- Title:
Results of Annual General Mtg & Directorate Change - Time:
12:49:44 - Date:
27 Jul 2020 - Category:
AGMs and other meetings - ID:
1970U
27 July 2020
Tekcapital plc
("Tekcapital" or the "Company")
Results of Annual General Meeting & Directorate Change
Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology is pleased to announce that, following its Annual General Meeting held earlier today, all resolutions were duly passed.
The results of the poll held at the Annual General Meeting are as follows:
| Resolution |
Total For(1) |
Total Against |
Votes withheld(2) |
||
| No. of votes |
% of vote |
No. of votes |
% of vote |
No. of votes |
|
| (1) Adopt the 2019 Annual Report and Accounts |
26,587,279 |
100.00 |
0 |
0.00 |
1,900 |
| (2) Elect Mr Louis Castro as a Director of the Company |
26,575,629 |
100.00 |
0 |
0.00 |
13,550 |
| (3) Elect Lord David Lindsay Willetts as a Director of the Company |
26,575,629 |
100.00 |
0 |
0.00 |
13,550 |
| (4) Re-elect Dr Clifford Mark Gross as a Director of the Company |
26,575,629 |
100.00 |
0 |
0.00 |
13,550 |
| (5) Re-elect Dr. Robert Clell Miller as a Director of the Company |
26,575,629 |
100.00 |
0 |
0.00 |
13,550 |
| (6) Re-appoint HW Fisher & Company as auditors |
26,429,179 |
100.00 |
0 |
0.00 |
160,000 |
| (7) Authorise the Directors to determine the auditor's remuneration |
26,565,629 |
100.00 |
0 |
0.00 |
23,550 |
| (8) To authorise the Directors to allot shares, up to a limited amount |
26,478,430 |
99.58 |
110,749 |
0.42 |
0 |
| (9) To authorise the Directors to disapply pre-emption rights |
26,187,942 |
98.94 |
281,671 |
1.06 |
119,566 |
| (10) To approve the Option Plans and to authorise the Directors to allot shares as described in the resolution. |
26,212,604 |
99.60 |
105,109 |
0.40 |
271,466 |
(1) Includes discretionary votes.
(2) A 'vote withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' a resolution
Directorate Change
Additionally, the Company announces that Mr Malcolm Groat has stepped down from the board of Directors with immediate effect. Konrad Dabrowski, who for the last three years has served as the Company's Group Financial Controller, has been promoted to non-board CFO.
Cliff Gross, CEO of Tekcapital commented:
"I would like to thank Malcom for his contribution to the business over the past six years, including the Company's successful IPO and he will be very much missed by myself and the rest of the team here. On behalf of the Board we wish him every success for the future."
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
| Tekcapital Plc |
|
Via Flagstaff |
| Clifford M. Gross, Ph.D. |
|
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| |
|
|
| SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
|
+44 (0) 20 3470 0470 |
| Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking) |
|
|
| |
|
|
| Flagstaff Strategic and Investor Communications |
|
+44 (0) 20 7129 1474 |
| Tim Thompson/Andrea Seymour/Fergus Mellon |
|
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Results of Annual General Mtg & Directorate Change12:49:4427 Jul 2020AGMs and other meetings1970U