TruSpine Technologies PLC Result of General Meeting (2136B)

TIDMTSP

RNS Number : 2136B

TruSpine Technologies PLC

31 May 2023

31 May 2023

TruSpine Technologies plc

("TruSpine" or the "Company")

Result of General Meeting

TruSpine Technologies Plc, the medical device company focused on the spinal (vertebral) stabilisation market, announces that resolutions 1 - 7 of the Requisition Resolutions put to shareholders at the requisitioned General Meeting, proposed by the Named Shareholders, held today were defeated.

Resolution 8, relating to the re-convening of the adjourned 2022 Annual General Meeting, was passed. It is the Company's intention to shortly re-convene the 2022 Annual General Meeting.

The results of the poll voting (which includes votes submitted by proxy) are detailed below and will be available shortly on the Company's website: http://truspine.org/

 
      Resolution                              For        %       Against        %            Total           Withheld* 
      Norman Alec Charles 
       Lott be and is hereby 
       removed from the 
       office of director 
       of the Company with 
 1.    immediate effect.               43,257,869   47.54%    47,731,826   52.46%       90,989,695                   - 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Nikunj Kantilal Patel 
       be and is hereby 
       removed from the 
       office of director 
       of the Company with 
 2.    immediate effect.               25,932,069   28.50%    65,057,626   71.50%       90,989,695                   - 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Annabel Martha Schild 
       be and is hereby 
       removed from the 
       office of director 
       of the Company with 
 3.    immediate effect.               27,498,122   30.22%    63,491,573   69.78%       90,989,695                   - 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Laurence Richard 
       Strauss be and is 
       hereby removed from 
       the office of director 
       of the Company with 
 4.    immediate effect.               42,086,200   45.85%    49,703,494   54.15%       91,789,694                   - 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Todd Michael Cramer, 
       having indicated 
       his willingness to 
       act, be and is hereby 
       appointed a director 
       of the Company with 
 5.    immediate effect.               26,051,848   30.61%    59,050,608   69.39%       85,102,456           5,887,239 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Peter Houghton, having 
       indicated his willingness 
       to act, be and is 
       hereby appointed 
       a director of the 
       Company with immediate 
 6.    effect.                         26,035,182   30.59%    59,067,275   69.41%       85,102,457           5,887,238 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      Anthony Swoboda, 
       having indicated 
       his willingness to 
       act, be and is hereby 
       appointed a director 
       of the Company with 
 7.    immediate effect.               37,515,629   44.08%    47,586,828   55.92%       85,102,457           5,887,238 
     ---------------------------  ---------------  -------                -------                   ------------------ 
      The adjourned 2022 
       Annual General Meeting 
       be re-convened as 
       soon as reasonably 
 8.    practical.                      44,630,331   52.51%    40,358,125   47.49%       84,988,456           6,001,239 
     ---------------------------  ---------------  -------                -------                   ------------------ 
 

Capitalised terms used in this announcement have the meanings given to them in the circular published on 5 May 2023, unless the context provides otherwise.

TruSpine CEO Laurence Strauss commented: "I am pleased to report that all but one of the resolutions tabled by certain shareholders for today's requisitioned General Meeting have been defeated. I hope that as a company we can now draw a line under this matter and move forward so that we can take the necessary steps to realise the potential of our unique product portfolio. I look forward to reporting our progress to shareholders in due course."

This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.

Enquiries:

 
 TruSpine Technologies Plc                                         Tel: [phone] 
 Laurence Strauss, Chief Executive Officer 
 
 Cairn Financial Advisers LLP (AQSE Corporate Adviser)             Tel: [phone] 
 Liam Murray / Ludovico Lazzaretti 
 Oberon Capital (Joint Broker) 
                                                                   Tel: [phone] 
 Mike Seabrook / Chris Crawford 
 Peterhouse Capital Limited (Joint Broker & Financial Adviser) 
                                                                   Tel: [phone] 
 Lucy Williams / Duncan Vasey 
 Novus Communications (PR and IR)                                  Tel: [phone] 
 Alan Green / Jacqueline Briscoe                                    [e-mail] 
 

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May 31, 2023 09:59 ET (13:59 GMT)