MindGym plc (LSE:MIND) has removed the resolution covering the re-election of co-founder Octavius Black as a director from the agenda for its 2026 Annual General Meeting after his resignation from the board earlier this month.
The withdrawal formally reflects the change in the company’s leadership while having no impact on the remaining business scheduled for the AGM. MindGym confirmed that all other resolutions, proxy documentation and votes previously submitted by shareholders remain valid.
Remaining AGM resolutions unaffected
Any votes already submitted in relation to the withdrawn resolution will no longer count. However, MindGym said the numbering and validity of every other resolution on the AGM agenda will remain unchanged.
The decision is intended to provide shareholders with procedural clarity following Black’s departure while allowing the meeting to proceed without further changes. MindGym is currently navigating the leadership transition under interim chair David Nelson and chief executive Christoffer Ellehuus.
Financial and technical pressures remain
MindGym’s broader outlook continues to face challenges from its financial performance. The company has experienced a multi-year decline in revenue alongside continuing losses and negative equity in 2026, limiting the strength of its fundamental position.
Technical indicators also remain under pressure, with the shares displaying a sustained downward trend and a negative MACD signal. Valuation metrics provide limited support because MindGym remains loss-making, resulting in a negative price-to-earnings ratio, while the shares currently offer no dividend yield.
More about MindGym
MindGym plc is a London-based provider of business improvement services that use behavioural science to support organisational performance. Its services cover areas including business transformation, human capital management, and learning and development for clients around the world.
The company is listed on the London Stock Exchange’s Alternative Investment Market under the ticker MIND and operates from offices in London, New York and Singapore.
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