RNS Number : 4565T
MicroSalt PLC
21 June 2024
 

21 June 2024

MicroSalt Plc

 

("MicroSalt" or the "Company")

 

Result of AGM

 

MicroSalt plc, a company commercialising a patented technology to produce full-flavour, low-sodium salt for food manufacturers and consumers is pleased to announce that all resolutions proposed to shareholders at its Annual General Meeting today were duly passed.

 

The total number of votes received in respect of all resolutions were as follows:

 

No.

For

Against

Votes Withheld

Total Votes Cast

Number of Votes

%

Number of Votes

% Votes against

Ordinary Resolutions

1. Approval of Annual Report and Accounts

33,958,101

100.00%

0

0.00%

9,086

33,958,101

2. To re-appointment Crowe U.K. LLP as Auditors

33,935,922

100.00%

0

0.00%

31,265

33,935,922

3. To authorise Directors to set Auditors remuneration

33,935,922

100.00%

0

0.00%

31,265

33,935,922

4. To re-elect Rick Guiney as a Director

33,967,187

100.00%

0

0.00%

0

33,967,187

5. To re-elect Konrad Dabrowski as a Director

33,848,944

99.99%

684

0.002%

117,559

33,849,628

6. To re-elect Judith Batchelar as a Director

33,849,628

100.00%

0

0.00%

117,559

33,849,628

7. To re-elect Daniel Emery as a Director

33,817,679

99.99%

684

0.002%

148,824

33,818,363

8. To re-elect Gary Urmston as a Director

33,818,363

100.00%

0

0.00%

148,824

33,818,363

9. Authority to Allot Shares

33,848,944

99.99%

684

0.002%

117,559

33,849,628

Special Resolution

10. Disapplication of pre-emption rights

33,818,363

100.00%

0

0.000%

148,824

33,818,363

 

Notes:

1.   Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

2.   Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

3.   A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".

4.   The number of shares in issue on 21 June 2024 was 47,147,401.

5.   The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.microsalt.co.

 

 

For further information, please visit MicroSalt's website or contact:

 

MicroSalt plc

Via Flagstaff PR

Rick Guiney, CEO 




Zeus (Nominated Adviser and Broker)

+44 (0)20 3829 5000

David Foreman / James Edis (Investment Banking)


Dom King (Corporate Broking), Rupert Woolfenden (Sales)




Flagstaff PR (Financial PR/IR)   

+44 (0)20 7129 1474

Tim Thompson / Alison Allfrey / Anna Probert


 

 

Notes to Editors

 

MicroSalt® produces a patented full-flavour, low-sodium salt for food manufacturers and consumers.

 

MicroSalt is a major potential disruptor in the food market, thanks to its micron sized particles which deliver the same sense of saltiness to a wide range of foods but with approximately 50% less sodium. Excess sodium consumption is a significant contributor to cardiovascular disease and MicroSalt's solution meets the rising demand for healthier alternatives to traditional salt. The WHO has set a target for reducing global sodium intake by 30% by 2025, which it estimates will save 7 million lives by 2030.

 

Each year, cardiovascular disease costs the UK £19 billion - if the average salt intake was reduced by one gram per day, it has been estimated that 4,147 lives and £288 million would be saved each year in the UK. As a nation, the UK consumes 183 million kilograms of salt each year, and 70 per cent. of the typical person's sodium intake is hidden in processed foods.

 

Operational since 2018, MicroSalt uses a patent-protected technology which helps create high barriers to entry within the reduced-sodium salt market. The group has a US patent and 14 patent applications pending in other jurisdictions globally.

 

The Directors believe that MicroSalt is well positioned to capture growth in the low sodium market, which is expected to grow exponentially, and that there is also scope to enter the larger salt market.

 

MicroSalt has a three-pronged marketing strategy, targeting large B2B food manufacturers, the B2C market and e-commerce customers. MicroSalt's all natural, low-sodium solution is well positioned to take advantage of the fast-growing market for a healthier alternative to traditional salt.

 

 

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGBSGDLLBDDGSB