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Result of AGM

9th Jun 2025 16:00

RNS Number : 0617M
RTW Biotech Opportunities Ltd
09 June 2025
 

LEI: 549300Q7EXQQH6KF7Z84

 

9 June 2025

RTW BIOTECH OPPORTUNITIES LTD

 (the "Company")

 

Results of the Annual General Meeting ("AGM")

 

The Company is pleased to announce that, at the sixth AGM held at 14.00 BST today, 9 June 2025, each of the Resolutions was duly passed without amendment.

 

The details of each resolution are as follows:

 

ORDINARY RESOLUTIONS

 

Resolution 1

IT WAS RESOLVED to receive and consider the Audited Financial Statements, the Directors' report, and the auditor's report for the financial year ended 31 December 2024.

 

For

149,172,488 votes

Against

1,607 votes

Withheld

16,084 votes

Resolution 2

IT WAS RESOLVED to approve the Directors' remuneration for the financial year ended 31 December 2024 as provided in the Directors' report.

 

For

149,065,933 votes

Against

99,493 votes

Withheld

24,753 votes

Resolution 31

IT WAS RESOLVED to re-elect William Simpson as a Director of the Company.

 

For

480,796,845 votes

Against

22,288 votes

Withheld

34,696 votes

 

Resolution 41

IT WAS RESOLVED to re-elect Paul Le Page as a Director of the Company.

 

For

480,787,459 votes

Against

32,443 votes

Withheld

33,927 votes

 

Resolution 51

IT WAS RESOLVED to re-elect Bill Scott as a Director of the Company.

 

For

480,409,211 votes

Against

410,691 votes

Withheld

33,927 votes

Resolution 61

IT WAS RESOLVED to re-elect Baroness Nicola Blackwood as a Director of the Company.

 

For

480,797,614 votes

Against

22,726 votes

Withheld

33,489 votes

 

Resolution 7

IT WAS RESOLVED to re-elect Stephanie Sirota as a Director of the Company.

 

For

147,555,279 votes

Against

1,600,642 votes

Withheld

34,258 votes

 

Resolution 8

IT WAS RESOLVED to re-appoint KPMG Channel Islands Limited and KPMG LLP as Auditor of the Company.

 

For

149,139,600 votes

Against

27,622 votes

Withheld

22,957 votes

 

Resolution 9

IT WAS RESOLVED to authorise the Board of Directors to determine the remuneration of the Auditor.

 

For

149,156,787 votes

Against

13,246 votes

Withheld

20,146 votes

 

As Special business

 

Resolution 10

IT WAS RESOLVED That the Company be and is hereby authorised, in accordance with section 315 of the Companies (Guernsey) Law, 2008, as amended (the "Companies Law"), subject to the Listing Rules made by the United Kingdom Financial Conduct Authority and all other applicable legislation and regulations, to make market acquisitions (within the meaning of section 316 of the Companies Law) of its own Ordinary Shares (as defined in the Company's Articles) which may be cancelled or held as treasury shares, provided that:

i. the maximum number of Ordinary Shares authorised to be purchased under this authority shall be 49,896,260 Ordinary Shares (being 14.99 per cent. of the Ordinary Shares in issue as at the Latest Practicable Date, excluding any treasury shares);

ii. the minimum price (exclusive of expenses) which may be paid for an Ordinary Share is US$0.01;

iii. the maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall be not more than an amount equal to the higher of (a) 5 per cent. above the average mid-market value of the Ordinary Shares on the regulated market where the repurchase is carried out for the five Business Days (as defined in the Company's Articles) prior to the day the purchase is made and (b) the higher of (i) the price of the last independent trade and (ii) the highest current independent bid price, in each case on the regulated market where the purchase is carried out; and

 

 such authority to expire on the date which is 15 months from the date of passing of this resolution or, if earlier, at the end of the Annual General Meeting of the Company to be held in 2026 (unless previously renewed, revoked or varied by the Company by ordinary resolution), save that the Company may make a contract to acquire Ordinary Shares under this authority before its expiry which will or may be executed wholly or partly after its expiration and the Company may make an acquisition of Ordinary Shares pursuant to such a contract.

 

For

149,142,357 votes

Against

27,676 votes

Withheld

20,146 votes

Responses to investors' questions will be posted on the Company's website after the AGM.

 

¹ The Company notes that the voting rights adjustments under Article 6 and Article 23 of the Company's Articles of Incorporation were used in respect of resolutions 3, 4, 5 and 6, but this did not affect the outcome of the shareholder vote.

 

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

 

Enquiries:

RTW Investments, LP - Investment Manager

Woody Stileman (Business Development)

Oliver Kenyon (Business & Corporate Development)

Krisha McCune (Investor Relations)

 

+44 (0)20 7959 6361

[email protected]

Deutsche Numis - Joint Corporate Broker

Freddie Barnfield

Nathan Brown

Euan Brown

 

+44 (0)20 7260 1000

 

About RTW Biotech Opportunities Ltd:

RTW Biotech Opportunities Ltd (LSE: RTW) is an investment fund focused on identifying transformative assets with high growth potential across the biopharmaceutical and medical technology sectors. Driven by a long-term approach to support innovative businesses, RTW Biotech Opportunities Ltd invests in companies developing next-generation therapies and technologies that can significantly improve patients' lives. RTW Biotech Opportunities Ltd is managed by RTW Investments, LP, a leading healthcare-focused entrepreneurial investment firm with deep scientific expertise and a strong track record of supporting companies developing life-changing therapies.

Visit the website at www.rtwfunds.com/rtw-biotech-opportunities-ltd for more information.

 

 

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