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REG - Surface Transforms - Result of AGM

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RNS Number : 9165Q  Surface Transforms PLC  30 June 2022

30 June 2022

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 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 For  Votes Against  % Votes Against  Votes Withheld
 1.  To receive the audited accounts of the Company                             78,406,343  79.6%        20,069,313     20.4%            1,507
 2.  To re-appoint Grant Thornton UK LLP as auditors of the Company and to fix  98,406,669  100%         10,500         0%               59,994
     their remuneration
 3.  To re-elect Ian Cleminson as a Director                                    98,238,365  100%         12,803         0%               225,995
 4.  To re-elect David Bundred as a Director                                    77,699,780  97.7%        1,809,804      2.3%             18,967,579
 5.  To re-elect Michael Cunningham as a Director                               98,464,348  100%         12,803         0%               12
 6.  To authorise the Directors to allot equity securities*                     98,432,293  100%         14,950         0%               29,920
 7.  To authorise the Directors to allot equity securities other than on a      98,103,955  99.8%        226,778        0.2%             146,430
     pre-emptive basis*

 

* 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 28 June 2022 was 195,256,161 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 (http://www.surfacetransforms.com) .

For enquiries, please contact:

 Surface Transforms plc                                            +44 151 356 2141

 Kevin Johnson, CEO

 Michael Cunningham, CFO

 David Bundred, Chairman
 Zeus (Nomad & Joint Broker)                                       +44 203 829 5000

 David Foreman / Dan Bate/ Jordan Warburton (Investment Banking)

 Dominic King (Corporate Broking)
 finnCap Ltd (Joint Broker)                                        +44 20 7220 0500

 Ed Frisby/Abigail Kelly (Corporate Finance)

 Richard Chambers/Barney Hayward (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce 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.

For further Company details, visit www.surfacetransforms.com

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.   END  RAGURABRUKUNOAR

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