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 on 12 December 2023. The results of the poll are as follows:
| | Resolution | Votes for (including discretionary votes) | % | Votes against | % | Withheld | Total Votes Cast (excludes Votes Withheld) |
| 1 | To receive the Annual Report & Accounts | 13,176,707 | 99.59% | 54,014 | 0.41% | 29,079 | 13,230,721 |
| 2 | To approve Directors' Remuneration report | 13,140,395 | 99.57% | 57,300 | 0.43% | 52,105 | 13,197,695 |
| 3 | To approve Directors' Remuneration Policy | 13,124,663 | 99.45% | 73,076 | 0.55% | 52,061 | 13,197,739 |
| 4 | To approve the Company's dividend policy | 13,221,854 | 99.96% | 5,285 | 0.04% | 32,661 | 13,227,139 |
| 5 | To elect Ms Gillian Elcock | 13,183,660 | 99.81% | 24,975 | 0.19% | 41,165 | 13,208,635 |
| 6 | To re-elect Miss Kate Cornish-Bowden | 13,186,241 | 99.81% | 24,488 | 0.19% | 39,071 | 13,210,729 |
| 7 | To re-elect Mrs Caroline Gulliver | 13,183,999 | 99.79% | 28,180 | 0.21% | 37,621 | 13,212,179 |
| 8 | To re-elect Mr Patrick Magee | 13,183,935 | 99.87% | 17,526 | 0.13% | 48,339 | 13,201,461 |
| 9 | To re-elect Professor Patrick Maxwell | 13,194,677 | 99.87% | 17,502 | 0.13% | 37,621 | 13,212,179 |
| 10 | To re-appoint PricewaterhouseCoopers LLP as auditor | 13,163,331 | 99.66% | 44,749 | 0.34% | 41,720 | 13,208,080 |
| 11 | To authorise Directors' determination of the auditor's remuneration | 13,205,377 | 99.86% | 18,705 | 0.14% | 35,718 | 13,224,082 |
| 12 | To approve continuation of the Company | 13,238,333 | 99.94% | 7,585 | 0.06% | 3,882 | 13,245,918 |
| 13 | To renew the authority to allot shares | 13,198,156 | 99.87% | 16,797 | 0.13% | 34,847 | 13,214,953 |
| 14 | To renew the authority to allot additional shares | 13,190,925 | 99.84% | 20,952 | 0.16% | 37,923 | 13,211,877 |
| 15* | To approve the disapplication of pre-emption rights | 13,149,544 | 99.53% | 61,623 | 0.47% | 38,633 | 13,211,167 |
| 16* | To approve the disapplication of pre-emption rights for allotments of additional shares | 12,825,508 | 96.87% | 414,004 | 3.13% | 10,288 | 13,239,512 |
| 17* | To renew the authority to purchase own shares | 13,211,282 | 99.89% | 14,275 | 0.11% | 34,243 | 13,225,557 |
| 18* | To approve that a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice | 13,156,468 | 99.57% | 57,054 | 0.43% | 36,278 | 13,213,522 |
*Resolutions 15 to 18 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 Chairman 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 2,500,210 ordinary shares held in treasury. Treasury shares do not carry voting rights, therefore the total number voting rights in the Company is 38,883,607.
In accordance with LR 9.6.2, a copy of the resolutions passed, other than 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.
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