Graft Polymer (UK) PLC GM Statement (9964Y)

TIDMGPL

RNS Number : 9964Y

Graft Polymer (UK) PLC

08 January 2024

08 January 2024

Graft Polymer (UK) PLC

("Graft Polymer" or the "Company")

Result of GM

Graft Polymer, (LSE:GPL) the specialty chemicals company offering modified polymer solutions for refiners, compounders and processors, announces that at the Company's General Meeting (the "GM"), held earlier today all resolutions were duly passed.

ENDS

For further information, visit www.graftpolymer.com , follow on Twitter @PolymerLtd or contact:

Graft Polymer (UK) Plc

   Roby Zomer, Non-Executive Chairman                                        [e-mail] 

Yifat Steuer, CFO and Executive Director

About Graft Polymer

Graft Polymer is a London Stock Exchange listed company (GPL.L) with a cutting-edge, research and development (R&D) and manufacturing facility based in Slovenia which has already introduced more than 50 products to the market. The core business of the Group comprises polymer modification and drug delivery system developments. The Group has developed a proprietary set of polymer modification technologies which uses recycled raw materials and a closed loop system to reduce waste. Graft Polymer's technology can improve existing products and processing methodologies by enhancing performance, simplifying manufacturing, reducing material consumption, widening the choice of feedstocks, and reducing costs.

Graft Polymer has three divisions: polymer modification; IP for Bio/Pharma applications including a drug delivery system (Graft Bio) and the Group's food supplement division. A significant milestone was reached in May 2022 when the Slovenian manufacturing facility was granted a Hazard Analysis and Critical Control Point (HACCP) Certificate. The HACCP Certificate allows it to enter the lucrative Business-to-Consumer market and commercialise its IP for bio/pharma applications, developing active pharmaceutical ingredients and drug delivery platforms for use in the food supplement market, thereby introducing a further revenue stream to its business.

Environment, Social and Governance is at the forefront of the Group's strategy and the facility in Slovenia has been granted ISO 14001 accreditation in recognition of the environmental management systems in place to reduce waste. Graft Polymer only uses REACH and ROHS certificated raw materials instead of toxic raw materials, and its extensive R&D programme has also developed specialised recycling polymer additives which increases the strength of recycled blends and plastic products whilst also reducing plastic waste by between 40 and 50 per cent.

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January 08, 2024 12:00 ET (17:00 GMT)