Accrol Group Holdings PLC Result of AGM (7213Q)

TIDMACRL

RNS Number : 7213Q

Accrol Group Holdings PLC

22 October 2019

22 October 2019

Accrol Group Holdings plc

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

AIM: ACRL

Result of 2019 Annual General Meeting

Accrol, the leading independent tissue converter in the UK, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.

Details of the proxy votes received by the Company are as follows:

 
 Resolution            For                   Against              Total                  Withheld 
                       No. of        %       No. of       %       No. of        %        No. of 
                        votes                 votes                votes                  votes 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 1. To receive 
  the Annual 
  Report and 
  Accounts             122,707,536   99.97       28,611    0.02   122,736,147   100.00            0 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 2. To elect 
  Simon Allport        118,764,933   96.82    3,889,105    3.17   122,654,038   100.00       82,109 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 3. To appoint 
  BDO as auditor       122,219,373   99.64      428,680    0.35   122,648,053   100.00       88,094 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 4. To approve 
  the directors' 
  remuneration 
  report                73,488,398   69.77   31,823,226   30.22   105,311,624   100.00   17,424,523 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 5. To authorise 
  the Directors 
  to allot relevant 
  securities           118,751,224   99.90      116,058     0.1   118,867,282   100.00    3,860,494 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 6. To authorise 
  the directors 
  to allot equity 
  securities 
  for cash without 
  making a pre- 
  emptive offer 
  to shareholders*     122,605,671   99.91      116,058    0.09   122,721,729   100.00        6,047 
                      ------------  ------  -----------  ------  ------------  -------  ----------- 
 

*Special resolution

Notes:

 
 1.   Proxy appointments which gave discretion to the Chairman of 
       the AGM have been included in the "For" total for the appropriate 
       resolution. 
 2.   Votes "For" and "Against" any resolution are expressed as a 
       percentage of votes validly cast for that resolution. 
 3.   A "Vote withheld" is not a vote in law and is not counted in 
       the calculation of the percentage of shares voted "For" or 
       "Against". 
 4.   The number of shares in issue on 22 October 2019 was 195,246,536 
       with no shares in treasury. 
 5.   The full text of the resolutions passed at the AGM can be found 
       in the Notice of Annual General Meeting which is available 
       on the Company's website at www.accrol.com. 
 

In compliance with the QCA Code, the Board notes the percentage of votes cast against Resolution 4 to approve the directors' remuneration report. Shareholders with significant holdings in the Company were consulted ahead of the vote and the Board remains open to further discussions.

Enquiries:

 
For further information, please contact: 
 
Accrol Group Holdings plc 
Dan Wright, Executive Chairman              Tel: [phone] 
Gareth Jenkins, Chief Executive Officer 
 
Zeus Capital Limited (Nominated Adviser 
 & Broker) 
Dan Bate / Andrew Jones                     Tel: [phone] 
Dominic King / John Goold                   Tel: [phone] 
 
Belvedere Communications Limited 
Cat Valentine ([e-mail])  Tel: [phone] 
Keeley Clarke ([e-mail])     Tel: [phone] 
Llew Angus ([e-mail])          Tel: [phone] 
 

Notes to Editors

New Group website: www.accrol.com

Accrol Group Holdings plc is a leading tissue converter and supplier of toilet rolls, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK.

Our vision is to deliver the best possible value to the UK consumer on essential everyday tissue products. We are shaking up the traditional tissue brands by delivering the quality the consumer demands for the price they want to pay.

The business operates from four sites in Lancashire:

   --              A manufacturing, storage and distribution facility in Blackburn; 
   --              A storage and administrative centre in Blackburn; 
   --              A facial tissue plant, also in Blackburn; and 
   --              A manufacturing, storage and distribution facility in Leyland. 

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October 22, 2019 06:30 ET (10:30 GMT)