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Results of AGM/EGM

IBT resolutions passed at AGM

09 December 2015 16:29

International Biotechnology Trust has confirmed that all resolutions proposed at its annual general meeting today were passed.

The chairman noted that the manager had won two awards in the past two months for the performance of the company. First the UK Tech Awards, where it won the award for Tech Fund Manager of the year and then the 2015 Investors Chronicle/Financial Times Investment and Wealth Management Awards for Best Specialist Fund - Best Specialist Fund.

In accordance with the company's process for reviewing the investment management agreement with the manager. It said that as part of the management engagement committee's responsibilities, the committee and manager will start a discussion regarding modifications to the existing IMA with a view to removing ambiguities, clarifying and simplifying the current arrangements.

The company also announced that Dr David Clough will retire as a non-executive director with effect from today. The company confirmed that no remuneration payments were made in respect of his retirement.

The board thanked him for his contribution to the company over the last 11 years.

At 4:29pm: (LON:IBT) International Biotechnology Trust Plc share price was +7.25p at 517.25p

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