Allied Minds PLC Result of AGM (0639P)

TIDMALM

RNS Number : 0639P

Allied Minds PLC

23 May 2018

23 May 2018

Allied Minds plc (the "Company")

Results of Annual General Meeting

The Annual General Meeting of Allied Minds plc was held earlier today. All of the resolutions proposed at the Annual General Meeting were duly passed by the shareholders on a poll.

The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

 
 Resolutions                      For        %      Against       %    Withheld         Total 
                                                                                       lodged 
 1. To receive 
  the Company's 
  Annual Report 
  and Accounts 
  for the financial 
  year ended 
  31 December 
  2017                    184,004,205   100.00        3,332    0.00   1,227,582   184,007,537 
                         ------------  -------  -----------  ------  ----------  ------------ 
 2. To approve 
  the Directors' 
  Remuneration 
  Report for 
  the year ended 
  31 December 
  2017.                   136,095,133    73.96   47,914,260   26.04   1,225,726   184,009,393 
                         ------------  -------  -----------  ------  ----------  ------------ 
 3. To re-appoint 
  KPMG LLP as 
  auditor of 
  the Company.            184,007,020   100.00        2,017    0.00   1,226,082   184,009,037 
                         ------------  -------  -----------  ------  ----------  ------------ 
 4. To authorise 
  the Audit 
  Committee 
  to determine 
  the auditor's 
  remuneration.           184,004,587    99.34    1,228,306    0.66       2,226   185,232,893 
                         ------------  -------  -----------  ------  ----------  ------------ 
 5. To re-elect 
  Mr Peter Dolan 
  as a Director 
  of the Company.         182,785,192    98.68    2,445,851    1.32       4,076   185,231,043 
                         ------------  -------  -----------  ------  ----------  ------------ 
 6. To re-elect 
  Ms Jill Smith 
  as a Director 
  of the Company.         183,821,381    99.24    1,413,012    0.76         726   185,234,393 
                         ------------  -------  -----------  ------  ----------  ------------ 
 7. To re-elect 
  Mr Harry Rein 
  as a Director 
  of the Company.         183,838,747    99.91      168,440    0.09   1,227,932   184,007,187 
                         ------------  -------  -----------  ------  ----------  ------------ 
 8. To re-elect 
  Mr Jeffrey 
  Rohr as a 
  Director of 
  the Company.            177,079,850    96.24    6,925,837    3.76   1,229,432   184,005,687 
                         ------------  -------  -----------  ------  ----------  ------------ 
 9. To re-elect 
  Mr Kevin Sharer 
  as a Director 
  of the Company.         141,547,648    76.42   43,684,895   23.58       2,576   185,232,543 
                         ------------  -------  -----------  ------  ----------  ------------ 
 10. To authorise 
  the Directors 
  to allot shares 
  under section 
  551 of the 
  Companies 
  Act 2006.               185,028,090    99.89      206,779    0.11         250   185,234,869 
                         ------------  -------  -----------  ------  ----------  ------------ 
 11. To disapply 
  statutory 
  pre-emption 
  rights.                 185,224,985   100.00        8,402    0.00       1,732   185,233,387 
                         ------------  -------  -----------  ------  ----------  ------------ 
 12. In addition 
  to the authority 
  granted under 
  Resolution 
  11, to disapply 
  statutory 
  pre-emption 
  rights solely 
  in relation 
  to acquisitions 
  and specified 
  capital investments.    184,173,557    99.43    1,059,830    0.57       1,732   185,233,387 
                         ------------  -------  -----------  ------  ----------  ------------ 
 13. To authorise 
  the Company 
  to make political 
  donations 
  and incur 
  political 
  expenditure.            185,222,410    99.99       12,459    0.01         250   185,234,869 
                         ------------  -------  -----------  ------  ----------  ------------ 
 14. To authorise 
  the Company 
  to make market 
  purchases 
  of its own 
  shares.                 184,161,382    99.43    1,055,283    0.57      18,454   185,216,665 
                         ------------  -------  -----------  ------  ----------  ------------ 
 15. To authorise 
  the Company 
  to hold general 
  meetings on 
  not less than 
  14 clear days' 
  notice                  183,133,480    98.87    2,101,389    1.13         250   185,234,869 
                         ------------  -------  -----------  ------  ----------  ------------ 
 

Over the last few months, Allied Minds engaged with its major shareholders to understand their views on remuneration matters. While all resolutions were passed at the annual general meeting, we were disappointed that there was a significant minority vote against both the advisory resolution for this year's remuneration report and the re-election of our remuneration committee chair. Naturally, we acknowledge this feedback and thank those shareholders who have already spoken with us and explained their reasons for not supporting the relevant resolutions. The remuneration committee is committed to continuing dialogue with our shareholders ahead of the scheduled binding vote on remuneration policy at the 2019 annual general meeting.

Notes:

1. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

2. As at 21 May 2018, the number of issued shares in the Company was 240,250,732 ordinary shares, which was the total number of shares entitling the holders to attend and vote for or against all the resolutions at the AGM. In accordance with the Company's Articles of Association, on a poll every member present in person or by proxy has one vote for every share held.

3. The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.alliedminds.com and on the National Storage Mechanism.

4. In accordance with Listing Rule 9.6.1, a copy of the resolutions, other than those concerning ordinary business has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

About Allied Minds

Allied Minds (LSE: ALM) is an IP commercialisation company focused on early stage company creation and development within the technology and life science sectors. With origination relationships spanning US federal laboratories, universities, and leading US corporations, Allied Minds sources, operates and funds a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. More information can be found at www.alliedminds.com.

For more information, please contact:

   Allied Minds plc                                                               [phone] 

Neil Pizey, Head of Corporate Development

   Credit Suisse International                                         [phone] 

Lewis Burnett

   Numis Securities                                                             [phone] 

Ben Stoop

   FTI Consulting                                                                   [phone] 

Ben Atwell / Brett Pollard

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May 23, 2018 10:30 ET (14:30 GMT)