EX-99.1 2 a13-21799_4ex99d1.htm EX-99.1

Exhibit 99.1

 

ASX ANNOUNCEMENT

23 October 2013

 

Results from Extraordinary General Meeting

 

Melbourne, Australia; 23 October 2013: Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE) advises that an Extraordinary General Meeting of shareholders was held at 10.00 am today (Melbourne time).

 

Resolutions One and Three were put before the shareholders and were passed on a show of hands.

 

In respect of Resolution Two, regarding the issue of the Convertible Note and Option, the Board has given due consideration to feedback received from shareholders that further time was required in order for those shareholders to consider the Resolution.

 

In light of this, and given the proximity to the Company’s 2013 Annual General Meeting (“AGM”), the Company has adjourned the Extraordinary General Meeting until 10.30 am on the date of the AGM, namely Friday, 29 November 2013, at the same venue as the AGM.  Resolution Two will then be put before the shareholders for their consideration at that time.

 

The Directors confirm that they still recommend that shareholders vote in favour of Resolution Two at the adjourned Extraordinary General Meeting to be held on 29 November 2013.

 

The proxy votes received in respect of the three Resolutions are set out on the attached page.

 

FOR FURTHER INFORMATION PLEASE CONTACT

 

Tom Howitt

Laura Forman (USA)

Chief Executive Officer (Acting)

Blueprint Life Science Group

 

 

Genetic Technologies Limited

+1 (415) 375 3340, Ext. 103

Phone: +61 3 8412 7000

 

 

About Genetic Technologies Limited

 

Genetic Technologies is an established diagnostics company with more than 20 years of experience in commercializing genetic testing, non-coding DNA and product patenting.  The Company has operations in Australia and the U.S. and is dual-listed on the ASX (Code: GTG) and NASDAQ (Ticker: GENE).  Genetic Technologies is focused on the commercialization of its patent portfolio through an active out-licensing program and the global expansion of its oncology and cancer management diagnostics assets.  Its U.S. subsidiary, Phenogen Sciences Inc., offers novel predictive testing and assessment tools to help physicians proactively manage women’s health.  Phenogen’s lead product, BREVAGen™, is a first in class, clinically validated risk assessment test for non-familial breast cancer.

 

For more information, please visit http://www.gtglabs.com and http://www.phenogensciences.com

 

Safe Harbor Statement

 

Any statements in this press release that relate to the Company’s expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act  The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees.  Since this information may involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.  Additional risks associated with Genetic Technologies’ business can be found in its periodic filings with the SEC.

 

Genetic Technologies Limited · Website: www.gtglabs.com · Email: info@gtglabs.com     ABN 17 009 212 328

Registered Office · 60-66 Hanover Street Fitzroy Victoria 3065 Australia · Postal Address P.O. Box 115 Fitzroy Victoria 3065 Australia

Phone +61 3 8412 7000 · Fax +61 3 8412 7040

 



 

Proxy results for Extraordinary General Meeting

 

Description of Resolution

 

For

 

Against

 

Abstain

 

In favour of
Chairman

 

In favour of
others

 

1. Ratification of issue of 41.7 million shares

 

 

 

 

 

 

 

 

 

 

 

Numbers of votes received

 

38,857,643

 

16,819,304

 

77,056

 

334,612

 

22,425

 

Percentage of votes cast

 

69.25

%

29.98

%

0.14

%

0.60

%

0.03

%

 

 

 

 

 

 

 

 

 

 

 

 

2. Approval of Convertible Note and Option

 

 

 

 

 

 

 

 

 

 

 

Numbers of votes received

 

34,270,262

 

21,406,685

 

77,056

 

334,612

 

22,425

 

Percentage of votes cast

 

61.08

%

38.15

%

0.14

%

0.60

%

0.03

%

 

 

 

 

 

 

 

 

 

 

 

 

3. Approval of shares to Underwriters

 

 

 

 

 

 

 

 

 

 

 

Numbers of votes received

 

34,245,882

 

21,431,065

 

77,056

 

334,612

 

22,425

 

Percentage of votes cast

 

61.04

%

38.19

%

0.14

%

0.60

%

0.03

%

 

Notes:    The Company currently has a total of 565,749,677 ordinary shares on issue and 2,888 registered shareholders.