Investors
Announcements
Result of General Meeting
31 May 2023
TruSpine Technologies Plc, the medical device company focused on the spinal (vertebral) stabilisation market, announces that resolutions 1 - 7 of the Requisition Resolutions put to shareholders at the requisitioned General Meeting, proposed by the Named Shareholders, held today were defeated.
Resolution 8, relating to the re-convening of the adjourned 2022 Annual General Meeting, was passed. It is the Company's intention to shortly re-convene the 2022 Annual General Meeting.
The results of the poll voting (which includes votes submitted by proxy) are detailed below and will be available shortly on the Company's website: http://truspine.org/
| Resolution | For | % | Against | % | Total | Withheld* | |
| 1. | Norman Alec Charles Lott be and is hereby removed from the office of director of the Company with immediate effect. | 43,257,869 | 47.54% | 47,731,826 | 52.46% | 90,989,695 | - |
| 2. | Nikunj Kantilal Patel be and is hereby removed from the office of director of the Company with immediate effect. | 25,932,069 | 28.50% | 65,057,626 | 71.50% | 90,989,695 | - |
| 3. | Annabel Martha Schild be and is hereby removed from the office of director of the Company with immediate effect. | 27,498,122 | 30.22% | 63,491,573 | 69.78% | 90,989,695 | - |
| 4. | Laurence Richard Strauss be and is hereby removed from the office of director of the Company with immediate effect. | 42,086,200 | 45.85% | 49,703,494 | 54.15% | 91,789,694 | - |
| 5. | Todd Michael Cramer, having indicated his willingness to act, be and is hereby appointed a director of the Company with immediate effect. | 26,051,848 | 30.61% | 59,050,608 | 69.39% | 85,102,456 | 5,887,239 |
| 6. | Peter Houghton, having indicated his willingness to act, be and is hereby appointed a director of the Company with immediate effect. | 26,035,182 | 30.59% | 59,067,275 | 69.41% | 85,102,457 | 5,887,238 |
| 7. | Anthony Swoboda, having indicated his willingness to act, be and is hereby appointed a director of the Company with immediate effect. | 37,515,629 | 44.08% | 47,586,828 | 55.92% | 85,102,457 | 5,887,238 |
| 8. | The adjourned 2022 Annual General Meeting be re-convened as soon as reasonably practical. | 44,630,331 | 52.51% | 40,358,125 | 47.49% | 84,988,456 | 6,001,239 |
Capitalised terms used in this announcement have the meanings given to them in the circular published on 5 May 2023, unless the context provides otherwise
TruSpine CEO Laurence Strauss commented: "I am pleased to report that all but one of the resolutions tabled by certain shareholders for today's requisitioned General Meeting have been defeated. I hope that as a company we can now draw a line under this matter and move forward so that we can take the necessary steps to realise the potential of our unique product portfolio. I look forward to reporting our progress to shareholders in due course.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.
Enquiries:
TruSpine Technologies Plc | Tel: +44 (0)20 7118 0852 |
Laurence Strauss, Chief Executive Officer | |
Cairn Financial Advisers LLP (AQSE Corporate Adviser) | Tel: +44 (0)20 7213 0880 |
Liam Murray / Ludovico Lazzaretti | |
Oberon Capital (Joint Broker) | Tel: +44 (0)20 3179 5300 |
Mike Seabrook / Chris Crawford | |
Peterhouse Capital Limited (Joint Broker & Financial Adviser) | Tel: +44 (0)20 7469 0930 |
Lucy Williams / Duncan Vasey | |
Novus Communications (PR and IR) | Tel: +44 (0)20 7448 9839 |
Alan Green / Jacqueline Briscoe |