Abcam plc: All Resolutions Withdrawn at Abcam's EGM

Rhea-AI Summary

Abcam plc (Nasdaq: ABCM) held an Extraordinary General Meeting to address a requisition notice from Dr. Jonathan Milner, which was later withdrawn. The proposed resolutions were not put to a vote, following English law.

CAMBRIDGE, England and WALTHAM, Mass., July 12, 2023 /PRNewswire/ -- Abcam plc ("Abcam," "Company," "Group") (Nasdaq: ABCM), a global leader in the supply of life science research tools, today held an Extraordinary General Meeting of its shareholders (the "EGM") that was convened following a requisition notice from Dr. Jonathan Milner dated May 30, 2023 (the "Requisition Notice").

As previously announced, on June 28, 2023, the Company received a letter of undertaking from Dr. Milner withdrawing the Requisition Notice and therefore the resolutions that Dr. Milner had previously proposed were formally withdrawn at the EGM, in accordance with English law, and were not put to a vote.

About Abcam plc

As an innovator in reagents and tools, Abcam's purpose is to serve life science researchers globally to achieve their mission faster. Providing the research and clinical communities with tools and scientific support, the Company offers highly validated antibodies, assays, and other research tools to address important targets in critical biological pathways.

Already a pioneer in data sharing and ecommerce in the life sciences, Abcam's ambition is to be the most influential company in life sciences by helping advance global understanding of biology and causes of disease, which, in turn, will drive new treatments and improved health.

Abcam's worldwide customer base of approximately 750,000 life science researchers' uses Abcam's antibodies, reagents, biomarkers, and assays. By actively listening to and collaborating with these researchers, the Company continuously advances its portfolio to address their needs. A transparent program of customer reviews and datasheets, combined with industry-leading validation initiatives, gives researchers increased confidence in their results.

Founded in 1998 and headquartered in Cambridge, UK, the Company has served customers in more than 130 countries. Abcam's American Depositary Shares (ADSs) trade on the Nasdaq Global Select Market (Nasdaq: ABCM).

For more information, please visit www.abcam.com or www.abcamplc.com 

Abcam plc

Tommy Thomas, CPA
Vice President, Investor Relations
+1 617-577-4205
tommy.thomas@abcam.com 

152 Grove Street, Building 1100
Waltham, MA 02453

Media enquiries

US: Joele Frank
+1 212-355-4449
Abcam-JF@joelefrank.com 

UK and Europe: FTI
+44 (0)20-3727-1000
Abcam@fticonsulting.com

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SOURCE Abcam PLC

FAQ

What is the ticker symbol of Abcam plc?

The ticker symbol of Abcam plc is ABCM.

What was the purpose of the Extraordinary General Meeting?

The EGM was held to address a requisition notice from Dr. Jonathan Milner.

What happened to the proposed resolutions at the EGM?

The resolutions proposed by Dr. Milner were formally withdrawn and not put to a vote.

What is the significance of the letter of undertaking from Dr. Milner?

The letter of undertaking from Dr. Milner led to the withdrawal of the Requisition Notice.

What is the impact of the EGM on Abcam plc's operations?

The EGM did not result in any new resolutions being voted on, maintaining the status quo for the company's operations.