Last checked at 17 Sep 2015 15:17
AIM: AXS
NYSE Euronext Amsterdam: AXS
17 September 2015
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 17 September 2015. All resolutions, as set out in the Notice of Annual General Meeting, dated 21 August 2015 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 (Please refer to Notice of Meeting for full text) | For | Against | Vote Withheld | % Vote Cast For | |
Ordinary Resolutions | ||||||
1 | To receive and adopt the audited financial statements for the financial year ended 31 March 2015, together with the reports of the Directors and auditors | 30,771,509 | 300,000 | - | 99.0% | |
2 | To approve the Directors' Remuneration Report for the financial year ended 31 March 2015 (excluding the Remuneration Policy) | 28,749,080 | 6,400 | 2,316,029 | 99.9% | |
3 | To approve an increase to the aggregate of fees payable to the Chairman and Non-Executive Directors in any year, as provided for in a revised Directors' Remuneration Policy | 30,763,367 | 306,400 | 1,742 | 99.0% | |
4 | To re-elect Susan Jane Mair (known as Sue Farr) as a Director of the Company | 31,069,109 | - | 2,400 | 100.0% | |
5 | To re-elect Michael Sean Christie as a Director of the Company | 31,071,509 | - | - | 100.0% | |
6 | To re-elect William Bickerton Rudge as a Director of the Company | 30,935,689 | 4,000 | 131,820 | 99.9% | |
7 | To re-appoint PricewaterhouseCoopers LLP as auditors of the Company | 31,065,109 | 6,400 | - | 99.9% | |
8 | To authorise the Directors to determine the auditors' remuneration | 31,065,109 | 6,400 | - | 99.9% | |
9 | To authorise the Directors to allot shares generally | 30,762,647 | 307,120 | 1,742 | 99.0% | |
Special Resolutions | ||||||
10 | To empower the Directors to allot shares for cash (other than pro rata to existing shareholders) | 28,700,142 | 2,367,225 | 4,142 | 92.4% | |
11 | To authorise the Company to make market purchases of its own ordinary shares | 28,007,310 | 3,061,799 | 2,400 | 90.1% |
Ends
For further information, please contact:
Accsys Technologies PLC | Paul Clegg, CEO Hans Pauli, COO Will Rudge, FD
| via MHP Communications |
Numis Securities | Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson Ben Stoop | +44 (0) 20 7260 1000
|
MHP Communications | Tim Rowntree James White Tess Harris
| +44 (0) 20 3128 8100
|
Off the Grid (The Netherlands) |
Frank Neervoort Giedo Van Der Zwan |
+31 681 734 236 +31 624 212 238 |
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya® 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 Windsor, 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. All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies. 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 by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) Accoya® 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® wood and Tricoya® wood elements across the globe.
Accoya® 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® 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® 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® 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® news, visit www.accoya.com/news.asp.
Tricoya® 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® Wood Elements is carried out through Tricoya Technologies Limited. Tricoya® 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®, TRICOYA® 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® registered trademark, from Tricoya Technologies Limited, a wholly owned subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.