BIOPHARMA CREDIT PLC
(THE "COMPANY")
RESULT OF 2022 ANNUAL GENERAL MEETING
The Company is pleased to announce that, at the Annual General Meeting held today, all resolutions put to the meeting were passed on a show of hands.
At the Annual General Meeting it was agreed that Resolutions 12, 13, 15 and 16 should be withdrawn.
The proxy votes received in relation to the resolutions put to the meeting were as follows:
| Resolutions | Votes For | % | Votes Against | % | Votes at Chairman's Discretion | Votes Withheld1 |
| 1: To receive and accept the annual report and financial statements | 701,371,930 | 99.99 | 13,980 | 0.01 | 0 | 0 |
| 2: To approve the Directors' Remuneration Report | 701,350,388 | 99.99 | 35,522 | 0.01 | 0 | 0 |
| 3: To re-elect Harry Hyman as a Director | 701,373,910 | 99.99 | 12,000 | 0.01 | 0 | 0 |
| 4: To re-elect Colin Bond as a Director | 701,373,910 | 99.99 | 12,000 | 0.01 | 0 | 0 |
| 5: To re-elect Duncan Budge as a Director | 654,374,400 | 93.3 | 47,011,510 | 6.7 | 0 | 0 |
| 6: To re-elect Stephanie Léouzon as a Director | 701,383,410 | 99.99 | 1,000 | 0.01 | 0 | 1,500 |
| 7: To re-elect Rolf Soderstrom as a Director | 701,384,910 | 99.99 | 1,000 | 0.01 | 0 | 0 |
| 8: To appoint Ernst & Young LLP as Auditor to the Company | 691,330,907 | 98.57 | 10,055,003 | 1.43 | 0 | 0 |
| 9: To authorise the Directors to determine the remuneration of the Auditor | 701,356,907 | 99.99 | 29,003 | 0.01 | 0 | 0 |
| 10: To approve the Company's dividend payment policy | 691,385,910 | 98.57 | 10,000,000 | 1.43 | 0 | 0 |
| 11: To authorise the allotment of shares by the Company | 701,017,002 | 99.99 | 67,908 | 0.01 | 0 | 301,000 |
| 12: To authorise the allotment of shares by the Company | Resolution Withdrawn
| |||||
| 13: To authorise the allotment of shares by the Company | Resolution Withdrawn
| |||||
| 14: To authorise the disapplication of pre-emption rights | 691,301,812 | 98.56 | 10,084,098 | 1.44 | 0 | 0 |
| 15: To authorise the disapplication of pre-emption rights | Resolution Withdrawn
| |||||
| 16: To authorise the disapplication of pre-emption rights | Resolution Withdrawn
| |||||
| 17: To authorise the Company to make market purchases of ordinary shares | 701,357,930 | 99.99 | 27,980 | 0.01 | 0 | 0 |
| 18: To authorise the Company to hold general meetings on 14 clear days' notice | 701,355,430 | 99.99 | 30,480 | 0.01 | 0 | 0 |
1. A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
A copy of resolutions 14, 17 and 18 has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
9 June 2022
Enquiries
BioPharma Credit plc
via Link Company Matters Limited
Company Secretary
+44 (0)1392 477 500
Buchanan
+44 (0)20 7466 5000 / biopharmacredit@buchanan.uk.com
David Rydell
Mark Court
Jamie Hooper
Henry Wilson
Notes to Editors:
BioPharma Credit PLC is London's only listed specialist investor in debt from the life sciences industry and joined the LSE on 27 March 2017. The Company seeks to provide long-term shareholder returns, principally in the form of sustainable income distributions from exposure to the life sciences industry. The Company seeks to achieve this objective primarily through investments in debt assets secured by royalties or other cash flows derived from the sales of approved life sciences products.
LEI: 213800AV55PYXAS7SY24
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