Accsys Technologies PLC AGM - Proxy Results (1648B)

TIDMAXS

RNS Number : 1648B

Accsys Technologies PLC

18 September 2018

AIM: AXS

Euronext Amsterdam: AXS

18 September 2018

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 2:30p.m. (UK time) on the 18 September 2018. All resolutions, as set out in the Notice of Annual General Meeting, dated 8 August 2018 were duly passed.

The final proxy voting position is shown below (inclusive of proxy votes cast 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 
              (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 2018, together 
        with the reports of the 
  1     Directors and auditors                53,100,349      -          1,383           100% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To approve the Directors' 
        Remuneration Report for 
        the financial year ended 
        31 March 2018 (excluding 
  2     the Remuneration Policy)              53,090,639    6,983        4,110          99.98% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To approve the Directors' 
        Remuneration Policy with 
        effect from the end of 
  3     the Annual General Meeting            52,090,499    7,123      1,004,110        99.98% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To re-elect Trudy Schoolenberg 
  4     as Director of the Company            53,094,749    6,983          -            99.98% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To re-elect Susan Jane 
        Mair (known as Sue Farr) 
  5     as a Director of the Company          53,100,349    1,383          -            99.99% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To re-elect Michael Sean 
        Christie as a Director 
  6     of the Company                        53,100,349    1,383          -            99.99% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To re-appoint PricewaterhouseCoopers 
        LLP as auditors of the 
  7     Company                               53,099,796      -          1,936           100% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To authorise the Directors 
        to determine the auditors' 
  8     remuneration                          53,100,349      -          1,383           100% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To authorise the Directors 
  9     to allot shares generally             53,096,913    2,266        2,553          99.99% 
      -------------------------------------  -----------  --------  --------------  ------------- 
               Special Resolutions 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To empower the Directors 
        to allot shares for cash 
        (other than pro rata to 
 10     existing shareholders)                53,083,856   17,876          -            99.95% 
      -------------------------------------  -----------  --------  --------------  ------------- 
       To authorise the Company 
        to make market purchases 
 11     of its own ordinary shares            53,083,939   16,993         800           99.96% 
      -------------------------------------  -----------  --------  --------------  ------------- 
 

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: 
                                    Jamie Lillywhite 
 
                                    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)     Yvonne Derkse                       [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 Tricoya(R) wood elements, 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 licensing associated with the acetylation of wood elements via its subsidiary Tricoya Technologies Limited. 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, under the symbols 'AXS'. Accsys' operations comprise four principal business units: (i) Accoya(R) wood production; (ii) building and operating of Tricoya(R) wood chip acetylation plant in Hull; (iii) 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 (iv) 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. Moreover, the Accoya(R) wood production process does not compromise the wood's strength or machinability. The combination of 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 highly sustainable and environmentally responsible building material. For a full archive of Accoya(R) news, visit www.accoya.com/news.

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 naturally occurring '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 subsidiary of TWL with exclusive rights to exploit the Tricoya(R) brand.

(1) Discounting Votes Withheld

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September 18, 2018 11:00 ET (15:00 GMT)