Hello, and welcome to all attending LivaNova's annual general meeting. I'm Bill Kozy, and it's my pleasure to be speaking on behalf of the Board of Directors of LivaNova as Chair of the Board. We are conducting this meeting virtually to facilitate and maximize the participation of our shareholders remotely, regardless of their location in the world. This virtual meeting is a live audio cast, and you may raise questions by typing your remarks in the designated box on your screen using the message icon. To ensure that the questions raised reach us in a timely manner, please submit any questions as soon as possible. We will address pertinent questions at the end of the meeting before the polls close. Please note that a copy of the agenda and the rules of conduct are located on the meeting screen.
I understand from the company secretary that the notice of annual general meeting has been sent to all shareholders and to all other people entitled to receive it, and that the quorum requirements have been met. It is now just after 3:00 P.M. in London, and I'm pleased to declare LivaNova's 2024 annual general meeting formally open. I will start by introducing the other members of the Board of Directors on the line.
We have Mr. Chris Barry, Dr. Sharon O'Kane, Mr. Dan Moore, Mr. Todd Schermerhorn, Ms. Brooke Story, Mr. Peter Wilver, and Mr. Vladimir Makatsaria, who also serves as Chief Executive Officer. It is my pleasure to also introduce the following company officers. We have our Chief Legal Officer and Company Secretary, Mr. Michael Hutchinson, our Chief Financial Officer, Mr. Alex Shvartsburg, and our Senior Vice President for Corporate Development and IT, Mr. Matt Dodds.
We're also joined today by representatives of PricewaterhouseCoopers LLP, LivaNova's independent registered public accounting firm in the United States, which we refer to as PwC US, and representatives from our UK statutory auditors, PricewaterhouseCoopers LLP, which we refer to as PwC UK. These representatives will be available for questions during the Q&A portion of the meeting. Computershare, our transfer agent and registrar, is acting as scrutineer for the voting today and is being represented by Mr. Mark Connell. I'll turn it over now to Mike Hutchinson to discuss the voting procedures.
Thank you, Bill. Notice of this meeting, together with LivaNova's proxy statement as supplemented, the company's most recent U.S. annual report on Form 10-K, and the company's U.K. annual report and accounts, which we refer to as our U.K. annual report, for the period ended December 31, 2023, were posted and, in some cases, mailed to shareholders of the company. Accordingly, requisite notice of the meeting has been given. Based on a preliminary report from the scrutineer of the approximately 54 million ordinary shares entitled to vote at the meeting, more than 48 million ordinary shares, representing approximately 89% of all voting rights of all the shareholders entitled to vote, voted as of the start of the meeting.
The final results of the vote, including the proxy votes on each of the resolutions, will be published on our website and notified through a Form 8-K filed with the U.S. Securities and Exchange Commission after today's meeting. I'll give the floor back to Bill Kozy, who will present the resolutions.
There are 12 resolutions, with Resolution Number 1 comprising separate resolutions for the election of each of the proposed directors. Resolution Number 7 is a special resolution, which means it requires approval by shareholders representing at least 75% of the votes cast to be passed. For Resolution Number 12, the Board will consider the option receiving the most shareholder votes when determining the frequency of future U.S. Say-on-Pay votes. All other resolutions are ordinary resolutions requiring approval by a simple majority of the votes cast to be passed. The full text for each resolution is set out in the notice of the meeting, and all are described in detail in the proxy materials. In accordance with the recommendation of the Board of Directors, I propose the following resolutions for approval.
Resolution 1 is to elect by separate resolutions each of the nine directors listed in the proxy statement for a term expiring at the AGM to be held in 2025. Resolution 2 is to approve on an advisory basis LivaNova's compensation of its named executive officers as set out in the proxy statement. This is known as U.S. Say-on-Pay. Resolution 3 is to ratify the appointment of PwC US as the company's independent registered public accounting firm for 2024. Resolution 4 is to approve Amendment Number 1 to the amended and restated LivaNova PLC 2022 Incentive Award Plan. Resolution 5 is to approve Amendment Number 2 to the LivaNova PLC 2015 Incentive Award Plan. Resolution 6 authorizes the directors to allot shares and other equity securities up to an amount representing approximately 20% of the company's existing share capital.
Resolution 7 grants the directors the power to disapply preemption rights for the allotment of equity securities up to an amount representing approximately 20% of the company's existing share capital. Resolution 8 is to approve on an advisory basis the U.K. directors' remuneration report in the form set out in the company's U.K. annual report. Resolution 9 is to receive and adopt the company's U.K. annual report. Resolution 10 is to reappoint PwC U.K. as the company's U.K. statutory auditor for 2024. Resolution 11 is to authorize the directors and/or the audit and compliance committee of the company to determine the remuneration of PwC U.K. Resolution 12 is to approve on an advisory basis the frequency of LivaNova's U.S. Say-on-Pay votes. This is known as U.S. Say-on-F requency.
For those who have not already voted, please select the Cast Your Vote icon and vote for the resolution against it, or you may abstain from voting. You may vote either now or once you've had an opportunity to consider the ensuing Q&A. As a reminder, voting will close at the end of the meeting. I would now like to open the floor to any questions. Please send your questions using the message icon. Mike, have we received any questions?
Bill, we have not received any questions, so back to you.
Well, thank you for your participation during this meeting. The formal business having been conducted, I'd like to take this moment to thank Mr. Dan Moore for his tenure and impact on the Board of Directors of LivaNova, including as Chair of the Board for approximately six years and for his service to the Nominating and Corporate Governance Committee. We're grateful for as many contributions to the company as LivaNova has evolved over the last several years, and we wish him the very best of luck going forward. Dan, once again, thank you. I now declare the meeting closed.
This concludes the meeting. You may now disconnect.