TIDMSCE
RNS Number : 1014E
Surface Transforms PLC
27 June 2023
27 June 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
Result of Annual General Meeting
Surface Transforms (AIM: SCE) is pleased to announce that all
resolutions proposed at its Annual General Meeting ("AGM") held at
10:00 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 Votes % Votes Votes
For Against Against Withheld
Receive the audited
accounts of the
1. Company 95,537,633 98.64% 1,317,419 1.36% 22,652
---------------------- ----------- ------- ---------- -------- ----------
Re-appoint Grant
Thornton UK LLP
2. as auditors 96,752,549 99.99% 2,303 0.01% 122,852
---------------------- ----------- ------- ---------- -------- ----------
Re-elect Dr Kevin
Johnson as a
3. Director 96,852,749 99.99% 2,303 0.01% 22,652
---------------------- ----------- ------- ---------- -------- ----------
Re-elect Matthew
4. Taylor as a Director 96,852,749 99.99% 2,303 0.01% 22,652
---------------------- ----------- ------- ---------- -------- ----------
Approve the Company's
Long Term Incentive
5. Plan (LTIP)* 95,018,127 98.17% 1,774,125 1.83% 85,452
---------------------- ----------- ------- ---------- -------- ----------
Authorise the
directors to
grant options
under the LTIP
6. scheme* 94,993,127 98.14% 1,796,777 1.86% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Authorise the
establishment
7. of an EBT* 96,764,949 99.97% 24,955 0.03% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Authorise the
incorporation
of a subsidiary
to act as trustee
8 of the EBT* 96,750,290 99.96% 39,614 0.04% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Approve the Company's
Share Incentive
9 Plan (SIP)* 96,707,993 99.92% 81,911 0.08% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Authorise the
directors to
implement and
give effect to
10 the SIP* 96,707,993 99.92% 81,911 0.08% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Authorise the
directors to
make awards (the
11 SIP Awards)* 96,707,993 99.92% 81,911 0.08% 87,800
---------------------- ----------- ------- ---------- -------- ----------
Authorisation
for the purpose
of section 551
12 of the Act* 96,792,927 99.94% 59,477 0.06% 25,300
---------------------- ----------- ------- ---------- -------- ----------
Authorisation
pursuant to section
570 of the Act
to allot equity
13 securities* 96,589,903 99.77% 225,101 0.23% 62,700
---------------------- ----------- ------- ---------- -------- ----------
* 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 27 June 2023 was 241,693,233 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
Kevin Johnson, CEO +44 151 356
David Bundred, Chairman 2141
Zeus (Nomad & Joint Broker)
David Foreman / Dan Bate/ James Edis (Investment
Banking) +44 203 829
Dominic King (Corporate Broking) 5000
finnCap Ltd (Joint Broker )
Ed Frisby/Abigail Kelly (Corporate Finance) +44 20 7220
Andrew Burdis /Barney Hayward (ECM) 0500
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 long strand 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.
For additional information please visit
www.surfacetransforms.com
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END
RAGFRMFTMTMTBBJ
(END) Dow Jones Newswires
June 27, 2023 12:02 ET (16:02 GMT)
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