Surface Transforms PLC Result of Annual General Meeting (5646A)

TIDMSCE

RNS Number : 5646A

Surface Transforms PLC

02 June 2021

2 June 2021

Surface Transforms plc

("Surface Transforms" or the "Company")

Result of Annual General Meeting

Surface Transforms (AIM: SCE) is pleased to announce that all resolutions proposed at its Annual General Meeting ("AGM") held at 9:30 a.m. earlier today were duly passed by shareholders.

A summary of the votes lodged by proxy at the AGM is set out below:

 
      Resolution                                Votes        Votes   Votes Withheld 
                                               For(1)      Against 
      To receive the audited accounts 
 1.    of the Company                      69,179,172       10,720              727 
     -----------------------------------  -----------  -----------  --------------- 
      To re-appoint Grant Thornton 
       UK LLP as auditors of the Company 
 2.    and to fix their remuneration       69,187,424        3,195              nil 
     -----------------------------------  -----------  -----------  --------------- 
      To re-elect Matthew Taylor as 
 3.    a Director                          69,188,316        2,303              nil 
     -----------------------------------  -----------  -----------  --------------- 
      To re-elect Julia Woodhouse 
 4.    as a Director                       68,962,333      228,286              nil 
     -----------------------------------  -----------  -----------  --------------- 
      To authorise the Directors to 
 5.    allot equity securities             50,523,104   18,667,515              nil 
     -----------------------------------  -----------  -----------  --------------- 
      To authorise the Directors to 
       allot equity securities other 
 6.    than on a pre-emptive basis         68,904,099      286,520              nil 
     -----------------------------------  -----------  -----------  --------------- 
 

The Company recognises that a significant proportion of the votes were cast against Resolution 5. The Board takes seriously its responsibilities to maintain a healthy dialogue with shareholders and has already engaged with several of them to better understand their concerns. We will continue to listen to their views.

(1) Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.

(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 28 May 2021was 195,108,319 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.surfacetransforms.com .

For enquiries, please contact:

Surface Transforms plc. [phone]

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

   Zeus Capital Limited (Nominated Adviser and Joint Broker)                         [phone] 

Dan Bate / David Foreman / Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

finnCap Ltd (Joint Broker) [phone]

Ed Frisby (Corporate finance)

Richard Chambers (ECM)

For further Company details, visit www.surfacetransforms.com

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END

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June 02, 2021 04:43 ET (08:43 GMT)