21
June 2024
MicroSalt
Plc
("MicroSalt" or the "Company")
Result of
AGM
MicroSalt plc, a company
commercialising a patented technology to produce full-flavour,
low-sodium salt for food manufacturers and consumers is pleased to
announce that all resolutions proposed to shareholders at its
Annual General Meeting today were duly passed.
The total number of votes received
in respect of all resolutions were as follows:
|
No.
|
For
|
Against
|
Votes
Withheld
|
Total Votes
Cast
|
|
Number of
Votes
|
%
|
Number of
Votes
|
% Votes
against
|
|
Ordinary Resolutions
|
|
1. Approval of Annual Report
and Accounts
|
33,958,101
|
100.00%
|
0
|
0.00%
|
9,086
|
33,958,101
|
|
2. To re-appointment Crowe U.K.
LLP as Auditors
|
33,935,922
|
100.00%
|
0
|
0.00%
|
31,265
|
33,935,922
|
|
3. To authorise Directors to
set Auditors remuneration
|
33,935,922
|
100.00%
|
0
|
0.00%
|
31,265
|
33,935,922
|
|
4. To re-elect Rick Guiney as a
Director
|
33,967,187
|
100.00%
|
0
|
0.00%
|
0
|
33,967,187
|
|
5. To re-elect Konrad Dabrowski
as a Director
|
33,848,944
|
99.99%
|
684
|
0.002%
|
117,559
|
33,849,628
|
|
6. To re-elect Judith Batchelar
as a Director
|
33,849,628
|
100.00%
|
0
|
0.00%
|
117,559
|
33,849,628
|
|
7. To re-elect Daniel Emery as
a Director
|
33,817,679
|
99.99%
|
684
|
0.002%
|
148,824
|
33,818,363
|
|
8. To re-elect Gary Urmston as
a Director
|
33,818,363
|
100.00%
|
0
|
0.00%
|
148,824
|
33,818,363
|
|
9. Authority to Allot
Shares
|
33,848,944
|
99.99%
|
684
|
0.002%
|
117,559
|
33,849,628
|
|
Special Resolution
|
|
10. Disapplication of
pre-emption rights
|
33,818,363
|
100.00%
|
0
|
0.000%
|
148,824
|
33,818,363
|
Notes:
1. Proxy appointments
which gave discretion to the Chairman of the AGM have been included
in the "For" total for the appropriate resolution.
2. Votes "For" and
"Against" any resolution are expressed as a percentage of votes
validly cast for that resolution.
3. A "Vote withheld" is
not a vote in law and is not counted in the calculation of the
percentage of shares voted "For" or "Against".
4. The number of shares
in issue on 21 June 2024 was 47,147,401.
5. The full text of the
resolutions passed at the AGM can be found in the Notice of Annual
General Meeting which is available on the Company's website at
www.microsalt.co.
For
further information, please visit MicroSalt's
website or contact:
|
MicroSalt plc
|
Via Flagstaff PR
|
|
Rick Guiney, CEO
|
|
|
|
|
|
Zeus (Nominated Adviser and
Broker)
|
+44 (0)20 3829 5000
|
|
David Foreman / James Edis
(Investment Banking)
|
|
|
Dom King (Corporate Broking), Rupert
Woolfenden (Sales)
|
|
|
|
|
|
Flagstaff PR (Financial
PR/IR)
|
+44 (0)20 7129 1474
|
|
Tim Thompson / Alison Allfrey / Anna
Probert
|
|
Notes to Editors
MicroSalt® produces a patented
full-flavour, low-sodium salt for food manufacturers and
consumers.
MicroSalt is a major potential
disruptor in the food market, thanks to its micron sized particles
which deliver the same sense of saltiness to a wide range of foods
but with approximately 50% less sodium. Excess sodium consumption
is a significant contributor to cardiovascular disease and
MicroSalt's solution meets the rising demand for healthier
alternatives to traditional salt. The WHO
has set a target for reducing global sodium intake by 30% by 2025,
which it estimates will save 7 million lives by 2030.
Each year, cardiovascular disease
costs the UK £19 billion - if the average salt intake was reduced
by one gram per day, it has been estimated that 4,147 lives and
£288 million would be saved each year in the UK. As a nation, the
UK consumes 183 million kilograms of salt each year, and 70 per
cent. of the typical person's sodium intake is hidden in processed
foods.
Operational since 2018, MicroSalt
uses a patent-protected technology which helps create high barriers
to entry within the reduced-sodium salt market. The group has a US
patent and 14 patent applications pending in other jurisdictions
globally.
The Directors believe that MicroSalt
is well positioned to capture growth in the low sodium market,
which is expected to grow exponentially, and that there is also
scope to enter the larger salt market.
MicroSalt has a three-pronged
marketing strategy, targeting large B2B food manufacturers, the B2C
market and e-commerce customers. MicroSalt's all natural,
low-sodium solution is well positioned to take advantage of the
fast-growing market for a healthier alternative to traditional
salt.
ENDS