Notice of AGM

InnovaDerma PLC 

("InnovaDerma" or the "Company")

Notice of Annual General Meeting & Posting of Annual Report and Accounts

InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, announces that it has today posted its Annual Report and Accounts for the year ended 30 June 2020 to shareholders, together with the Notice of the Company's Annual General Meeting ("AGM") and the Form of Proxy. These documents will be available shortly for download on the Company's website, http://www.innovaderma.com/company-publications/.

Impact of COVID-19 on the Annual General Meeting

The Company's AGM will be held on Wednesday, 11 November 2020 at 10 am (GMT). Given current measures around the COVID-19 situation in the UK, the desire of the Company to protect the health and safety of Shareholders and pursuant to the Corporate Insolvency and Governance Act 2020, the Board has decided that the AGM will now be run as a virtual meeting. Shareholders will not be able to attend the AGM at a physical location.

Shareholders are therefore requested to submit their votes, in respect of the business to be considered at the AGM, via proxy, as early as possible. Shareholders should appoint the Chairman of the AGM as their proxy. Under the current meeting arrangements, if a shareholder appoints someone else as their proxy, that proxy will not be able to attend the AGM or cast the shareholder's vote at the virtual meeting. All resolutions at the AGM will be decided on a poll.

InnovaDerma is committed to constructive engagement with all of its shareholders and they are invited to submit questions for the Board to consider in respect of the business of the AGM. Questions should be submitted by email by sending them to [email protected] by 5.00 pm on 27 October 2020 under the title "InnovaDerma Shareholder Questions" and should include any shareholder's full name. A selection of key questions (relating to the business of the AGM) and the Company's responses will be posted on the Company's website by close of business on 3 November 2020 so that shareholders may review these before confirming their proxy vote.

In order to ensure that shareholders are able to follow the proceedings of the AGM, the Company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link: https://www.investormeetcompany.com/innovaderma-plc/register-investor.

The online presentation link will be opened at approximately 9.55 a.m. on 11 November 2020. However, please note that shareholders will not be able to vote at the AGM via the online presentation link.

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