AGM Report

Abcam Plc (ABC) AGM 2017

AGM Date: November 14, 2017

Report Author: Alex Lawson

Yesterday I attended the Annual General Meeting of Abcam Plc at their office in Cambridge. 15 ordinary shareholders were present at the AGM along with the board (minus non-exec Mara Aspenall who was in the USA) and usual hangers on. Some financial highlights from the results are as follows: Total revenue increased by 26% (10% on a constant exchange rate basis), EBITDA margin was 32.5% compared to 33.6% in 2016, profit before tax £51.9m compared with £45.4m and a full year dividend increase of 14% taking the dividend to 10.18p. We started with the Chairman Murray Hennessy introducing the board and non-execs, with Murray advising us that this would be his last AGM as chairman before Murray would step down from ...

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