LONDON - MicroSalt plc (AIM: SALT), known for its patented low-sodium salt product, announced today that its shareholders have approved all resolutions presented at the General Meeting. The company, which produces a full-flavour, natural salt with about 50% less sodium, stated that the resolutions included the adoption of a new long-term incentive plan (LTIP) and the authority for Directors to implement further schemes for international employees, tailored to local regulations.
The votes cast for the LTIP resolution were overwhelmingly positive, with 34,118,028 votes in favor (99.92%) and only 26,553 votes (0.08%) against. Similarly, the second resolution to grant Directors further authority received 33,767,964 votes for (98.90%) and 376,617 votes against (1.10%). Both resolutions included a small number of withheld votes, which are not considered in the legal vote count.
MicroSalt’s approach to reducing sodium in food aligns with global health objectives, such as the World Health Organization’s goal to cut worldwide sodium intake by 30% by 2025. The company’s innovation is particularly relevant given the high costs associated with cardiovascular diseases, which are exacerbated by excessive sodium consumption.
The company’s patented technology produces micron-sized salt particles that deliver the same taste as traditional salt but with significantly reduced sodium content. This technology is seen as a potential disruptor in the food industry, with the reduced-sodium salt market expected to expand rapidly. MicroSalt is also positioned to potentially enter the broader salt market.
MicroSalt’s shares are traded on the AIM market of the London Stock Exchange (LON:LSEG), and the company has been operational since 2018. Today’s resolutions are part of the company’s strategy to incentivize and retain employees while expanding its market presence internationally.
This news article is based on a press release statement from MicroSalt plc.
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