Results of Annual General Meeting

Rhea-AI Summary

The Annual General Meeting of PureTech Health plc (Nasdaq: PRTC) took place on May 27, 2021, with all proposed resolutions passing successfully. Key results include:

• Approval of the Annual Report for 2020: 100% votes in favor.
• Directors’ Remuneration Report: 89.74% approval.
• Directors’ Remuneration Policy: 83.90% approval.
• Election of directors Dr. Raju Kucherlapati and Dame Marjorie Scardino received 98.73% and 98.54% approval, respectively.
• Reappointment of KPMG LLP as Auditors: 99.90% approval.

These results reflect strong shareholder support for the Company's governance and financial reporting.

Positive

• All resolutions passed with significant majority support, demonstrating strong shareholder confidence.
• 100% approval for the Annual Report, indicating satisfaction with Company performance.
• Reappointment of KPMG LLP as Auditors with 99.90% approval, assuring continued financial oversight.

Negative

• Directors’ Remuneration Report saw a 10.26% dissenting vote, indicating some shareholder concerns.
• Directors’ Remuneration Policy received only 83.90% approval, highlighting potential issues with compensation strategies.

The Annual General Meeting of PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (“PureTech Health” or the “Company”) was held at 11 a.m. EDT/4 p.m. BST on Thursday, May 27, 2021. All of the resolutions proposed at the Annual General Meeting were duly passed by the shareholders on a poll.

The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.

Resolutions			For			%			Against			%			Withheld			Total votes cast
001. To approve the Company’s Annual Report and Accounts for year ended 31 December 2020			225,240,798			100.00%			10,921			0.00%			273,846			225,251,719
002. To approve the Directors’ Remuneration Report			200,319,991			89.74%			22,895,826			10.26%			2,309,748			223,215,817
003. To approve the Directors’ Remuneration Policy			187,285,809			83.90%			35,930,008			16.10%			2,309,748			223,215,817
004. To elect Dr. Raju Kucherlapati as a director			222,659,203			98.73%			2,865,525			1.27%			837			225,524,728
005. To elect Dr. John LaMattina as a director			218,438,727			96.86%			7,086,001			3.14%			837			225,524,728
006. To elect Ms. Kiran Mazumdar-Shaw as a director			189,257,653			84.32%			35,193,037			15.68%			1,074,875			224,450,690
007. To elect Dame Marjorie Scardino as a director			222,228,072			98.54%			3,296,656			1.46%			837			225,524,728
008. To elect Mr. Christopher Viehbacher as a director			199,985,210			88.68%			25,539,518			11.32%			837			225,524,728
009. To elect Dr. Robert Langer as a director			218,164,180			96.74%			7,360,548			3.26%			837			225,524,728
010. To elect Ms. Daphne Zohar as a director			225,474,510			99.98%			50,218			0.02%			837			225,524,728
011. To elect Dr. Bharatt Chowrira as a director			225,473,830			99.98%			50,898			0.02%			837			225,524,728
012. To reappoint KPMG LLP as Auditors of the Company			225,291,096			99.90%			234,469			0.10%			0			225,525,565
013. To authorize the Audit Committee to determine the Auditors' remuneration			225,483,695			99.98%			41,870			0.02%			0			225,525,565
014. To authorize the allotment of shares			221,538,872			98.23%			3,986,693			1.77%			0

FAQ

What occurred at the PureTech Health Annual General Meeting on May 27, 2021?

The meeting resulted in all proposed resolutions being passed by shareholders.

What was the outcome of the vote on the Directors' Remuneration Report?

The Directors' Remuneration Report was approved with 89.74% of votes in favor.

Who were elected as directors during the PureTech Health AGM?

Dr. Raju Kucherlapati and Dame Marjorie Scardino were among those elected, receiving over 98% approval.

What percentage of shareholders approved the Annual Report for the year ended December 31, 2020?

The Annual Report was approved with a 100% vote in favor.

How did shareholders vote on the reappointment of KPMG LLP as auditors?

KPMG LLP was reappointed as auditors with 99.90% approval from shareholders.