Accsys Technologies PLC AGM Proxy Results (4916R)
September 21 2017 - 12:09PM
UK Regulatory
TIDMAXS
RNS Number : 4916R
Accsys Technologies PLC
21 September 2017
AIM: AXS
Euronext Amsterdam: AXS
21 September 2017
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 2.30 p.m. (UK time) on the 21 September
2017. All resolutions, as set out in the Notice of Annual General
Meeting, dated 17 August 2017 were duly passed.
The final proxy voting position is shown below. 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 2017, together
with the reports of the
1 Directors and auditors 44,463,189 0 0 100.00
---- ------------------------------------- ----------- ---------- -------------- -------------
To approve the Directors'
Remuneration Report for
the financial year ended
31 March 2017 (excluding
2 the Remuneration Policy) 40,872,175 3,588,163 2,851 91.93
---- ------------------------------------- ----------- ---------- -------------- -------------
To re-elect Montague John
Meyer as a Director of
3 the Company 44,463,189 0 0 100.00
---- ------------------------------------- ----------- ---------- -------------- -------------
To re-elect Hans Pauli
4 as a Director of the Company 44,463,189 0 0 100.00
---- ------------------------------------- ----------- ---------- -------------- -------------
To re-appoint PricewaterhouseCoopers
LLP as auditors of the
5 Company 44,452,093 11,096 0 99.98
---- ------------------------------------- ----------- ---------- -------------- -------------
To authorise the Directors
to determine the auditors'
6 remuneration 41,193,058 3,270,131 0 92.65
---- ------------------------------------- ----------- ---------- -------------- -------------
To authorise the Directors
7 to allot shares generally 44,462,446 743 0 99.99
---- ------------------------------------- ----------- ---------- -------------- -------------
Special Resolutions
---- ------------------------------------- ----------- ---------- -------------- -------------
To empower the Directors
to allot shares for cash
(other than pro rata to
8 existing shareholders) 44,142,390 320,799 0 99.28
---- ------------------------------------- ----------- ---------- -------------- -------------
To authorise the Company
to make market purchases
9 of its own ordinary shares 44,454,379 8,810 0 99.98
---- ------------------------------------- ----------- ---------- -------------- -------------
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: Oliver Cardigan
Jamie Lillywhite
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Ben Stoop 1000
Tim Rowntree +44 (0) 20 3128
MHP Communications Kelsey Traynor 8100
+31 681 734
236
Off the Grid (The Frank Neervoort +31 222 379
Netherlands) Yvonne Derske 666
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 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 licencing
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 three principal business units: (i) Accoya(R)
wood production; (ii) 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 (iii) 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.
Unlike most tropical and European hardwoods, its colour does not
degrade when exposed to ultraviolet light. Moreover, the Accoya(R)
wood production process does not compromise the wood's strength or
machinability. The combination of UV resistance, 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 higher sustainable and
environmental 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
'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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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