Accrol Group Holdings PLC Result of AGM (7213Q)
22 October 2019 - 9:30PM
UK Regulatory
TIDMACRL
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 % No. of % No. of % No. of
votes votes votes 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: +44 (0) 1254 278 844
Gareth Jenkins, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser
& Broker)
Dan Bate / Andrew Jones Tel: +44 (0) 161 831 1512
Dominic King / John Goold Tel: +44 (0) 203 829 5000
Belvedere Communications Limited
Cat Valentine (cvalentine@belvederepr.com) Tel: +44 (0) 7715 769 078
Keeley Clarke (kclarke@belvederepr.com) Tel: +44 (0) 7967 816 525
Llew Angus (langus@belvederpr.com) Tel: +44 (0) 7407 023 147
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.
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END
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