6 January
2025
MicroSalt plc
("MicroSalt" or the
"Company")
Results of
General Meeting
MicroSalt plc (AIM: SALT), a leading
provider of full-flavour, natural salt with approximately 50% less
sodium, is pleased to announce that all resolutions proposed to
shareholders at its General Meeting ("GM") today were duly
passed.
The total number of votes received in respect
of all resolutions were as follows:
|
No
|
For
|
Against
|
Votes
Withheld
|
Total Votes
Cast
|
|
Number of
votes
|
%
|
Number of
votes
|
%
|
|
Ordinary
Resolutions
|
|
1. Approve the Company's new long-term
incentive plan, including any sub-plans and/or addenda
("LTIP").
|
34,118,028
|
99.92
|
26,553
|
0.08
|
5,356
|
34,144,581
|
|
2. Grant the Directors the authority to adopt
further schemes for the benefit of employees and non-employees
outside the UK based on the LTIP but modified to take account of
local tax, exchange control and securities laws in overseas
territories
|
33,767,964
|
98.90
|
376,617
|
1.10
|
5,356
|
34,144,581
|
Notes:
1. Proxy appointments which gave
discretion to the Chairman of the GM have been included in the
"For" total for the appropriate resolution.
2. Votes "For" and "Against" any
resolution are expressed as a percentage of votes validly cast for
that resolution.
3. A "Vote withheld" is not a vote
in law and is not counted in the calculation of the percentage of
shares voted "For" or "Against".
4. The number of shares in issue on
6 January 2025 was 48,217,134.
5. The full text of the resolutions
passed at the GM can be found in the Notice of General Meeting
which is available on the Company's website at
www.microsalt.co.
About
MicroSalt plc
MicroSalt® is dedicated to innovating food
technology solutions that enable people to live longer, healthier,
and happier lives. Its patented low-sodium salt delivers natural
salt with approximately 50% less sodium and may be used by both
consumers and food manufacturers to decrease the amount of sodium
in their food. SaltMe! chips are produced using MicroSalt®, a
patented innovative salt technology which is 100% natural, non-GMO,
gluten free, and Kosher certified, that does not contain any
potassium chloride. To learn more about MicroSalt Inc. and
MicroSalt® products, please visit https://microsalt.co, follow on X @microSaltPLC or contact:
|
MicroSalt
plc
|
Via Flagstaff
|
|
Rick Guiney, CEO
|
|
|
|
|
|
Zeus
(Nominated Adviser and
Broker)
David Foreman / James Edis (Investment
Banking)
|
+44 (0)20 3829 5000
|
|
|
|
|
Flagstaff
PR (Financial IR/FPR)
|
+44 (0)20 7129 1474
|
|
Tim Thompson / Alison Allfrey / Anna
Probert
microsalt@flagstaffcomms.com
|
|
|
|
|
Notes to
Editors
MicroSalt® produces a patented full-flavour,
low-sodium salt for food manufacturers and consumers.
MicroSalt is a major potential disruptor in the
food market, thanks to its micron sized particles which deliver the
same sense of saltiness to a wide range of foods but with
approximately 50% less sodium. Excess sodium consumption is a
significant contributor to cardiovascular disease and MicroSalt's
solution meets the rising demand for healthier alternatives to
traditional salt. The WHO has set a target for reducing global
sodium intake by 30% by 2025, which it estimates will save 7
million lives by 2030.
Each year, cardiovascular disease costs the UK
£19 billion - if the average salt intake was reduced by one gram
per day, it has been estimated that 4,147 lives and £288 million
would be saved each year in the UK. As a nation, the UK consumes
183 million kilograms of salt each year, and 70% of the typical
person's sodium intake is hidden in processed foods.
Operational since 2018, MicroSalt uses a
patent-protected technology which helps create high barriers to
entry within the reduced-sodium salt market.
The Directors believe that MicroSalt is well
positioned to capture growth in the low sodium market, which is
expected to grow exponentially, and that there is also scope to
enter the larger salt market.