CalciTech Ltd. (OTCBB: CLKTF) announces that its Annual General Meeting for the year ended December 31, 2010 was held in Bermuda on 22 nd May. Notice of the meeting together the proxy was mailed to shareholders at the record date of April 20, 2012 on or about May 7. In excess of 52% of the shareholders of the Company voted at the meeting and overwhelmingly approved all the resolutions put forward. All directors standing for re-election were approved including John O’Kelly-Lynch who was recently appointed as a non-executive director. John, a Fellow of the Institute of Chartered Accountants in Ireland, joined a private shipping and venture capital group in 1984 as CFO. During the 80s and 90s he was actively involved in many US based venture capital projects and over the years has served in senior finance related roles for various international shipping and oil companies before forming Delphi Management Ltd. in Bermuda in 1997. John sits on the board of the funds that are managed by Delphi and also holds directorships' in various investment holding, and publicly listed companies in Bermuda. He is former Chairman of the Bermuda Shipping Association and a Board Member of the Association of Bermuda International Companies. In connection with his appointment Mr. O’Kelly-Lynch was granted a stock option to purchase 250,000 ordinary shares at an exercise price of USD 0.095 per share. Roger Leopard, CEO of CalciTech commented, “I am delighted that John’s appointment has been confirmed, as I believe his experience in the international business world, his residency in Bermuda and considerable experience in the US, will be of great benefit to the Company”. Please note that shares of the Company continue to trade on the Pink Sheets ( www.otcmarkets.com) under the symbol of CLKTF whilst we are seeking to relist on the OTCQB segment of the OTC Bulletin Board. About CalciTech Ltd:
CalciTech Ltd has developed and patented unique technology for the production of Synthetic Calcium Carbonate, “SCC” a specialty material that may be widely used in industrialised parts of the world and is developing operating licensees in these territories, the first being in Europe. With its technological capabilities, CalciTech will continue to develop the product potential into other areas.About CalciTech Synthetic Minerals Europe Ltd: The Company, recently established in England, has been granted an exclusive license for Europe to execute on the business plan to develop the use of SCC specialty products within the high end valued segments of paper, paint, polymer and related areas, food and pharma applications. These producers and their customers also want to improve the sustainability of their processes by using raw materials that have been recycled, absorb CO 2 and have a lower carbon footprint. The first two plants have been designed and sites identified in Germany. CSME, independently managed, is seeking funding through the London market for investment in Europe. The directors of the Company take responsibility for this announcement. Forward Looking Comments: The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by management. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission (www.edgar.sec.gov) or on the Company’s website.