Ormonde wishes to advise its shareholders that the remaining resolutions due to be considered at today's reconvened Annual General Meeting ("AGM") have been withdrawn and the meeting dissolved. The approvals of Resolutions 1 through 5, which took place at the AGM of 3 December 2020, remain valid and unaffected.
Ormonde has come to the decision to dissolve the AGM as a result of being unable to obtain the support of the Company's largest shareholder for Resolutions 6 and 7. Resolution 6 would have allowed the Company to issue shares to third parties as consideration for a transaction. Both resolutions are routine annual resolutions for listed companies and similar resolutions have been approved by Ormonde shareholders over recent years.