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 ("AGM") on 9 December 2024. The results of the poll are:
| | Resolution | Votes For | % | Votes Against | % | Votes Withheld | Total Votes Cast (excl. Votes Withheld) | % of Issued Share Capital |
| 1 | To receive the Annual Report and Financial Statements | 8,760,743 | 87.49% | 1,252,909 | 12.51% | 6,308 | 10,013,652 | 27.60 |
| 2 | To approve the Company's dividend policy | 10,003,330 | 99.92% | 8,084 | 0.08% | 8,546 | 10,011,414 | 27.60 |
| 3 | To approve the Directors' Remuneration Report | 9,931,300 | 99.40% | 59,483 | 0.60% | 29,177 | 9,990,783 | 27.54 |
| 4 | To approve the Directors' Remuneration Policy | 9,930,997 | 99.39% | 60,885 | 0.61% | 28,078 | 9,991,882 | 27.54 |
| 5 | To re-elect Gillian Elcock | 9,963,843 | 99.65% | 35,099 | 0.35% | 21,018 | 9,998,942 | 27.56 |
| 6 | To re-elect Kate Cornish-Bowden | 9,966,713 | 99.68% | 32,229 | 0.32% | 21,018 | 9,998,942 | 27.56 |
| 7 | To re-elect Caroline Gulliver | 8,716,760 | 87.18% | 1,282,182 | 12.82% | 21,018 | 9,998,942 | 27.56 |
| 8 | To re-elect Patrick Magee | 9,967,138 | 99.77% | 23,135 | 0.23% | 29,687 | 9,990,273 | 27.54 |
| 9 | To re-elect Patrick Maxwell | 9,976,368 | 99.75% | 25,405 | 0.25% | 18,187 | 10,001,773 | 27.57 |
| 10 | To re-appoint PricewaterhouseCoopers LLP as auditors | 8,710,798 | 87.10% | 1,290,119 | 12.90% | 19,043 | 10,000,917 | 27.57 |
| 11 | To authorise Directors' determination of the auditors' remuneration | 9,982,978 | 99.79% | 21,084 | 0.21%
| 15,898 | 10,004,062 | 27.58 |
| 12 | To renew the Directors' authority to allot shares | 9,980,515 | 99.70% | 30,129 | 0.30% | 9,316 | 10,010,644 | 27.59 |
| 13* | To approve the disapplication of pre-emption rights | 9,929,824 | 99.25%
| 75,015 | 0.75% | 15,121
| 10,004,839
| 27.58 |
| 14* | To renew the authority to make market purchases of the Company's own shares | 9,412,881 | 94.02% | 598,193
| 5.98% | 8,886 | 10,011,074 | 27.60 |
| 15* | To approve the adoption of the new Articles of Association |
9,979,295 | 99.77% | 23,469 | 0.23% | 17,196 | 10,002,764 | 27.57 |
| 16* | To approve that a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice | 9,947,439 | 99.40% | 60,413
| 0.60% | 12,108 | 10,007,852 | 27.59
|
*Resolution 13 to 16 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 Chair 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 5,105,511 ordinary shares held in treasury. Treasury shares do not carry voting rights, therefore the total number voting rights in the Company is 36,278,306.
In accordance with UKLR 6.4.2, a copy of the resolutions passed, other than the 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.
The proxy votes lodged with the Company's Registrar will shortly be available via the Company's webpages at
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