REG - Zytronic PLC - Result of General Meeting

ZytronicAnnouncement

07/05/2025 17:15

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RNS Number : 7610H  Zytronic PLC  07 May 2025

7 May 2025

 

Zytronic plc

("Zytronic" or the "Company" and its subsidiaries)

Result of General Meeting

Further to the announcement on 11 April 2025, Zytronic plc (AIM: ZYT), a
leading specialist manufacturer of touch sensors announces that at the
General Meeting of the Company held earlier today, the Resolution was duly
passed.

The number of votes cast for and against the Resolution proposed, and the
number of votes withheld were as follows:

 Resolution                                                                   Votes for  %      Votes against  %     Votes withheld*
 1. To approve the cancellation of the admission of the Ordinary Shares to    3,931,340  99.78  8,700          0.22  1,295
 trading on AIM (being the market of that name operated by the London Stock
 Exchange plc)

*A vote withheld is not a vote in law and any such votes have not been
included in the votes for and against the Resolution.

The full text of the Resolution can be found in the circular containing, inter
alia, the notice of General Meeting, which was published and posted to
Shareholders on 11 April 2025 (the "Circular") and is available on the
Company's website at https://www.zytronic.co.uk/plc/rns-announcements/
(https://www.zytronic.co.uk/plc/rns-announcements/) .

In accordance with the passing of the Resolution, Cancellation is expected to
become effective at 7.00 a.m. on 15 May 2025 and not 8.00 a.m. as previously
notified.

The expected timetable of principal events in relation to the Circular is as
follows:

 Last day of dealing in Ordinary Shares on AIM           31 March 2025
 Time and date of cancellation                           7.00 a.m. on 15 May 2025
 Secondary Market Trading Facility for Shares commences  15 May 2025

 

Dealing and settlement arrangements following Cancellation

The Company intends to introduce a Secondary Market Trading Facility for the
Ordinary Shares, to help facilitate purchases or sales of Ordinary Shares
following Cancellation. This flexibility is so that Shareholders have the
option to sell their Ordinary Shares should they wish to do so but do not need
to make that decision immediately.

The Secondary Market Trading Facility will be provided by Asset Match, which
is authorised and regulated by the Financial Conduct Authority (FRN 579310).
Further details of the Secondary Market Trading Facility can be found
at www.assetmatch.com (http://www.assetmatch.com/) . This facility will allow
existing Shareholders and new investors to trade Ordinary Shares by matching
buyers and sellers through periodic auctions. Investors are encouraged to
register on www.assetmatch.com (http://www.assetmatch.com/)  and add
Zytronic to their 'Watchlist' to continue to receive Company updates and
auction/price information.

Shareholders wishing to trade these securities can do so through their
stockbroker. The Asset Match trading facility operates under its own code of
practice which governs the behaviour of participants and the running of the
periodic auctions. Asset Match operates an open auction system where volumes
of bids and offers at different prices are displayed in an order book on its
website together with the closing date of the auction. At the end of each
auction period, Asset Match passes this information through a
non-discretionary algorithm that determines a "market-derived" share price
based on supply and demand and allocates transactions accordingly. Bids and
offers may be made and withdrawn at any time before the closing date of each
auction.

Shareholders will continue to be able to hold their Shares in uncertificated
form (in CREST) and should check with their existing stockbroker whether they
are willing or able to trade in unquoted shares. Shareholders wishing to trade
shares through Asset Match must do so through a stockbroker. A comprehensive
list of stockbrokers who have signed up to access the Asset Match platform is
available on request from Asset Match.

Full details will be made available to Shareholders on the Company's website
at www.zytronic.co.uk (http://www.zytronic.co.uk/)  and directly by letter
or e-mail (where appropriate). Shareholders may contact Asset Match in
relation to any queries regarding trading via the secondary market trading
facility by emailing dealing@assetmatch.com (mailto:dealing@assetmatch.com) .

The Secondary Market Trading Facility is expected to be available for a period
of at least one year after Cancellation. The Directors' current intention is
that it will continue beyond that time, but Shareholders should note that it
could be withdrawn and therefore inhibit the ability to trade the Shares.
Further details will be communicated to the Shareholders at the relevant time.

Shareholders are invited to retain their Ordinary Shares in the Company, but
are welcome to participate in the monthly auctions under the Secondary Market
Trading Facility operated by Asset Match, which will allow Shareholders to
sell down their holdings should they wish to do so.

The Company expects to be admitted to the Secondary Market Trading Facility on
15 May 2025, at which point shareholders will be able to submit buy and sell
instructions via their broker. The first auction is expected to close on 20
June 2025, followed by monthly auctions thereafter.

For further information please contact:

Enquiries:

 Zytronic plc                                                                                                                                                                                                      0191 414 5511

 Christopher Potts, Non-Executive Chairman

 Claire Smith, Chief Executive Officer

 Asset Match                                                                                                                                                                                                       020 7248 2788
 Limited

 Hannah Woodley, Commercial Director

 Ben Weaver, Business Development Director

 Singer Capital Markets (Nominated Adviser and Broker)                                                                                                                                                             020 7496 3000

 Alex Bond, Samed Ethemi (Investment Banking)

 

Notes to Editors

The Company's trading entity Zytronic Displays Limited ("ZDL") is an
established developer and manufacturer of a range of internationally
award-winning optically transparent interactive touch sensor overlay products
for use with electronic displays in industrial, self-service and public access
equipment.

ZDL has continually developed process and technological know-how and
intellectual property since the late 1990's around two projected capacitance
("PCAP") sensing methodologies; trademarked by it as PCT™ ("Projected
Capacitive Technology") and MPCT™ ("Mutual Projected Capacitive
Technology"), in respect of which 20 internationally granted patents are held.
As part of this the Company has invested in and developed an advanced
electronic PCAP controller, the ZXY500, which incorporates a specialist
Application Specific Integrated Circuit ("ASIC") specified and owned by
Zytronic, and bespoke firmware on the controller processor.

ZDL's PCAP sensing solutions are readily configurable and embedded in a
laminate core which offers significant durability, environmental stability,
and optical enhancement benefits to meet system-specific design requirements.

The Company is headquartered at Blaydon-upon-Tyne in the United Kingdom. ZDL
operates from this site, providing its manufactured products globally through
a number of sales channel partners. ZDL differentiates itself from others in
the touch eco-system as it offers a complete one-stop solution including
processing internally of the form and factor of glass and film substrates, the
assembly of the associated touch overlay products, in environmentally
controlled cleanrooms to customer's specific requirements and the development
of the bespoke firmware, software and electronic hardware which comprise the
controller that links the manufactured touch interactive overlays to a
customer's integrated systems and product.

For more information about ZDL's technologies and products, and the Company
please see www.zytronic.co.uk (https://www.zytronic.co.uk/)

 

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