Result of the 2023 Annual General Meeting

Zotefoams PLC

24 May 2023

 

Zotefoams plc

('the Company')

Result of the 2023 Annual General Meeting

24 May 2023 - The Company announces that at its Annual General Meeting held on 24 May 2023 at its offices at 675 Mitcham Road, Croydon CR9 3AL, all of the resolutions tabled at the meeting were passed on a poll vote. Resolutions 1 to 14 inclusive were passed as ordinary resolutions and resolutions 15 to 18 inclusive were passed as special resolutions. 

The total number of ordinary shares in issue in relation to the AGM is 48,621,234. Votes were cast by shareholders in respect of 32,370,244 ordinary shares amounting to 66.6% of the issued share capital.

The votes cast* were recorded as follows:

Resolution		For	% of votes cast	Against	% of votes cast	Votes Withheld
1.	To receive the Annual Report of the Company for the year ended 31 December 2022	32,370,244	100.00	0	0	0
2.	To approve the new Directors' Remuneration Policy set out on pages 91 to 99 of the Annual Report.	30,838,381	95.27	1,530,762	4.73	1,101
3.	To approve the Annual Statement by the Chair of the Remuneration Committee and the Annual Report on Remuneration for the year ended 31 December 2022 set out on pages 88 to 109 of the Annual Report.	31,455,356	97.18	913,788	2.82	1,100
4.	To declare a final dividend for the year ended 31 December 2022 of 4.62 pence per ordinary share, such dividend to be payable on 2 June 2023 to shareholders on the register of members of the Company at the close of business on 5 May 2023.	32,370,244	100.00	0	0.00	0
5.	To elect L Drummond as a Director.	32,243,778	99.61	126,466	0.39	0
6.	To re-elect D B Stirling as a Director.	32,354,594	99.95	15,650	0.05	0
7.	To re-elect G C McGrath as a Director.	32,354,594	99.95	15,650	0.05	0
8.	To re-elect J D Carling as a Director.	32,079,199	99.10	291,045	0.90	0
9.	To re-elect A M Fielding as a Director.	32,088,383	99.13	281,861	0.87	0
10.	To re-elect D G Robertson as a Director.	32,006,676	98.88	363,568	1.12	0
11.	To re-elect C A Wall as a Director.	32,088,383	99.13	281,861	0.87	0
12.	To re-appoint PKF Littlejohn LLP as Auditor of the Company.	32,236,167	99.96	13,944	0.04	120,133
13.	To authorise the Audit Committee to determine the Auditor's remuneration.	32,356,300	100.00	194	0.00	13,750
14.	To authorise the Directors to allot shares.	32,227,473	99.60	129,021	0.40	13,750
15.	To authorise the Directors to allot equity securities for cash.	32,231,158	99.61	125,336	0.39	13,750
16.	To authorise the Directors, in addition to resolution 15, to allot further equity securities for financing (and refinancing) purposes only.	32,231,158	99.61	125,336	0.39	13,750
17.	To authorise market purchases of shares.	32,356,235	100.00	259	0.00	13,750
18.	That a general meeting other than an annual general meeting may be called on not less than 14 clear days' notice.	31,597,408	97.62	771,736	2.38	1,100

*  Total votes cast excludes votes withheld as a vote withheld is not a vote in law.

Further details of the resolutions (including the text of the resolutions) are given in the Notice of the 2023 Annual General Meeting, which is on page 167 of the 2022 Annual Report and which is also available on the Company's website.

Pursuant to Listing Rule 9.6, the Company also confirms that a copy of all relevant resolutions passed at its AGM will shortly be made available for public inspection via the National Storage Mechanism.

Lydia Harratt

Group Company Secretary

Zotefoams plc

020 8664 1600

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE^® polyolefin and ZOTEK^® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT^® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce^® mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA and Stilling, Denmark (microcellular foam technology) and Jiangsu Province, China (T-FIT).

www.zotefoams.com

AZOTE^®, ZOTEK^®, ReZorce^® and T-FIT^® are registered trademarks of Zotefoams plc.

 

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