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LEGN Positive Sentiment Score: 75/100

Voting Results of 2023 Annual General Meeting At Legend Biotech Corporation s (the Company ) annual general meeting of shareholders held on

Key Takeaway: Legend Biotech Corporation held its 2023 Annual General Meeting on September 21, 2023, where shareholders voted on several key resolutions. A significant portion, approximately 99.34%, of the ordinary shares were represented at the meeting. The shareholders overwhelmingly supported the audited financial statements and the appointment of Ernst & Young LLP as independent auditor for the fiscal year. Additionally, directors were elected with substantial majority vote margins, reflecting strong shareholder confidence in the company's leadership.

Market Sentiment Analysis

POSITIVE FACTORS

  • Strong approval ratings for resolutions with over 99% votes in favor.
  • High shareholder participation at 99.34% of outstanding shares.
  • Successful election of directors indicates confidence in leadership.

Full Press Release Details

Voting Results of 2023 Annual General Meeting
At Legend Biotech Corporation s (the Company ) annual general meeting of shareholders held on September 21, 2023 (the AGM ),
the Company s shareholders:
A total of approximately
362,167,226 ordinary shares, including those underlying ADSs, representing approximately 99.34% of the ordinary shares issued and outstanding as of August 18, 2023, the record date, were present in person or by proxy at the AGM. The results of
the votes are as follows:
For Against Abstain
Resolutions Votes % Votes % Votes %
Reception of Audited Financial Statements 362,063,064 99.310 % 732 * % 103,430 0.028 %
Ratification of appointment of Ernst & Young LLP as Independent Auditor for Fiscal Year 2023 361,846,756 99.251 % 283,018 0.078 % 37,452 0.010 %
Election of Directors
Dr. Li Zhu (Class III) 360,542,838 98.894 % 1,593,518 0.437 % 30,870 0.008 %
Dr. Corazon D. Sanders (Class III) 352,917,796 96.802 % 9,218,874 2.529 % 30,556 0.008 %
Dr. Li Mao (Class III) 359,725,136 98.669 % 2,410,190 0.661 % 31,900 0.009 %
Authorization of Directors and Officers 362,126,314 99.328 % 11,696 0.003 % 29,216 0.008 %
Dr. Fangliang Zhang, Chairman of the Board of Directors, as the person designated by the Company, was granted a discretionary proxy by JPMorgan Chase
Bank, N.A., the depositary of the ADSs, pursuant to the Deposit Agreement governing the ADSs and the Voting Instruction Card mailed by the depositary to the holders of the ADSs, to vote 11,912,282 ordinary shares underlying ADSs for which no voting
instructions were given by the holders, and he exercised the discretionary proxy to vote in favor of each of the proposals submitted for shareholder approval at the AGM.

Frequently Asked Questions

What was the date of Legend Biotech's 2023 AGM?

The 2023 AGM took place on September 21, 2023.

How many shares were present at the AGM?

Approximately 362,167,226 ordinary shares were present at the AGM.

Who was appointed as the independent auditor for 2023?

Ernst & Young LLP was ratified as the independent auditor for fiscal year 2023.

What percentage voted for the financial statements?

99.310% of votes were in favor of the audited financial statements.

Who exercised the discretionary proxy at the AGM?

Dr. Fangliang Zhang exercised the discretionary proxy at the AGM.

Last updated: Sep 21, 2023