Result of AGM

Intl. Biotechnology Trust PLC

12 December 2023

 

Annual General Meeting

International Biotechnology Trust plc (the "Company") announces that a poll was held on each of the resolutions proposed at the Annual General Meeting on 12 December 2023. The results of the poll are as follows:

	Resolution	Votes for (including discretionary votes)	%	Votes against	%	Withheld	Total Votes Cast (excludes Votes Withheld)
1	To receive the Annual Report & Accounts	13,176,707	99.59%	54,014	0.41%	29,079	13,230,721
2	To approve Directors' Remuneration report	13,140,395	99.57%	57,300	0.43%	52,105	13,197,695
3	To approve Directors' Remuneration Policy	13,124,663	99.45%	73,076	0.55%	52,061	13,197,739
4	To approve the Company's dividend policy	13,221,854	99.96%	5,285	0.04%	32,661	13,227,139
5	To elect Ms Gillian Elcock	13,183,660	99.81%	24,975	0.19%	41,165	13,208,635
6	To re-elect Miss Kate Cornish-Bowden	13,186,241	99.81%	24,488	0.19%	39,071	13,210,729
7	To re-elect Mrs Caroline Gulliver	13,183,999	99.79%	28,180	0.21%	37,621	13,212,179
8	To re-elect Mr Patrick Magee	13,183,935	99.87%	17,526	0.13%	48,339	13,201,461
9	To re-elect Professor Patrick Maxwell	13,194,677	99.87%	17,502	0.13%	37,621	13,212,179
10	To re-appoint PricewaterhouseCoopers LLP as auditor	13,163,331	99.66%	44,749	0.34%	41,720	13,208,080
11	To authorise Directors' determination of the auditor's remuneration	13,205,377	99.86%	18,705	0.14%	35,718	13,224,082
12	To approve continuation of the Company	13,238,333	99.94%	7,585	0.06%	3,882	13,245,918
13	To renew the authority to allot shares	13,198,156	99.87%	16,797	0.13%	34,847	13,214,953
14	To renew the authority to allot additional shares	13,190,925	99.84%	20,952	0.16%	37,923	13,211,877
15*	To approve the disapplication of pre-emption rights	13,149,544	99.53%	61,623	0.47%	38,633	13,211,167

16*	To approve the disapplication of pre-emption rights for allotments of additional shares	12,825,508	96.87%	414,004	3.13%	10,288	13,239,512
17*	To renew the authority to purchase own shares	13,211,282	99.89%	14,275	0.11%	34,243	13,225,557
18*	To approve that a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice	13,156,468	99.57%	57,054	0.43%	36,278	13,213,522

*Resolutions 15 to 18 were passed as special resolutions.

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

The total issued share capital consists of 41,383,817 ordinary shares of £0.25 each, which includes 2,500,210 ordinary shares held in treasury. Treasury shares do not carry voting rights, therefore the total number voting rights in the Company is 38,883,607.

In accordance with LR 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

END