REG - Syncona Limited - Results of General Meeting and Board Changes

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RNS Number : 1336V  Syncona Limited  03 March 2026

3 March 2026

 

Syncona Limited

 

("Syncona" or the "Company")

 

Results of General Meeting and Board Changes

 

At the general meeting of the Company held today, all resolutions set out in
the notice of the general meeting (the "Notice") at the end of the explanatory
circular published by the Company on 12 February 2026 (the "Circular") where
duly passed. A poll was held on each of the resolutions proposed.

 

Resolution 1 was proposed as a special resolution and Resolution 2 was
proposed as an ordinary resolution.

 

The results of the voting at the general meeting were as follows:

 

 No  Resolution                                                                     Votes For*   Votes Against  Votes Withheld**
 1   To approve and adopt the Company's new investment policy in substitution for,  415,412,384  48,042,105     525,203
     and to the exclusion of, the current investment policy

                                                                                    (89.63%)     (10.37%)
 2   To approve the Company's new long-term incentive arrangements                  406,333,669  48,206,319     9,439,704

                                                                                    (89.39%)     (10.61%)

 

Notes:

*      Includes discretionary votes.

**    A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.

 

As at 6.00 p.m. on 27 February 2026, the Company's issued share capital
consisted of 672,549,420 ordinary shares, and 64,356,396 shares held in
treasury. Shares held in treasury do not have voting rights, therefore, the
total voting rights in the Company as at 6.00 p.m. on 27 February 2026 were
608,193,024.

 

In compliance with the UK Listing Rules, a copy of all the resolutions passed
at the General Meeting will be submitted to the National Storage Mechanism and
will be available in due course for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The full text of the resolutions can be found in the Notice at the end of the
Circular, a copy of which is available on Syncona's website at
https://www.synconaltd.com/investors/shareholder-information/shareholder-documents/
(https://www.synconaltd.com/investors/shareholder-information/shareholder-documents/)
.

 

Board Changes

 

As previously announced, Rob Hutchinson stepped down from the Company's board
of directors (the "Board"). Following Rob's departure, all remaining directors
will be members of the Board's committees with the exception of the Audit
Committee whose members shall not include Melanie Gee, the Company's Chair, as
recommended by the UK Corporate Governance Code.

 

As stated in the Circular, following the approval of the new investment
policy, the Board intends to appoint a new non-executive director with
investment company expertise and experience, whilst retaining five directors
in total.

 

Enquiries

 

Syncona

 

Annabel Clark

Tel: +44 (0) 20 3981 7940

 

FTI Consulting

 

Ben Atwell / Natalie Garland-Collins / Tim Stamper

Tel: +44 (0) 20 3727 1000

 

IMPORTANT NOTICES

 

This announcement or any part of it does not constitute or form part of any
offer to issue or sell, or the solicitation of an offer to acquire, purchase
or subscribe for, any securities.

 

Certain statements contained in this announcement constitute "forward-looking
statements" with respect to the results, financial condition, performance,
developments or achievements of Syncona and its subsidiaries. Words such as
"believes", "anticipates", "estimates", "expects", "intends", "plans", "aims",
"potential", "will", "would", "could", "considered", "likely", "estimate" and
variations of these words and similar future or conditional expressions, are
intended to identify forward-looking statements but are not the exclusive
means of identifying such statements. These statements and forecasts are
inherently predictive, speculative and involve risks and uncertainties and
assumptions that could cause actual results, financial condition, performance,
developments or achievements to differ materially from those expressed or
implied by these forward-looking statements and forecasts. Many of these
risks, uncertainties and assumptions relate to factors that are beyond
Syncona's ability to control, predict or estimate precisely. No representation
or warranty is made, and no responsibility or liability is accepted, as to the
achievement or reasonableness of, and no reliance should be placed on, such
forward-looking statements. The forward-looking statements contained in this
announcement speak only as of the date of this announcement. Syncona expressly
disclaims any obligation or undertaking to update or revise publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless required to do so by applicable law or regulation,
the Financial Conduct Authority or London Stock Exchange plc.

 

Neither the content of Syncona's website (or any other website) nor the
content of any website accessible from hyperlinks on Syncona's website (or any
other website) is incorporated into or forms part of this announcement.

 

This announcement has been prepared for the purposes of complying with
applicable law and regulation in the United Kingdom and the information
disclosed may not be the same as that which would have been disclosed if this
announcement had been prepared in accordance with the laws and regulations of
any jurisdiction outside the United Kingdom.

 

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