TIDMAXS
RNS Number : 1648B
Accsys Technologies PLC
18 September 2018
AIM: AXS
Euronext Amsterdam: AXS
18 September 2018
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 2:30p.m. (UK time) on the 18 September
2018. All resolutions, as set out in the Notice of Annual General
Meeting, dated 8 August 2018 were duly passed.
The final proxy voting position is shown below (inclusive of
proxy votes cast at the Meeting). 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 2018, together
with the reports of the
1 Directors and auditors 53,100,349 - 1,383 100%
------------------------------------- ----------- -------- -------------- -------------
To approve the Directors'
Remuneration Report for
the financial year ended
31 March 2018 (excluding
2 the Remuneration Policy) 53,090,639 6,983 4,110 99.98%
------------------------------------- ----------- -------- -------------- -------------
To approve the Directors'
Remuneration Policy with
effect from the end of
3 the Annual General Meeting 52,090,499 7,123 1,004,110 99.98%
------------------------------------- ----------- -------- -------------- -------------
To re-elect Trudy Schoolenberg
4 as Director of the Company 53,094,749 6,983 - 99.98%
------------------------------------- ----------- -------- -------------- -------------
To re-elect Susan Jane
Mair (known as Sue Farr)
5 as a Director of the Company 53,100,349 1,383 - 99.99%
------------------------------------- ----------- -------- -------------- -------------
To re-elect Michael Sean
Christie as a Director
6 of the Company 53,100,349 1,383 - 99.99%
------------------------------------- ----------- -------- -------------- -------------
To re-appoint PricewaterhouseCoopers
LLP as auditors of the
7 Company 53,099,796 - 1,936 100%
------------------------------------- ----------- -------- -------------- -------------
To authorise the Directors
to determine the auditors'
8 remuneration 53,100,349 - 1,383 100%
------------------------------------- ----------- -------- -------------- -------------
To authorise the Directors
9 to allot shares generally 53,096,913 2,266 2,553 99.99%
------------------------------------- ----------- -------- -------------- -------------
Special Resolutions
------------------------------------- ----------- -------- -------------- -------------
To empower the Directors
to allot shares for cash
(other than pro rata to
10 existing shareholders) 53,083,856 17,876 - 99.95%
------------------------------------- ----------- -------- -------------- -------------
To authorise the Company
to make market purchases
11 of its own ordinary shares 53,083,939 16,993 800 99.96%
------------------------------------- ----------- -------- -------------- -------------
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:
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
Frank Neervoort +31 681 734 236
Off the Grid (The Netherlands) Yvonne Derkse +31 222 379 666
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 Tricoya(R) wood elements, 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 licensing 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 four principal
business units: (i) Accoya(R) wood production; (ii) building and
operating of Tricoya(R) wood chip acetylation plant in Hull; (iii)
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
(iv) 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.
Moreover, the Accoya(R) wood production process does not compromise
the wood's strength or machinability. The combination of
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 highly
sustainable and environmentally 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
naturally occurring '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
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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