Results of the Annual General Mee ng of Venture Life Group plc, held at the offices of Simmons & Simmons LLP, CityPoint, 1 Ropemaker Street, London, EC2Y 9SS on 4 June 2024 at 10:00 a.m.
Resolu | on | Number of | % Votes for | Number of | % Votes | ||||
votes for | votes against | against | |||||||
1. | To receive and adopt | 77,556,791 | 99.98% | 13,683 | 0.02% | ||||
the | reports | of | the | ||||||
Directors and auditor | |||||||||
and | the | audited | |||||||
accounts | of | the | |||||||
Company for the year | |||||||||
ended 31 December | |||||||||
2023 | |||||||||
2. | To | re-elect | as | a | 44,029,29 | 64.77% | 23,952,929 | 35.23% | |
Director, | Paul | ||||||||
McGreevy, who seeks | |||||||||
re-elec on | |||||||||
3. | To | re-elect | as | a | 77,539,989 | 99.97% | 21,513 | 0.03% | |
Director, | Jerry | ||||||||
Randall, who seeks re- | |||||||||
elec | on | ||||||||
4. | To | re-elect | as | a | 77,539,989 | 99.97% | 21,513 | 0.03% | |
Director, | Gianluca | ||||||||
Bragu , who seeks re- | |||||||||
elec | on | ||||||||
5. | To | re-elect | as | a | 77,539,989 | 99.97% | 21,513 | 0.03% | |
Director, Daniel Wells, | |||||||||
who seeks re-elec | on | ||||||||
6. | To | re-elect | as | a | 77,539,989 | 99.97% | 21,513 | 0.03% | |
Director, | Mark | ||||||||
Adams, who seeks re- | |||||||||
elec | on | ||||||||
7. | To | re-elect | as | a | 77,050,769 | 99.34% | 510,733 | 0.66% | |
Director, | Carl | ||||||||
Dempsey, who seeks | |||||||||
re-elec on | |||||||||
8. | To re-appoint | Evelyn | 77,545,725 | 99.97% | 24,249 | 0.03% | |||
Partners Limited | as | ||||||||
the | auditor | of | the | ||||||
Company | un l | ||||||||
conclusion of the next | |||||||||
AGM | |||||||||
9. | THAT | the | Directors | 54,088,392 | 69.73% | 23,481,281 | 30.27% | ||
are authorised to allot | |||||||||
shares | in | the | |||||||
Company |
Number of
votes
withheld 600
9,589,016
9,572
9,572
9,572
9,572
9,572
1,100
1,401
10. | THAT, if Resolu on 6 is | Withdrawn | Withdrawn | Withdrawn | Withdrawn | Withdrawn | ||
passed, the Directors | ||||||||
are authorised to allot | ||||||||
equity | securi es | for | ||||||
cash | ||||||||
11. | The | Company | is | 77,527,126 | 99.95% | 42,457 | 0.05% | 1,401 |
authorised to make one or more market purchases of ordinary shares
Board response to Resolu on 2- To re-elect Paul McGreevy
The Board recognises that Resolu on 2 for the re-elec on of Paul McGreevy as Non-execu ve Chair was opposed by more than 20% of vo ng shareholders. The Company has engaged with certain shareholders and understands that this is not a reflec on of Paul's performance as Non-execu ve Chair of the Company but is primarily as a result of a historic Group remunera on policy which is not in line with the stewardship policy of certain shareholders. The remunera on policy, offering nil-cost equity incen ves for senior execu ve management, was implemented prior to Paul McGreevy's appointment to the Board on 17 May 2022 and the Board confirms that no nil-cost op ons have been granted since the appointment.
The Board will con nue to engage with shareholders on this ma er.
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Disclaimer
Venture Life Group plc published this content on 04 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2024 14:21:09 UTC.