Result of AGM

Accrol Group Holdings PLC

24 October 2023

 

24 October 2023

Accrol Group Holdings plc

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

AIM: ACRL

Result of 2023 Annual General Meeting

Accrol (AIM: ACRL), the UK's leading independent tissue converter, 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		Withheld
	No. of votes	%	No. of votes	%	No. of votes
1. To receive the Annual Report and Accounts	219,819,362	99.97	65,673	0.03	0
2. To appoint BDO as Auditor and authorise the directors to fix their remuneration	219,781,647	99.96	90,747	0.04	12,641
3. To approve the Directors' Remuneration Report	212,665,237	96.72	7,207,157	3.28	12,641
4. To re-elect Chris Welsh as a Director	219,334,006	99.75	548,180	0.25	2,849
5. To authorise the Directors to allot relevant securities	219,313,827	99.74	561,635	0.26	9,573
6. To authorise the Directors to allot equity securities for cash without making a pre-emptive offer to shareholders*	214,032,998	97.34	5,842,464	2.66	9,573
7. To authorise the Directors to make market purchases of ordinary shares*	214,174,005	97.4	5,710,716	2.6	314

*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 17 October 2023 was 318,878,097 with no shares in treasury.
5.	The full text of the resolutions passed at the AGM is available in the Notice of AGM on the Company's website: https://www.accrol.co.uk/investors/company-reports-presentations-and-circulars/

For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman	Via Belvedere Communications
Gareth Jenkins, Chief Executive Officer
Chris Welsh, Chief Financial Officer
Zeus (Nominated Adviser & Broker)
Dan Bate / Jordan Warburton	Tel: [phone]
Dominic King	Tel: [phone]
Shore Capital Stockbrokers (Joint Broker)	Tel: [phone]
Malachy McEntyre/ Mark Percy / James Thomas /
Isobel Jones
Belvedere Communications Limited
Cat Valentine	Tel: [phone]
Keeley Clarke	Tel: [phone]
	[e-mail]

Overview of Accrol

Accrol Group Holdings plc is a leading tissue converter and supplier of toilet tissues, kitchen rolls, facial tissues, and wet wipes to many of the UK's leading discounters and grocery retailers across the UK. The Group now operates from five manufacturing sites which together supply c.21.5% (volume) of the UK tissue market valued at c£2.5bn at retail sales value.

For more information, please visit www.accrol.co.uk.

Link for Accrol Today video: https://www.accrol.co.uk/our-business/

 

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