other_material
confidence high
sentiment negative
materiality 0.80
Iterum shareholders reject say-on-pay, share increase, and equity plan at AGM
Iterum Therapeutics plc
- David Kelly elected Class I director with 10.8M for, 2.8M against, 0.7M abstain, 8.2M broker non-votes.
- Say-on-pay failed: 5.4M for (38.5%), 8.4M against, 0.5M abstain.
- Share capital increase to $2.6M (add 80M shares) rejected: 6.5M for, 15.8M against.
- Equity incentive plan amendment to add 4M shares rejected: 2.5M for, 11.3M against.
- Allotment authority and pre-emption opt-out also failed by wide margins.
item 5.07