AGM/EGMMay 6, 2026, 04:15 PM
NuCana to Sub-Divide Shares, Seeks £5M Allotment Authority at 2026 AGM
AI Summary
NuCana plc announced its 2026 Annual General Meeting (AGM) to be held on June 8, 2026, where shareholders will vote on several key resolutions. These include the re-election of directors, re-appointment of auditors, and approval of the 2025 financial accounts and remuneration reports. Crucially, the company is proposing a capital reorganisation involving the sub-division of both deferred and ordinary shares to address its inability to issue new ADSs at market value. Additionally, shareholders will vote on authorizing directors to allot shares and disapply pre-emption rights for up to £5,000,000, which the board deems essential for future financing and growth.
Key Highlights
- 2026 Annual General Meeting scheduled for June 8, 2026, at 11:00 AM in Edinburgh, UK.
- Shareholders to vote on re-election of Hugh Stephen Griffith and Andrew Martin Kay as Class I directors.
- Re-appointment of Ernst & Young LLP as auditors and authorization for directors to determine their remuneration.
- Approval sought for the Company's audited accounts and Directors' Remuneration Report for FY 2025.
- Proposal to sub-divide existing deferred shares from £0.0004 to £0.000004 each (Resolution 8).
- Proposal to sub-divide and redesignate existing ordinary shares (1:100) to £0.000004 each (Resolution 9).
- Directors seek authority to allot shares up to an aggregate nominal amount of £5,000,000 (Resolution 10).
- Directors seek power to allot equity securities for cash on a non-preemptive basis up to £5,000,000 (Resolution 11).