20 June 2024
Futura Medical plc
("Futura", "the Group" or the "Company")
Result of AGM
Futura Medical plc (AIM: FUM), the consumer healthcare company behind Eroxon®, that specialises in the development and global commercialisation of innovative and clinically proven sexual health products, today announces that at its Annual General Meeting, held today at 10:00am BST, the shareholders duly passed all resolutions.
The total number of votes received on each resolution were as follows:
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| Voting For | Voting Against |
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| Number of votesi | % | Number of votes | % | Total Votes | % ISC | Votes withheldii | |||
| Resolution 1 | To receive and adopt the annual report and accounts for the financial year ended 31 December 2023 | 145,896,305 | 99.50 | 738,451 | 0.50 | 146,634,756 | 48.57 | 121,536 | |
| Resolution 2 | That Roy Davis be and is hereby appointed as a Director of the Company. | 146,637,030 | 99.98 | 30,544 | 0.02 | 146,667,574 | 48.58 | 91,718 | |
| Resolution 3 | To re-elect Angela Hildreth as a Director of the Company, who retires by rotation in accordance with the Company's articles of association. | 146,583,928 | 99.94 | 80,896 | 0.06 | 146,664,824 | 48.58 | 91,468 | |
| Resolution 4 | To re-appoint Grant Thornton UK LLP as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company. | 146,559,436 | 99.95 | 74,813 | 0.05 | 146,634,249 | 48.57 | 122,043 | |
| Resolution 5 | To authorise the Directors to determine the remuneration of Grant Thornton UK LLP as auditor of the Company | 146,544,066 | 99.95 | 68,860 | 0.05 | 146,612,926 | 48.56 | 143,366 | |
| Resolution 6 | That the Directors are generally and unconditionally authorised for the purposes of section 551 Companies Act 2006 (the "CA 2006") to exercise all the powers of the Company to allot shares in the Company and to grant rights to subscribe for or to convert any security into shares in the Company. | 146,000,585 | 99.50 | 735,009 | 0.50 | 146,735,594 | 48.60 | 20,698 | |
| Resolution 7iii | Disapplication of pre-emption rights | 145,446,404 | 99.13 | 1,279,733 | 0.87 | 146,726,137 | 48.60 | 30,155 | |
| Resolution 8 iii | Disapplication of pre-emption rights in respect of an additional 20% of the company issued share capital | 146,060,258 | 99.54 | 669,879 | 0.46 | 146,730,137 | 48.60 | 26,155 | |
ⁱ Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolution
ⁱⁱ A vote withheld is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution
ⁱⁱⁱ Special Resolution (75% majority required)
The total voting rights of the Company as at 10:00 am on 18 June 2024 (the time by which shareholders wanting to vote at the AGM were required to be entered on the register) was 301,863,641 ordinary shares of 0.2p each. The Company does not hold any shares in treasury.
Contacts:
| Futura Medical plc
| James Barder Chief Executive Officer Angela Hildreth Finance Director and COO
| investor.relations@futuramedical.com +44 (0)1483 685 670
|
| Liberum Nominated Adviser and Broker
| Richard Lindley Nikhil Varghese | +44 (0)20 3100 2000
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| Stifel Nicolaus Europe Limited Joint Broker
| Alan Selby Ben Maddison
| +44 (0)207 710 7600
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| Alma Strategic Communications | Rebecca Sanders-Hewett Sam Modlin Will Ellis Hancock | +44 (0)20 3405 0205 futura@almastrategic.com |
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Notes to Editors:
Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.
Eroxon, Futura's clinically proven lead product, has been developed for the treatment of Erectile Dysfunction ("ED"). The highly differentiated product, which is the only topical gel treatment for ED available over the counter and helps men get an erection in ten minutes, addresses significant unmet needs in the ED market.
ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.
Futura has distribution partners in place in a number of major consumer markets including Haleon in the US, the largest market for ED in the world, and Cooper Consumer Health in Europe. Eroxon has been nominated for a number of healthcare industry awards and has won two to-date.
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