Result of AGM

RNS Number : 7213Q

Accrol Group Holdings PLC

22 October 2019

 

22 October 2019

Accrol Group Holdings plc

("Accrol", the "Company" or the "Group")

AIM: ACRL

Result of 2019 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	122,707,536	99.97	28,611	0.02	122,736,147	100.00	0
2.     To elect Simon Allport	118,764,933	96.82	3,889,105	3.17	122,654,038	100.00	82,109
3.     To appoint BDO as auditor	122,219,373	99.64	428,680	0.35	122,648,053	100.00	88,094
4.     To approve the directors' remuneration report	73,488,398	69.77	31,823,226	30.22	105,311,624	100.00	17,424,523
5.     To authorise the Directors to allot relevant securities	118,751,224	99.90	116,058	0.1	118,867,282	100.00	3,860,494
6.     To authorise the directors to allot equity securities for cash without making a pre-      emptive offer to shareholders*	122,605,671	99.91	116,058	0.09	122,721,729	100.00	6,047

*Special resolution

Notes:

1.	Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
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 22 October 2019 was 195,246,536 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.accrol.com.

In compliance with the QCA Code, the Board notes the percentage of votes cast against Resolution 4 to approve the directors' remuneration report. Shareholders with significant holdings in the Company were consulted ahead of the vote and the Board remains open to further discussions.

Enquiries:

For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman	Tel: [phone]
Gareth Jenkins, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser & Broker)
Dan Bate / Andrew Jones	Tel: [phone]
Dominic King / John Goold	Tel: [phone]
Belvedere Communications Limited
Cat Valentine ([e-mail])	Tel: [phone]
Keeley Clarke ([e-mail])	Tel: [phone]
Llew Angus ([e-mail])	Tel:  [phone]

Notes to Editors

New Group website: www.accrol.com

Accrol Group Holdings plc is a leading tissue converter and supplier of toilet rolls, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. 

Our vision is to deliver the best possible value to the UK consumer on essential everyday tissue products. We are shaking up the traditional tissue brands by delivering the quality the consumer demands for the price they want to pay.

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.

 

END

 

 

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