Nanoco Group plc (GXG.DU) Earnings Call Transcript & Summary

Good day, and welcome to today's Nanoco's Annual General Meeting. This meeting is being recorded. I will now hand over to Dr. Christopher Richards. Please go ahead.

Thank you, and good morning, everyone. Welcome to sunny Runcorn on a very cold and great day, and welcome to those joining on the women. My name is Christopher Richards. I'm the Chairman of Nanoco Group plc. And I have been appointed the chairperson of this meeting. I'm joined here today, I'm pleased to say, by Brian Tenner, Chief Executive; Nigel Pickett, Chief Technology Officer and Founder of the company; Liam Gray, the Chief Financial Officer and Company Secretary; and the two nonexecutive directors on my right, Christopher Batterham and Ali Fielding on my left. It's now just gone 11:00. And as a quorum is present, I declare the meeting open. Before starting the formal proceedings of the meeting, I wish to confirm that a general trading update for the group was released for our Regulatory Information Service at 7:00 this morning. As explained in the notice of meeting, we'll only be taking questions today for those physically present in the room in person. However, shareholders were invited to sending questions via e-mail in advance of the meeting. But we've not received any. So before we go to the formal notice of the meeting, I'll be happy to -- or we would be happy as a Board to answer your questions from the room if there are any. Otherwise, there will be coffee. And we can take it outside the meeting if people prefer in an informal setting. So I'll just pause if there are any questions in the room. Seeing none, I suggest we turn now to the formal business of the meeting. The voting today will be conducted by way of a poll on the resolutions put to the meeting. This is in line with best practice as it gives all shareholders the opportunity to participate in the decision-making of the company and have their votes recorded in proportion to the number of shares they hold. I'm appointing Neville Registrars, the company's registrars, to act as scrutineers. The notice of this meeting calling the Annual General Meeting was published on the company's website on the 13th of November and was posted on the same date to shareholders. The proposed resolutions were fully explained within the notice of the meeting. And I propose to take the notice of the meeting as read. There are 15 resolutions listed for consideration of the meeting. Resolutions 1 to 11 will be proposed as ordinary resolutions and require a simple majority, which is more than 50% of votes in favor to be passed. Resolutions 12 to 15 will be proposed as special resolutions and require at least 75% of votes in favor to be passed. Now in line with recent practice, I would now like to propose all of the resolutions at once, resolutions 1 to 15 as detailed in the notice of meeting. And the poll will formally close 5 minutes after I bring the business of the meeting to a close. So I will now hand over to Howard Dickson, the -- thank you -- the representative from the company's registrars, to conduct the business of the poll. Howard.

Good morning. My name is Howard Dickson. I'm here from Neville Registrars Limited, the company's registrars. I'm [indiscernible] into conducting the polls on ordinary resolutions 1 through 11 and special resolutions 12 though 15. And the first part of the [indiscernible] today is the challenge of using proxy cards, which [indiscernible] shareholders prior to the meeting. Many of you have already [indiscernible] therefore, I want to give the [indiscernible]. I have here a summary of the [indiscernible] proxy cards [indiscernible], which indicates what the outcome of the polls will be if no additional votes were to be passed. I will use it as a starting point on counting votes. Please note that you have previously completed and returned your proxy cards [indiscernible] further action on the poll as your vote has already been counted. I will then answer any questions that you happen to may have in the development [indiscernible]. Please raise your hands if [indiscernible]

Okay, great. So the final results of the meeting will be announced to the market through the Regulatory Information Service and posted on our website as soon as practicable. That said, I would like to thank everyone for attending. And there being no further business, I declare the formal meeting closed. Thank you very much indeed.