2 November 2022
Allied Minds Plc
("the "Company")
Result of General Meeting held on 1 November 2022
Allied Minds plc (LSE: ALM, "the Group"), the IP commercialisation company focused on early-stage company development within the technology sector, announces that at the Company's General Meeting held today, the resolution to cancel the listing of the ordinary shares of the Company ("Shares") on the Official List of the Financial Conduct Authority ("FCA") and the trading thereof on the main market of the London Stock Exchange (the "Delisting Resolution") was voted on by way of a poll and was duly passed by the requisite majority of the Company's shareholders. The results of the poll, including the proxy votes received, are set out below.
| | Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Votes Withheld ** |
| 1 | THAT the Directors of the Company be and are hereby authorised to apply for the cancellation of the listing of the Shares from the premium segment of the Official List and from trading on the Main Market for listed securities. | 162,888,277 | 97.1 | 4,754,180 | 2.83 | 167,783,590 | 69.95% | 141,133 |
* Includes discretionary votes.
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at close of business on 28 October 2022, the share capital of the Company consisted of 239,650,273 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.
In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Delisting
Following the passing of the Delisting Resolution, the Company today expects to make applications to the FCA to cancel the listing of the Shares on the Official List of the FCA and to the London Stock Exchange to cancel the trading thereof on the main market of the London Stock Exchange. It is anticipated that the last day of dealings of the Shares on the Main Market will be Tuesday 29 November 2022. Cancellation of the listing of the Shares on the Official List of the FCA is expected to take effect at 8:00 am on Wednesday 30 November 2022, being not less than 20 Business Days from the passing of the Delisting Resolution as required by the Listing Rules.
Bruce Failing, Interim Chairman stated:
"We are pleased to see strong support from our shareholders in connection with the delisting of Allied Minds. We believe this is the right step for Allied Minds at this stage as we look to realise value from the remaining portfolio of investments. We expect to make further announcements and communications to shareholders in due course in connection with arrangements following the delisting."
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Allied Minds plc | c/o Instinctif Partners |
| | |
| JTC (UK) Limited - Company Secretary Christopher Gibbons | 0203 846 9774 christopher.gibbons@jtcgroup.com |
The Company's LEI is 213800YB4G7YN21NLL72
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