Kinovo plc ("Kinovo", the "Company" or the "Group")
Result of Annual General Meeting
The Annual General Meeting of Kinovo plc was held on 28 August 2024 at 12:00pm at the offices of Hudson Sandler, 25 Charterhouse Square, London.
All Resolutions, as set out in the Notice of Meeting dated 2 August 2024, were voted by way of a poll. Resolutions 1, 2 and 4 were duly passed at the AGM.
The Board notes that resolution 3 in respect of the re-appointment of Moore Kingston Smith LLP as auditors of the Company was not passed. The Board will make a further announcement confirming next steps as soon as practicably possible.
In addition, the Board notes that resolution 5 in respect of authorising the Long Term Incentive Plan (on an advisory basis), resolutions 6 in respect of authorising the Directors to allot shares in the Company and resolutions 7 and 8, in respect of authorising the directors to disapply pre-emption rights, were not passed and that a significant proportion had voted against these resolutions. The Board will continue to engage in discussions with shareholders to better understand their views.
The number of votes cast for and against each of the resolutions proposed, and the number of votes withheld were as follows:
| Resolution | Votes for | % | Votes against | % | Votes withheld |
| Resolution 1 (Ordinary) To receive the report and accounts for the year ended 31 March 2024 together with the Diretcors' reports and audior's report on those accounts. | 25,010,672 | 100 | 0 | 0 | 0 |
| Resolution 2 (Ordinary) To re-appoint Sangita Shah as a director of the Company. | 24,993,326 | 99.93 | 17,346 | 0.07 | 0 |
| Resolution 3 (Ordinary) To re-appoint Moore Kingston Smith LLP as auditors of the Company. | 8,401,218 | 33.59 | 16,609,454 | 66.41 | 0 |
| Resolution 4 (Ordinary) To authorise the Directors to determine the fees payable to the auditor. | 25,010,672 | 100 | 0 | 0 | 0 |
| Resolution 5 (Ordinary) To authorise the Long Term Incentive Plan. | 8,215,446 | 32.85 | 16,794,259 | 67.15 | 967 |
| Resolution 6 (Ordinary) To authorise the Directors to allot shares in the Company. | 8,394,025 | 33.56 | 16,615,680 | 66.44 | 967 |
| Resolution 7 (Special) To disapply pre-emption rights generally. | 8,206,615 | 32.81 | 16,803,090 | 67.19 | 967 |
| Resolution 8 (Special) To disapply pre-emption rights pursuant to allotments to finance acquisitions and capital investments. | 8,213,791 | 32.84 | 16,795,914 | 67.16 | 967 |
As at 28 August 2024, there were 63,291,315 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
The full text of each resolution is available in the Notice of Annual General Meeting, published on our website.
Enquiries
| Kinovo plc | |
| Sangita Shah, Non-Executive Chair David Bullen, Chief Executive Officer | +44 (0)20 7796 4133 (via Hudson Sandler)
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| Canaccord Genuity Limited (Nominated Adviser and Sole Broker) | +44 (0)20 7523 8000 |
| Adam James Andrew Potts Harry Rees
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| Hudson Sandler (Financial PR) Dan de Belder Harry Griffiths
| +44 (0)20 7796 4133 |
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