Annual General Meeting

RNS Number : 4628O

Accsys Technologies PLC

19 September 2013

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

19 September 2013

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Annual General Meeting

The Board of Accsys Technologies PLC announces that its Annual General Meeting was held at 2.00 p.m. (UK time) on the 19 September 2013. All resolutions, as set out in the Notice of Annual General Meeting, dated 27 August 2013 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 the Annual Report and Financial Statements of the Company for the year ended 31 March 2013 together with the Report of the Auditors thereon	149,070,004	9,312,818	6,622	94.1%
2	To approve the Directors' remuneration report for the year ending 31 March 2013	130,921,334	27,467,370	740	82.7%
3	To re-elect Paul Clegg as a Director of the Company	130,936,574	27,452,870	0	82.7%
4	To re-elect Patrick Shanley as a Director of the Company	130,943,074	27,446,370	0	82.7%
5	To elect William Rudge as a Director of the Company	130,936,574	27,452,870	0	82.7%
6	To re-appoint PricewaterhouseCoopers LLP as auditors of the Company	149,085,626	9,303,818	0	94.1%
7	To authorise the Directors to determine the auditors' remuneration	149,085,626	9,303,818	0	94.1%
8	To authorise the Directors to allot shares generally	149,057,913	9,319,531	12,000	94.1%
9	To approve the establishment of the Accsys Technologies Long Term Incentive Plan	127,117,854	31,270,850	740	80.3%
	Special Resolutions
10	To authorise the Directors to allot shares for cash disapplying statutory pre-emption rights	148,947,552	9,441,892	0	94.0%
11	To authorise the Company to make market purchases of its own ordinary shares	130,834,213	27,554,963	268	82.6%

Ends

For further information, please contact:

Accsys Technologies PLC	Paul Clegg, CEO Hans Pauli, COO Will Rudge, FD	via Blythe Weigh Communications
Numis Securities	Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson                              Ben Stoop	[phone]
Blythe Weigh Communications	Paul Weigh Tim Blythe	[phone] [phone] [phone]
Off the Grid (The Netherlands)	Frank Neervoort Giedo Van Der Zwan	[phone] [phone] [phone]

Notes to editors:

Accsys Technologies PLC(www.accsysplc.com) is an environmental science and technology company 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, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). 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. For marine uses where weight is also important, Accoya^® wood for the first time provides boat builders with a wood that is strong, lightweight, durable and retains its natural beauty for far longer.  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 wood based composites, including panel products. These composites 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, a joint venture between Accsys and INEOS Industries Holdings 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 joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya^® brand.

 

END

 

 

RAGUKRVRORAKAAR