Description of the potential extraordinary normal assembly

Cambridge, England And Waltham, Mass, Might 17, 2023 /PRNewswire/ — Abcam plc (NASDAQ: ABCM), (“Abcam,” “Firm,” “Group”) (Nasdaq: ABCMA world chief within the provide of life science analysis gear in the present day, its founder and former director, Dr. Jonathan Milner He indicated that he would take steps to name an Extraordinary Normal Assembly (EGM) of the corporate’s shareholders to elect himself as the chief chairman of the corporate’s board of administrators.

The corporate is stunned that Dr. Milner determined to make this public assertion in view of the continued discussions with him concerning the appointment of the board.

Dr. Milner first requested for re-appointment to the board. April 28, 2023He might have sought a decision on the AGM to realize his goal lower than three weeks earlier than and after the date of the corporate’s Annual Normal Assembly (“AGM”). The board was fast to take a position that it could return to the board, together with assembly all non-executive administrators inside 10 days.

Dr. Milner’s request was completely thought-about by the Nominating Committee and all the Board of Administrators. In keeping with the standard relationship settlement, Dr. Milner might be given the chance to be appointed as a member of the board and it was determined in the present day to succeed in a consensus within the discussion board. After informing Dr. Milner that the board would possibly appoint him, he instantly declined the decision and requested to call an govt to interchange the present chairman.

The corporate recalled that Dr. Milner gave a press launch concerning this query earlier than the board had time to reply. Regardless of the Board’s clear and constant efforts to interact constructively with Dr. Milner, the Firm is dissatisfied that it has as a substitute resorted to aggressive techniques in making an attempt to pressure the Firm to simply accept his request.

At the moment, the corporate’s AGM ended with the shareholders voting overwhelmingly in favor of all of the resolutions, and the administrators acquired a median of 95% shareholder help.

About Abcam plc

As an innovator in reagents and instruments, Abcam’s mission is to serve life science researchers worldwide to speed up their mission. Offering instruments and scientific help to the analysis and scientific communities, the corporate gives extremely validated antibodies, assays and different analysis instruments to handle vital targets in crucial organic pathways.

A pioneer in knowledge sharing and e-commerce within the life sciences, Abcam’s ambition is to be essentially the most influential firm within the life sciences by serving to to develop international understanding of biology and illness pathogenesis, which in flip, results in new therapies and improved well being.

Abcam’s international buyer base of roughly 750,000 life science researchers makes use of Abcam’s antibodies, reagents, biomarkers and assays. By actively listening to and collaborating with these researchers, the corporate constantly expands its portfolio to fulfill their wants. Clear buyer critiques and knowledge sheets mixed with industry-leading validation initiatives give researchers confidence of their outcomes.

Established and headquartered in 1998 Cambridge, UK, the corporate has served prospects in additional than 130 nations. Abcam’s American Depositary Shares (ADS) are traded on the Nasdaq Worldwide Choices Trade (NASDAQ: ABCM).

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Ahead-looking statements

This commercial was revealed in Comprises forward-looking statements inside the which means of the Non-public Securities Litigation Modification Act of 1995. In some instances, you’ll be able to establish forward-looking statements by the next phrases: “might,” “might,” “might,” “might,” “might,” “ought to,” “count on,” “plan,” “anticipate,” “anticipate,” “count on,” “imagine,” “estimate,” “anticipate,” “potential,” “proceed,” “think about,” “doable” or the negatives of such phrases or different synonyms, though not all forward-looking statements include such phrases. They don’t seem to be historic information, nor are they ensures of future efficiency. Any specific or implied statements that aren’t historic information contained on this announcement could also be thought-about forward-looking statements, together with, with out limitation, Abcam’s portfolio and ambitions, value optimization and effectivity initiatives, and our future outcomes of operations and monetary place. Prospects comparable to our 2023 outlook and 2024 efficiency targets will not be ensures, however contain identified and unknown dangers and uncertainties which will trigger precise outcomes to vary from these anticipated, together with, with out limitation, challenges in implementing our methods; aggressive challenges to income development; the necessity to develop new merchandise or enhance current merchandise, and to adapt to main technological adjustments or to answer the introduction of recent merchandise competitively; to discontinue or scale back our prospects’ expenditures on analysis, improvement, manufacturing or different scientific efforts; to be unable to efficiently establish or combine acquired companies or property; or failure to completely understand the anticipated advantages of our companies or property; The continued COVID-19 pandemic continues to impression our enterprise, together with variables, and the impression it’ll have on our operations and provide chains. the shortcoming to efficiently use, entry and preserve info programs and implement new programs to fulfill our altering wants; cybersecurity dangers and failure to keep up the confidentiality, integrity and availability of our laptop {hardware}, software program and Web functions and associated gadgets and features; incapacity to efficiently handle our present and future development; important interruptions in our operations; Our merchandise fail to fulfill relevant high quality requirements, specs and efficiency requirements; failure to guard and enhance our model and status; capability to answer antagonistic geopolitical or financial adjustments affecting life science funding; Failure to ship on transformational improvement initiatives; our dependence on administration and extremely expert personnel and our capability to draw and retain these extremely expert personnel; And as a international non-public issuer, we’re exempt from sure guidelines below U.S. securities legal guidelines and Nasdaq’s company governance guidelines and are permitted to supply much less info to the SEC than U.S. firms, which can restrict the data obtainable to our U.S. shareholders. Depositary Shares (“ADS”); and different vital components are mentioned below the heading “Danger Elements” in Abcam’s Annual Report on Kind 20-F for the 12 months ended December 31, 2022 (“Annual Report”) filed with the US Securities and Trade Fee (“SEC”). March 20, 2023Accessible on the SEC web site, such components could also be up to date occasionally in Abcam’s subsequent filings with the SEC. Any forward-looking statements contained on this announcement converse solely as of the date hereof and accordingly undue reliance shouldn’t be positioned on such statements. Abikam disclaims any obligation or obligation to replace or revise any forward-looking statements contained on this announcement, whether or not on account of new info, future occasions or in any other case, besides to the extent required by relevant regulation.

Abcam plc

Tommy ThomasCPA
Vice President, Investor Relations
+1 617-577-4205

152 Grove Road, Constructing 1100
Waltham, MA 02453

FTI Advisor (Media Inquiries)
Ben Atwell / Pat Tucker
[email protected]


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