Accrol Group Holdings PLC Result of AGM (9260M)

TIDMACRL

RNS Number : 9260M

Accrol Group Holdings PLC

24 September 2021

24 September 2021

Accrol Group Holdings plc

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

AIM: ACRL

Result of 2021 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                Withheld 
                                   No. of votes   %       No. of votes   %       No. of 
                                                                                  votes 
                                  -------------  ------  -------------  ------  ----------- 
 1. To receive the Annual 
  Report and Accounts               173,045,052   99.97         55,500    0.03            0 
                                  -------------  ------  -------------  ------  ----------- 
 2. To appoint BDO as Auditor       172,869,183   99.97         60,369    0.03      171,000 
                                  -------------  ------  -------------  ------  ----------- 
 3. To elect Richard Newman 
  as a Director                     172,867,430   99.87        231,622    0.13        1,500 
                                  -------------  ------  -------------  ------  ----------- 
 4. To re-elect Gareth 
  Jenkins as a Director             173,039,757   99.97         59,295    0.03        1,500 
                                  -------------  ------  -------------  ------  ----------- 
 5. To re-elect Daniel 
  Wright as a Director              146,840,485   93.80      9,701,366    6.20   16,558,701 
                                  -------------  ------  -------------  ------  ----------- 
 6. To re-elect Euan Hamilton 
  as a Director                     168,339,194   97.25      4,759,858    2.75        1,500 
                                  -------------  ------  -------------  ------  ----------- 
 7. To approve the Directors' 
  Remuneration Report               146,655,287   84.73     26,439,847   15.27        5,418 
                                  -------------  ------  -------------  ------  ----------- 
 8. To approve the Dividend*        173,100,552     100              0       0            0 
                                  -------------  ------  -------------  ------  ----------- 
 9. To authorise the Directors 
  to allot relevant securities*     168,252,440   99.86        235,604    0.14    4,612,508 
                                  -------------  ------  -------------  ------  ----------- 
 10. To authorise the Directors 
  to allot equity securities 
  for cash without making 
  a pre-emptive offer to 
  shareholders*                     172,854,258   99.86        246,294    0.14            0 
                                  -------------  ------  -------------  ------  ----------- 
 

*Special resolution

Notes:

 
 1.   Proxy appointments which gave discretion to the Chairman 
       of the AGM have been included in 
       "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 24 September 2021 was 318,878,097 
       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.co.uk . 
 
 
For further information, please contact: 
 
Accrol Group Holdings plc 
Dan Wright, Executive Chairman            Via Belvedere Communications 
Gareth Jenkins, Chief Executive Officer 
Richard Newman, Chief Financial Officer 
 
Zeus Capital Limited (Nominated Adviser 
 & Broker) 
Dan Bate / Jordan Warburton                  Tel: [phone] 
Dominic King                                 Tel: [phone] 
 
Liberum Capital Limited (Joint Broker)       Tel: [phone] 
Clayton Bush / Edward Thomas 
 
Belvedere Communications Limited 
Cat Valentine                                Tel: [phone] 
Keeley Clarke                                Tel: [phone] 
                                              [e-mail] 
 

Overview of Accrol

Accrol Group Holdings plc is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues, and wet wipes to many of the UK's leading discounters and grocery retailers across the UK. Following the recent acquisitions of LTC in Leicester and JD in Flint, North Wales, the Group now operates from six manufacturing sites, including four in Lancashire, which generate revenues totalling c.16% of the GBP2.1bn UK retail tissue market.

For more information, please visit www.accrol.co.uk

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September 24, 2021 06:59 ET (10:59 GMT)