Amino Technologies plc (LON:AMO), the global provider of media and entertainment technology solutions to network operators, has provided an update with regards to Resolution 1 to be proposed at the Company’s general meeting to be held at 9.00am on Friday, 4th September 2020.
Further to the announcement of 10th August 2020, the Company wishes to clarify that Resolution 1 to be proposed at the General Meeting proposes the adoption of new articles of association (the “New Articles”). As described in the circular accompanying the notice of general meeting (the “Circular”), the New Articles provide for the Company to be able to hold ‘hybrid’ or wholly electronic general meetings in such a way as enables members to attend and participate in the business of the meeting by attending a physical location or by attending by electronic means. This change is intended to make it easier for members (including those based overseas) to attend and participate in future general meetings if the Company decides to make such facilities available in future.
As set out in the Circular, the Board has no current intention of using the power to hold meetings in wholly electronic form. Following constructive shareholder discussions, the Company confirms that if the New Articles are adopted at the General Meeting, the Company will not use the power in the New Articles to hold wholly electronic general meetings before the Company’s AGM in 2021 and at the 2021 AGM it will propose an amendment to the New Articles such that the power to hold wholly electronic general meetings thereafter is subject to prior annual confirmation by shareholder resolution.