Business
General Meeting Request
Physiomics plc announced on March 16, 2026, that it received a request from shareholder Michael Whitlow, who holds approximately 13.68% of the company's shares, to convene a general meeting. The request proposes resolutions to appoint Nicholas Tulloch, Michael Whitlow, Ian Bagnall, and Martin Gouldstone as directors and to remove the current directors, Dr. Jim Millen, Shalabh Kumar, Dr. Tim Corn, and Dr. Peter Sargent. The Board is seeking legal advice on the request's compliance and stated that a wholesale replacement of the Board would be detrimental to the company and its shareholders. A further announcement will be made after validation of the request, which must be acted upon within 21 days. Disclaimer*
About this update from Physiomics Plc
[{"type":"text","content":"\n\n\n16 March 2026\n \nPhysiomics plc\n \n(\"Physiomics\" or the \"Company\")\n \nGeneral Meeting Request\n \nThe directors of Physiomics plc (AIM: PYC) announce that at 2114h on 13 March 2026 they received a request submitted pursuant to section 303 of the Companies Act 2006 (the \"Act\") requiring the Board to convene a general meeting of the Company's shareholders (the \"GM Request\"). The GM Request was accompanied by a shareholder statement submitted pursuant to section 314 of the Act.\n \nThe GM Request has been submitted by Michael Whitlow, who the Board understands holds approximately 13.68% of the Company's issued ordinary share capital. The resolutions proposed in the GM Request comprise four separate resolutions which, if all passed, would have the immediate effect of appointing Nicholas Tulloch, Michael Whitlow, Ian Bagnall, and Martin Gouldstone as directors of the Company (the \"Appointment Resolutions\"). In addition, four further resolutions propose the removal of Dr Jim Millen, Shalabh Kumar, Dr Tim Corn, and Dr Peter Sargent as directors, each of which is conditional on at least two of the aforementioned Appointment Resolutions being passed. If all Appointment Resolutions are passed, and subsequently all of the removal resolutions are passed, this would result in the full replacement of the entire existing Board.\n \nThe Board is currently taking legal advice to confirm that the Request complies with the formal requirements of section 303 of the Act.\n \nSubject to validation of the GM Request, and in accordance with section 304 of the Act, the Board will be required to give notice of a general meeting within 21 days of receipt of the Request (i.e., by no later than 3 April 2026). It is noted that the requisitioned general meeting notice, if valid, must be held on a date not more than 28 days after the date of the notice convening it, and in such circumstances the Company would circulate Mr Whitlow's section 314 statement together with the notice of the general meeting requested, as required by the Act. \n \nIt is noted that the directors had been approached by Mr Whitlow and were in dialogue with him at the time the GM Request was received. The directors are considering the GM Request carefully, however are united in their view that the wholesale replacement o...