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Redx Pharma PLC

Redx Pharma plc - Result of AGM and Directorate change

RNS Number : 8923Q
Redx Pharma plc
02 March 2021
 

 

 

REDX PHARMA PLC

("Redx" or "the Company")

 

Result of Annual General Meeting and Directorate change

 

Alderley Park, 2 March 2021 Redx Pharma (AIM:REDX), the drug discovery and development Company focused on oncology and fibrosis, today announces that its Annual General Meeting was held at 11.00 am on 2 March 2021, with all resolutions passed by substantial majorities. 

 

The table below sets out the details of the votes put to shareholders

 

Resolution numbe

Resolution name

Number of votes for & discretionary

% of votes for & discretionary

Number of votes against

% of votes against

% of votes witheld

Total votes cast (including withheld)

1

Receive the Company's annual accounts

247,031,884

94.79%

13,571,429

5.21%

0.00%

260,604,013

2

Re-appoint RSM as auditors

260,597,840

100%

200

0.00%

0.00%

260,604,013

3

Elect Sarah Gordon Wild as a director

260,597,840

100%

200

0.00%

0.00%

260,604,013

4

Elect Dr Thomas Burt as a director

260,597,840

100%

200

0.00%

0.00%

260,604,013

5

Re-elect Lisa Anson as a director

260,603,513

100%

0

0.00%

0.00%

260,604,013

6

Re-elect Dr Bernd Kirschbaum as a director

260,598,040

100%

0

0.00%

0.00%

260,604,013

7

Re-elect Peter Presland as a director

260,603,513

100%

0

0.00%

0.00%

260,604,013

8

Authorise the directors to allot shares

260,594,551

100%

1,686

0.00%

0.00%

260,604,013

9

Disapply pre-emption rights

260,594,551

100%

2,389

0.00%

0.00%

260,604,013

 

The Chairman, Iain Ross provided the following update:

 

"As the Company continues to progress its pipeline and expand its operations,  the Board has reviewed its composition and that of the executive leadership  team. As a result, a search for a US based Chief Financial Officer has been initiated. James Mead will continue in his role as Chief Financial Officer until a new appointment has been made at which point Dr Mead will assume the role of Chief Operating Officer. In conjunction with these changes,  Dr Mead will step down from the Board with immediate effect and will cease to be a Director of the Company. Going forward, the Board will therefore consist of five non-executive directors and one executive director, the CEO. Finally on a personal basis I would like to thank James for his contribution to the Board over the last two years, and his ongoing commitment as a member of the executive management team going forward."

 

 

For further information, please contact:




Redx Pharma Plc 

T: +44 1625 469 918

Iain Ross, Chairman

Lisa Anson, Chief Executive

James Mead, Chief Financial Officer




SPARK Advisory Partners (Nominated Adviser)

 T: +44 203 368 3550

Matt Davis/Adam Dawes




WG Partners LLP (Broker)

T: +44 20 3705 9330

Claes Spång/Chris Lee/David Wilson






FTI Consulting

T: +44 20 3727 1000

Simon Conway/Ciara Martin


 

 


 

About Redx Pharma Plc

 

Redx Pharma (AIM:REDX) is focused on the discovery and development of novel targeted medicines for the treatment of cancer and fibrotic disease, aiming to progress them to clinical proof of concept. Redx's lead oncology asset, RXC004, is currently in a phase 1 study in patients with advanced malignancies with top line data expected in H1 2021 and the Company's selective ROCK2 inhibitor, RXC007, is expected to enter a phase 1 clinical study in H1 2021.

 

The Company's  core capability  of converting  medicinal chemistry insights into differentiated and commercially attractive small molecule drug candidates against clinically validated targets has been recognized by others. Over the last three years the company has completed four major preclinical stage deals with AstraZeneca, Jazz Pharmaceuticals and Loxo Oncology (now Eli Lilly).

 

 

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