Surface
Transforms plc
("Surface
Transforms" or the "Company")
Result of Annual General
Meeting
Surface Transforms (AIM: SCE),
manufacturers of carbon fibre reinforced ceramic automotive brake
discs, is pleased to announce that all resolutions proposed at its
Annual General Meeting ("AGM") held at 11:00 a.m. earlier today
were duly passed by shareholders.
A summary of the votes lodged by
proxy at the AGM is set out below:
|
|
Resolution
|
Votes for
|
%
|
Votes
against
|
%
|
Votes
withheld
|
|
1.
|
To receive and adopt the Company's
annual accounts
|
264,076,316
|
99.91
|
239,685
|
0.09
|
3,636,760
|
|
2.
|
To re-appoint Grant Thornton as
auditors and for the Directors to determine the fees
payable
|
265,978,683
|
99.83
|
458,616
|
0.17
|
1,544,439
|
|
3.
|
To re-elect Julia Woodhouse as a
Director
|
258,963,381
|
97.78
|
5,890,415
|
2.22
|
3,127,942
|
|
4.
|
To re-elect Isabelle Maddock as a
Director
|
249,068,564
|
94.64
|
14,111,610
|
5.36
|
4,801,564
|
|
5.
|
To authorise the Directors to allot
relevant securities
|
259,559,205
|
97.95
|
5,427,331
|
2.05
|
2,995,202
|
|
6.
|
To authorise the Directors to allot
equity securities for cash*
|
258,750,891
|
97.42
|
6,865,741
|
2.58
|
2,365,106
|
*
Special resolution
(1) Any proxy appointments, which gave
discretion to the Chairman have been included in the 'For' votes
total.
(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 July 2024 was
1,302,072,638 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.surfacetransforms.com.
For
enquiries, please contact:
|
Surface Transforms plc
|
+44 151 356
2141
|
|
David Bundred, Chairman
|
|
|
Kevin Johnson, CEO
|
|
|
Isabelle Maddock, CFO
|
|
|
|
|
|
Zeus (Nominated Adviser and Joint Broker)
|
+44 203 829
5000
|
|
David Foreman / James Edis / Ed
Beddows (Investment Banking)
|
|
|
Dominic King (Corporate
Broking)
|
|
|
|
|
|
Cavendish Capital Markets Ltd (Joint
Broker)
|
+44 20 7220
0500
|
|
Ed Frisby / Abigail Kelly (Corporate
Finance)
|
|
|
Andrew Burdis / Harriet Ward
(ECM)
|
|
About Surface Transforms
Surface Transforms plc. (AIM:SCE)
develops and produces carbon‐ceramic material automotive brake
discs. The Company is the UK's only manufacturer of carbon‐ceramic
brake discs, and only one of two mainstream carbon ceramic brake
disc companies in the world, serving customers that include major
OEMs in the global automotive markets.
The Company utilises its proprietary
next generation Carbon Ceramic Technology to create lightweight
brake discs for high‐performance road and track applications for
both internal combustion engine and electric vehicles. While
competitor carbon‐ceramic brake discs use discontinuous chopped
carbon fibre, Surface Transforms interweaves continuous carbon
fibre to form a 3D matrix, producing a stronger and more durable
product with improved heat conductivity compared to competitor
products; this reduces the brake system operating temperature,
resulting in lighter and longer life components with superior brake
performance. These benefits are in addition to the benefits of all
carbon‐ceramic brake discs vs. iron brake discs: weight savings of
up to 70%, longer product life, consistent performance, reduced
brake pad dust and corrosion free.
The Company holds the London Stock
exchange's Green Economy Mark
For additional information please
visit www.surfacetransforms.com