company is pleased to announce that, at the sixth AGM held at 14.00 BST
today, 9 June 2025, each of the Resolutions was duly passed without
amendment.

 

The details of each resolution are as follows:

 

ORDINARY RESOLUTIONS

 

Resolution 1

IT WAS RESOLVED to receive and consider the Audited Financial Statements, the
Directors' report, and the auditor's report for the financial year ended 31
December 2024.

 

 For       149,172,488 votes
 Against   1,607 votes
 Withheld  16,084 votes

 
 
 

Resolution 2

IT WAS RESOLVED to approve the Directors' remuneration for the financial year
ended 31 December 2024 as provided in the Directors' report.

 

 For       149,065,933 votes
 Against   99,493 votes
 Withheld  24,753 votes

 

Resolution 31

IT WAS RESOLVED to re-elect William Simpson as a Director of the Company.

 

 For       480,796,845 votes
 Against   22,288 votes
 Withheld  34,696 votes

 

Resolution 41

IT WAS RESOLVED to re-elect Paul Le Page as a Director of the Company.

 

 For       480,787,459 votes
 Against   32,443 votes
 Withheld  33,927 votes

 

Resolution 51

IT WAS RESOLVED to re-elect Bill Scott as a Director of the Company.

 

 For       480,409,211 votes
 Against   410,691 votes
 Withheld  33,927 votes

 

Resolution 61

IT WAS RESOLVED to re-elect Baroness Nicola Blackwood as a Director of the
Company.

 

 For       480,797,614 votes
 Against   22,726 votes
 Withheld  33,489 votes

 

Resolution 7

IT WAS RESOLVED to re-elect Stephanie Sirota as a Director of the Company.

 

 For       147,555,279 votes
 Against   1,600,642 votes
 Withheld  34,258 votes

 

Resolution 8

IT WAS RESOLVED to re-appoint KPMG Channel Islands Limited and KPMG
LLP as Auditor of the Company.

 

 For       149,139,600 votes
 Against   27,622 votes
 Withheld  22,957 votes

 

Resolution 9

IT WAS RESOLVED to authorise the Board of Directors to determine the
remuneration of the Auditor.

 

 For       149,156,787 votes
 Against   13,246 votes
 Withheld  20,146 votes

 

As Special business

 

 Resolution 10

 IT WAS RESOLVED That the Company be and is hereby authorised, in accordance
 with section 315 of the Companies (Guernsey) Law, 2008, as amended (the
 "Companies Law"), subject to the Listing Rules made by the United Kingdom
 Financial Conduct Authority and all other applicable legislation and
 regulations, to make market acquisitions (within the meaning of section 316 of
 the Companies Law) of its own Ordinary Shares (as defined in the Company's
 Articles) which may be cancelled or held as treasury shares, provided that:

 i.      the maximum number of Ordinary Shares authorised to be purchased
 under this authority shall be 49,896,260 Ordinary Shares (being 14.99 per
 cent. of the Ordinary Shares in issue as at the Latest Practicable Date,
 excluding any treasury shares);

 ii.     the minimum price (exclusive of expenses) which may be paid for an
 Ordinary Share is US$0.01;

 iii.    the maximum price (exclusive of expenses) which may be paid for an
 Ordinary Share shall be not more than an amount equal to the higher of (a) 5
 per cent. above the average mid-market value of the Ordinary Shares on the
 regulated market where the repurchase is carried out for the five Business
 Days (as defined in the Company's Articles) prior to the day the purchase is
 made and (b) the higher of (i) the price of the last independent trade and
 (ii) the highest current independent bid price, in each case on the regulated
 market where the purchase is carried out; and

  such authority to expire on the date which is 15 months from the date of
 passing of this resolution or, if earlier, at the end of the Annual General
 Meeting of the Company to be held in 2026 (unless previously renewed, revoked
 or varied by the Company by ordinary resolution), save that the Company may
 make a contract to acquire Ordinary Shares under this authority before its
 expiry which will or may be executed wholly or partly after its expiration and
 the Company may make an acquisition of Ordinary Shares pursuant to such a
 contract.

For       149,142,357 votes
 Against   27,676 votes
 Withheld  20,146 votes

 Responses to investors' questions will be posted on the Company's website
 after the AGM.

 ¹ The Company notes that the voting rights adjustments under Article 6 and
 Article 23 of the Company's Articles of Incorporation were used in respect of
 resolutions 3, 4, 5 and 6, but this did not affect the outcome of the
 shareholder vote.

Responses to investors' questions will be posted on the Company's website
after the AGM.

 

¹ The Company notes that the voting rights adjustments under Article 6 and
Article 23 of the Company's Articles of Incorporation were used in respect of
resolutions 3, 4, 5 and 6, but this did not affect the outcome of the
shareholder vote.

 

*A vote withheld is not a vote in law and is therefore not counted towards the
proportion of votes "for" or "against" the Resolution.

 

Enquiries:

 RTW Investments, LP - Investment Manager               +44 (0)20 7959 6361

 Woody Stileman (Business Development)                  biotechopportunities@rtwfunds.com

 Oliver Kenyon (Business & Corporate Development)

 Krisha McCune (Investor Relations)

 Deutsche Numis - Joint Corporate Broker                +44 (0)20 7260 1000

 Freddie Barnfield

 Nathan Brown

 Euan Brown

 

About RTW Biotech Opportunities Ltd:

RTW Biotech Opportunities Ltd (LSE: RTW) is an investment fund focused on
identifying transformative assets with high growth potential across the
biopharmaceutical and medical technology sectors. Driven by a long-term
approach to support innovative businesses, RTW Biotech Opportunities Ltd
invests in companies developing next-generation therapies and technologies
that can significantly improve patients' lives. RTW Biotech Opportunities Ltd
is managed by RTW Investments, LP, a leading healthcare-focused
entrepreneurial investment firm with deep scientific expertise and a strong
track record of supporting companies developing life-changing therapies.

Visit the website at www.rtwfunds.com/rtw-biotech-opportunities-ltd
(https://www.rtwfunds.com/rtw-biotech-opportunities-ltd/)  for more
information.

 

 

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