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Vernalis Results of Annual General Meeting

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By LSE RNS

RNS Number : 2977Z
Vernalis PLC
14 December 2017
 

14 December 2017

LSE: VER

 

Vernalis Results of Annual General Meeting

 

Resolutions

 

Vernalis plc (LSE: VER) announces that all resolutions proposed to shareholders at its Annual General Meeting held today were duly passed.

 

All resolutions were approved on a show of hands.  The number of proxy votes received for each resolution is set out below.

 

Resolution

For (including discretionary votes)*

Against*

Withheld

Ordinary Resolutions (requires 50% majority)

1.   That the audited accounts and related reports of the directors and auditors for the 12 month period ended 30 June 2017 be received

461,562,562

(>99.99 %)

1,314

(<0.01 %)

370

2.   That the remuneration report contained within the report and accounts for the 12 month period ended 30 June 2017 be approved

458,122,758

(>99.25 %)

3,439,440

(<0.75 %)

2,048

3.   That Dr Fellner be re-elected as a director

457,720,835

(<99.58 %)

1,932,577

(>0.42 %)

1,910,834

4.   That Ms Ferguson be re-elected as a director

458,150,220

(<99.27 %)

3,383,604

(>0.73 %)

30,422

5.   That Mr Garland be re-elected as a director

460,030,263

(>99.67 %)

1,503,561

(<0.33 %)

30,422

6.   That PricewaterhouseCoopers LLP be reappointed auditors and the directors be authorised to determine their remuneration

459,664,328

(<99.59 %)

1,899,230

(>0.41 %)

688

7.   That the directors be authorised to allot shares

459,993,972

(>99.66 %)

1,568,601

(<0.34 %)

1,673

Special Resolutions (requires 75% majority)

8.   That the directors be authorised to disapply pre-emption rights

459,912,679

(>99.64 %)

1,649,048

(<0.36 %)

2,519

9.   That the directors be authorised to disapply pre-emption rights in connection with an acquisition or specified capital investment

458,032,320

(<99.24 %)

3,529,263

(>0.76 %)

2,663

*NB: A vote withheld is not a vote in law and, is not counted in the calculation of the votes for or against a resolution.  Therefore, the percentage of votes cast excludes withheld votes

 

On 14 December 2017, there were 526,819,624 Vernalis plc ordinary shares in issue.  Shareholders are entitled to one vote per share held.

 

The full text of each resolution passed at the Annual General Meeting held earlier today, Thursday 14 December 2017, is set out in the Notice of Annual General Meeting which is available for viewing on the Company's website at www.vernalis.com.

 

-- ends --

 

 

Enquiries:

 

Vernalis:

+44 (0) 118 938 0015

Ian Garland, Chief Executive Officer

David Mackney, Chief Financial Officer

 

 

Canaccord Genuity Limited (Nominated Adviser and Joint Broker):

+44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor

Emma Gabriel

 

 

Shore Capital  (Joint Broker):

+44 (0)20 7408 4090

Mark Percy

Toby Gibbs

 

 

FTI Consulting:

+44 (0) 20 3727 1000

Ben Atwell

Simon Conway

Stephanie Cuthbert

 

 

Stern Investor Relations:

+1 (0) 212 362 1200

Stephanie Ascher

Jane Urheim

 

 

Notes to Editors

 

About Vernalis

Vernalis is a revenue generating, commercial stage pharmaceutical company with significant expertise in drug development.  The Group has three approved products: Tuzistra® XR, targeting the US prescription cough-cold market; Moxatag®, a once-a-day formulation of the antibiotic, amoxicillin, indicated for the treatment of tonsillitis and/or pharyngitis secondary to Streptococcus pyogenes in adults and pediatric patients 12 years and older; and frovatriptan for the acute treatment of migraine. It has an exclusive licensing agreement to develop and commercialise multiple novel products focussed on the US prescription cough-cold market as well as eight programmes in its NCE development pipeline.  Vernalis has also significant expertise in fragment and structure based drug discovery which it leverages to enter into collaborations with larger pharmaceutical companies.  The Company's technologies, capabilities and products have been endorsed over the last ten years by collaborations with leading pharmaceutical companies, including Asahi Kasei Pharma, Biogen Idec, Endo, GSK, Genentech, Lundbeck, Menarini, Novartis, Servier, and Tris.

 

For further information about Vernalis, please visit www.vernalis.com.

 

Vernalis Forward-Looking Statement

This news release may contain forward-looking statements that reflect the Company's current expectations regarding future events including the clinical development and regulatory clearance of the Company's products, the Company's ability to find partners for the development and commercialisation of its NCE pipeline, the Company's ability to successfully commercialise its cough-cold products and Moxatag® through its own salesforce, as well as the Company's future capital raising activities.  Forward-looking statements involve risks and uncertainties.  Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the ability of the Company to identify and agree beneficial terms with suitable partners for the commercialisation and/or development of its products, as well as the achievement of expected synergies from such transactions, the acceptance of Tuzistra® XR, Moxatag®, frovatriptan and other products by consumers and medical professionals, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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