Accsys Technologies PLC AGM Proxy Results (4894K)

TIDMAXS

RNS Number : 4894K

Accsys Technologies PLC

21 September 2016

AIM: AXS

NYSE Euronext Amsterdam: AXS

21 September 2016

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Result of Annual General Meeting

The Board of Accsys Technologies PLC announces that its Annual General Meeting was held at 2.30 p.m. (UK time) on the 21 September 2016. All resolutions, as set out in the Notice of Annual General Meeting, dated 8 August 2016 were duly passed.

The final proxy voting position is shown below. Any proxy votes which are at the discretion of the Chairman have been included in the "For" total.

 
 
 No.               Resolutions                   For        Against    Vote Withheld      % Vote 
              (Please refer to Notice                                                   Cast For[1] 
             of Meeting for full text) 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
               Ordinary Resolutions 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To receive and adopt the 
        audited financial statements 
        for the financial year 
        ended 31 March 2016, together 
        with the reports of the 
  1     Directors and auditors                28,390,882       1,000               -         99.99% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To approve the Directors' 
        Remuneration Report for 
        the financial year ended 
        31 March 2016 (excluding 
  2     the Remuneration Policy)              25,325,939   3,065,943               -         89.20% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To re-elect Patrick Shanley 
  3     as a Director of the Company          28,390,882       1,000               -         99.99% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To re-elect Paul Clegg 
  4     as a Director of the Company          28,382,291       9,591               -         99.97% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To re-appoint PricewaterhouseCoopers 
        LLP as auditors of the 
  5     Company                               28,386,882       5,000               -         99.98% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To authorise the Directors 
        to determine the auditors' 
  6     remuneration                          28,382,291       9,591               -         99.97% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To authorise the Directors 
  7     to allot shares generally             28,390,162       1,000             720         99.99% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
               Special Resolutions 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To empower the Directors 
        to allot shares for cash 
        (other than pro rata to 
  8     existing shareholders)                27,156,896      11,010       1,223,976         99.96% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
       To authorise the Company 
        to make market purchases 
  9     of its own ordinary shares            28,379,572      11,010           1,300         99.96% 
----  -------------------------------------  -----------  ----------  --------------  ------------- 
 

[1] Discounting Votes Withheld

Ends

For further information, please contact:

 
 Accsys Technologies               Paul Clegg, CEO                      via MHP Communications 
  PLC                               Will Rudge, FD 
                                    Hans Pauli, Executive Director, 
                                    Corporate 
                                    Development 
                                   Nominated Adviser: Oliver 
                                    Cardigan 
                                    Corporate Broking: Christopher 
                                    Wilkinson                          [phone] 
 Numis Securities                   Ben Stoop                           1000 
                                   Tim Rowntree                        [phone] 
 MHP Communications                 Kelsey Traynor                      8100 
 
                                     Frank Neervoort                     [phone] 
 Off the Grid (The Netherlands)      Giedo Van Der Zwan                  [phone] 
 

Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya(R) wood and technology licensing via its subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in London, United Kingdom, an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc) and technology licencing associated with the acetylation of wood elements via its subsidiary Tricoya Technologies Limited. All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies. Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. Accsys Technologies PLC is listed on the London Stock Exchange AIM market and on Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) Accoya(R) wood production; (ii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood and the development of technology for the acetylation of wood elements; and (iii) the licensing of technology for the production of Accoya(R) wood and Tricoya(R) wood elements across the globe.

Accoya(R) wood (www.accoya.com) is produced using Accsys' proprietary patented acetylation technology, that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood". Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya(R) wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya(R) wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya(R) wood offers a wealth of new opportunities to architects, designers and specifiers. These benefits result in lower maintenance and total cost of ownership while using a higher sustainable and environmental responsible building material. For a full archive of Accoya(R) news, visit www.accoya.com/news.asp.

Tricoya(R) Wood Elements (www.tricoya.com) are produced using Accsys' proprietary technology for the acetylation of wood chips, and particles for use in the fabrication of panel products such as medium density fibreboard and particle-board. These products demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications that were once limited to solid wood or man-made products. Exploitation of Accsys' proprietary technology relating to Tricoya(R) Wood Elements is carried out through Tricoya Technologies Limited. Tricoya(R) Wood Elements are lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. When carried out to a sufficient level throughout the wood, this process protects wood from rot by making it "inedible" to most micro-organisms and fungi, without - unlike conventional treatments - making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that, when painted, it requires dramatically reduced maintenance.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA(R) , TRICOYA(R) and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya(R) registered trademark, from Tricoya Technologies Limited, a wholly owned subsidiary of TWL with exclusive rights to exploit the Tricoya(R) brand.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 21, 2016 11:55 ET (15:55 GMT)