Welcome to the Arqit Quantum Inc. Extraordinary General Meeting. I would now like to turn the call over to Nick Pointon.
Good afternoon. My name is Nick Pointon, and I am the CFO of Arqit. On behalf of the board, I want to welcome you to Arqit's Extraordinary General Meeting 2024. It is just after 2:00 P.M. here in London, and I hereby call the meeting to order. I will act as our Chair of this meeting, and Patrick Wilcocks, our General Counsel, will act as Secretary and record the minutes. He will also act as the Inspector of Election for the meeting. I will now report on the presence of a quorum. The list of shareholders shows that 12,495,143 ordinary shares were issued and outstanding and entitled to vote on 29 October 2024, which was the record date for the determination of shareholders entitled to receive notice of and to vote at this meeting.
There are present in person and by proxy the holders of 58.6% of the total ordinary shares issued and outstanding, and accordingly, a quorum is present. Let us now consider the agenda for today. There is a single proposal for shareholder consideration, the increase in and amendment to the authorized share capital of the company. If any shareholder is present who has not sent in a proxy and now wishes to turn it in rather than vote in person, please raise your hand at this time so that it can be collected for the Inspector of Election. For anyone who wishes to vote in person, please raise your hand at this time, and we'll provide you with a ballot. Now we'll proceed with a review of the proposal. The sole proposal for consideration is the increase in and amendment to the authorized share capital of the company.
I will pause for a minute to permit questions relating to the proposal. Subject to the final tabulation of the voting, which should not materially change the result, I can report that the shareholders have voted as follows. At least 99.45% of the total shares present or represented by proxy and entitled to vote were voted to increase and amend the authorized share capital of the company. I declare that the proposal has been passed, and it is hereby resolved that the authorized share capital of the company has been increased and amended in accordance with the notice of EGM. With the voting now completed, this concludes the formal business for which the meeting was called. Thank you for attending.
The meeting has now concluded. Thank you for joining. You may now disconnect.