Accsys Technologies PLC Results of Annual General Meeting 2023 (1206N)

TIDMAXS

RNS Number : 1206N

Accsys Technologies PLC

20 September 2023

AIM: AXS

Euronext Amsterdam: AXS

20 September 2023

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

Results of Annual General Meeting

The Board of Accsys announces that its Annual General Meeting was held at 12.00pm (BST) on 20 September 2023.

All resolutions, as set out in the Notice of Annual General Meeting, dated 23 August 2022 were duly passed, with the exception of Resolution 3: 'To reappoint Stephen Odell as a Director of the Company', which was withdrawn as a resolution prior to the meeting, as detailed in the Company's announcement of 12 September 2023.

The final voting position is shown below (inclusive of proxy votes cast prior to and at the Meeting). 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 Cast 
       (Please refer to the                                                              For ([1]) 
       Notice of Meeting for 
       full text) 
 Ordinary resolutions 
      To receive and adopt 
       the audited financial 
       statements for the financial 
       year ended 31 March 
       2023, together with 
       the reports of the Directors 
 1     and auditors                         108,921,596     34,160         30,769         99.96% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To approve the Directors' 
       Remuneration Report 
       for the financial year 
       ended 31 March 2023 
       (excluding the Remuneration 
 2     Policy)                              107,503,125    1,389,403       93,997         98.72% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
 3    To reappoint Stephen                      n/a           n/a            n/a           n/a 
       Odell as a Director 
       of the Company 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To reappoint Trudy Schoolenberg 
       as a Director of the 
 4     Company                              107,529,724    1,368,664       88,137         98.74% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To reappoint Louis Eperjesi 
       as a Director of the 
 5     Company                              107,505,063    1,382,325       99,137         98.73% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To appoint Roland Waibel 
       as a Director of the 
 6     Company                              107,508,463    1,381,925       96,237         98.73% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To appoint Jelena Arsic 
       van Os as a Director 
 7     of the Company                       105,577,053    1,371,335       38,137         98.74% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To appoint Steven Salo 
       as a Director of the 
 8     Company                              108,879,733     57,655         49,137         99.94% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To reappoint PricewaterhouseCoopers 
       LLP as auditor of the 
 9     Company                              108,881,341     76,256         28,928         99.93% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To authorise the Directors 
       to determine the auditor's 
 10    remuneration                         108,860,342     98,382         27,801         99.91% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To authorise the Directors 
 11    to allot shares generally            107,498,203    1,458,439       29,883         98.66% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To approve the Accsys 
       2023 Long Term Incentive 
 12    Plan                                 107,557,356    1,387,768       41,401         98.72% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
 Special resolutions 
      To empower the Directors 
       to allot shares for 
       cash (other than pro 
 13    rata to existing shareholders)       107,486,561   1,463,681        36,283         98.65% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To authorise the Company 
       to make market purchases 
       of its own ordinary 
 14    shares                               107,557,978    1,402,264       26,283         98.71% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
      To authorise a general 
       meeting of the Company 
       (other than an annual 
       general meeting) to 
       be called on not less 
       than 14 clear days' 
 15    notice                               107,580,768    1,379,874       25,883         98.73% 
     ------------------------------------  ------------  ------------  --------------  ----------- 
 
 

Ends

For further information, please contact:

 
 Accsys Technologies PLC 
  Katharine Rycroft, Head of Investor 
  Relations                                [phone] 
========================================  ====================== 
 Numis Securities (London) 
  Oliver Hardy (NOMAD), Ben Stoop           [phone] 
========================================  ====================== 
 Investec Bank plc (London) 
  Carlton Nelson, Alex Wright              [phone] 
========================================  ====================== 
 ABN Amro (Amsterdam) 
  Richard van Etten, Dennis van Helmond    [phone] 
========================================  ====================== 
 FTI Consulting (UK) 
  Matthew O'Keeffe, Alex Le May             [phone] 
========================================  ====================== 
 Huijskens Sassen Communications (The 
  Netherlands) 
  Clemens Sassen                            [phone] 
========================================  ====================== 
 

Notes to editors:

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make Accoya(R) wood and Tricoya(R) wood elements: high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably. Accsys transforms fast-growing, certified sustainable wood into building materials with an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'. Visit www.accsysplc.com

Accoya(R) solid wood is sustainable, durable, and stable with exceptional performance, finish and sustainability. Accsys' proprietary acetylation process makes the wood more dimensionally stable and because it is no longer easily digestible, extremely durable. It is one of very few building materials to be Cradle to Cradle Certified(TM) at the Gold level, with a Platinum rating for Material Health, confirming that no harmful or toxic additives or chemicals are present to leach out into the environment. Primary applications for Accoya(R) wood include windows, doors, cladding and decking, where the combination of performance and sustainability benefits compete favorably against hardwoods, plastics, metals and concrete. Visit www.accoya.com

Tricoya(R) acetylated wood elements are produced for use in the fabrication of panel products such as medium density fibreboard (MDF). Panel products made with Tricoya(R) wood elements are truly durable and stable enough for use outdoors and in wet environments, unlocking new possibilities for design and construction. They have been lauded as the first major innovation in the wood composites industry in more than 30 years and bring the flexibility of traditional panel products and sustainability benefits of wood to a whole new range of applications. Visit www.tricoya.com

Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. 'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya(R) , Tricoya(R) and the Trimarque Device are registered trademarks owned by TWL, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya(R) registered brand trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya(R) brand.

[1] Discounting Votes Withheld

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September 20, 2023 12:12 ET (16:12 GMT)