Result of AGM

RNS Number : 3780D

Accrol Group Holdings PLC

27 October 2020

 

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.
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 27 October 2020 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.co.uk.

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:
Accrol Group Holdings plc
Dan Wright, Executive Chairman	Via Belvedere Communications
Gareth Jenkins, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser & Broker)
Dan Bate / Jordan Warburton	Tel: [phone]
Dominic King / John Goold	Tel: [phone]
Liberum Capital Limited (Joint Broker)	Tel: [phone]
Clayton Bush / Edward Thomas
Belvedere Communications Limited
Cat Valentine	Tel: [phone]
Keeley Clarke	Tel: [phone]
	[e-mail]

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 .

 

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