IP Group PLC — AGM Information 2019

May 28, 2019

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RNS Number : 3864A

IP Group PLC

28 May 2019

FOR RELEASE ON	# 28 May 2019

IP Group plc - Results of Annual General Meeting

The Annual General Meeting of IP Group plc was held earlier today. All of the resolutions proposed at the Annual General Meeting were passed by the appropriate majority on a poll.

In accordance with Listing Rule 9.6.1, a copy of the resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

IP Group plc Annual General Meeting Poll Results

	RESOLUTION	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
1	To receive the Directors' Report, the Audited Statement of Accounts and Auditor's Report of the Company for the financial year ended 31 December 2018.	896,950,570	99.99	104,987	0.01	897,055,557	84.70	9,366,898
2	To approve the Directors' Remuneration Report for the year ended 31 December 2018.	898,843,951	99.17	7,563,470	0.83	906,407,421	85.58	14,335
3	To approve the Directors' Remuneration Policy, the full text of which is contained within the Directors' Remuneration Report.	875,879,024	96.63	30,524,396	3.37	906,403,420	85.58	18,335
4	To re-appoint KPMG LLP as auditor of the Company to hold office from the conclusion of this meeting until the conclusion of the next general meeting of the Company at which accounts are laid before the shareholders in accordance with the provisions of the Companies Act 2006.	902,378,145	99.99	81,903	0.01	902,460,048	85.21	3,962,408
5	That the Directors be authorised to fix the remuneration of KPMG LLP as auditor of the Company.	906,345,089	99.99	71,883	0.01	906,416,972	85.58	5,484
6	To elect Sir Douglas Flint as a Director of the Company.	892,825,297	98.89	10,044,554	1.11	902,869,851	85.25	3,551,905
7	To re-elect Mr Heejae Chae as a Director of the Company.	896,903,938	98.95	9,487,372	1.05	906,391,310	85.58	30,445
8	To re-elect Mr Alan Aubrey as a Director of the Company.	876,879,408	96.74	29,517,850	3.26	906,397,258	85.58	24,497
9	To re-elect Mr David Baynes as a Director of the Company.	905,919,039	99.95	471,377	0.05	906,390,416	85.58	31,340
10	To re-elect Professor David Begg as a Director of the Company.	890,612,159	98.95	9,469,117	1.05	900,081,276	84.98	6,340,479
11	To re-elect Mr Jonathan Brooks as a Director of the Company.	896,965,036	98.96	9,426,275	1.04	906,391,311	85.58	30,445
12	To re-elect Mr Greg Smith as a Director of the Company.	902,647,937	99.59	3,743,374	0.41	906,391,311	85.58	30,445
13	To re-elect Dr Elaine Sullivan as a Director of the Company.	896,921,519	98.96	9,470,926	1.04	906,392,445	85.58	29,310
14	To re-elect Mr Michael Townend as a Director of the Company.	902,253,887	99.54	4,137,424	0.46	906,391,311	85.58	30,445
15	That the Directors be and are hereby generally and unconditionally authorised for the purposes of section 551 of the Act to exercise all the powers of the Company to allot shares / equity securities subject to the limits set out in the AGM notice.	888,520,829	98.03	17,892,601	1.97	906,413,430	85.58	8,326
16	That, subject to and conditional on the passing of Resolution 15, the Directors be and are hereby generally empowered pursuant to sections 570 and 573 of the Act to allot equity securities (as defined in section 560 of the Act), payment for which is to be wholly in cash as if section 561(1) of the Act did not apply to any such allotment.	906,076,697	99.96	335,266	0.04	906,411,963	85.58	9,793
17	That, in accordance with section 366 of the Act, the Company and all companies that are subsidiaries of the Company at any time during the period for which this Resolution 17 has effect be and are hereby authorised to incur political expenditure (as defined in section 365 of the Act) not exceeding £50,000 in total during the period beginning with the date of the passing of this Resolution and ending at the conclusion of the Company's 2020 AGM.	895,517,423	98.80	10,902,812	1.20	906,420,235	85.58	2,221
18	That the Company generally be authorised for the purposes of section 701 of the Act to make market purchases (as defined in section 693(4) of the Act) of the Company's ordinary shares on such terms and in such manner as the Directors may from time to time determine.	902,404,450	99.56	4,015,295	0.44	906,419,745	85.58	2,011
19	That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.	903,190,933	99.64	3,226,229	0.36	906,417,162	85.58	5,294
20	That the Directors be and are hereby authorised to amend the rules of the IP Group Long-Term Incentive Plan as set out in the AGM notice.	Resolution withdrawn
21	That the Directors be and are hereby authorised to amend the rules of the IP Group Deferred Bonus Share Plan (the "DBSP") as set out in the AGM notice.	899,110,893	99.20	7,286,142	0.80	906,397,035	85.58	24,721

Ends

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