REG - Surface Transforms - Result of Annual General Meeting

Surface TransformsAnnouncement

23/07/2024 15:45

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RNS Number : 5228X  Surface Transforms PLC  23 July 2024

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  265,978,683  99.83  458,616        0.17  1,544,439
     the fees  payable

 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 (http://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

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