Last checked at 27 Oct 2020 14:44
27 October 2020
Accrol Group Holdings plc
("Accrol", the "Company" or the "Group")
AIM: ACRL
Result of 2020 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 | Total | Withheld | |||
No. of votes | % | No. of votes | % | No. of votes | % | No. of votes | |
1. To receive the Annual Report and Accounts | 88,325,741 | 99.95 | 42,452 | 0.05 | 88,368,193 | 100 | 0 |
2. To re-appoint BDO as Auditor | 84,380,997 | 95.58 | 3,906,087 | 4.42 | 88,287,084 | 100 | 81,109 |
3. To approve the Directors' Remuneration Report | 49,361,817 | 77.92 | 13,987,854 | 22.08 | 63,349,671 | 100 | 25,018,522 |
4. To authorise the Directors to allot relevant securities | 84,363,491 | 99.83 | 141,407 | 0.17 | 84,504,898 | 100 | 3,863,295 |
5. To authorise the Directors to allot equity securities for cash without making a pre-emptive offer to shareholders* | 88,222,985 | 99.84 | 141,407 | 0.16 | 88,364,392 | 100 | 3,801 |
*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.
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2. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
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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".
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4. | The number of shares in issue on 27 October 2020 was 195,246,536 with no shares in treasury.
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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.
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In compliance with the QCA Code, the Board notes the percentage of votes cast against Resolution 3 to approve the Directors' Remuneration Report. The Board has already engaged in discussions with shareholders and continues to maintain a healthy dialogue with its investors.
For further information, please contact: |
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Accrol Group Holdings plc |
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Dan Wright, Executive Chairman | Via Belvedere Communications |
Gareth Jenkins, Chief Executive Officer |
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Zeus Capital Limited (Nominated Adviser & Broker) |
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Dan Bate / Jordan Warburton | Tel: +44 (0) 161 831 1512 |
Dominic King / John Goold | Tel: +44 (0) 203 829 5000 |
Liberum Capital Limited (Joint Broker) | Tel: +44 (0) 20 3100 2222 |
Clayton Bush / Edward Thomas | |
Belvedere Communications Limited |
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Cat Valentine | Tel: +44 (0) 7715 769 078 |
Keeley Clarke | Tel: +44 (0) 7967 816 525 |
accrolpr@belvederepr.com |
Notes to Editors
Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:
· | A manufacturing, storage, and distribution facility in Blackburn; |
· | A storage and administrative centre in Blackburn; |
· | A facial tissue plant, also in Blackburn; and |
· | A manufacturing, storage, and distribution facility in Leyland. |
For more information, please visit www.accrol.co.uk.