2 June 2021
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 9:30 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(1) | Votes Against | Votes Withheld |
| 1. | To receive the audited accounts of the Company
| 69,179,172 | 10,720 | 727 |
| 2. | To re-appoint Grant Thornton UK LLP as auditors of the Company and to fix their remuneration
| 69,187,424 | 3,195 | nil |
| 3. | To re-elect Matthew Taylor as a Director
| 69,188,316 | 2,303 | nil |
| 4. | To re-elect Julia Woodhouse as a Director
| 68,962,333 | 228,286 | nil |
| 5. | To authorise the Directors to allot equity securities
| 50,523,104 | 18,667,515 | nil |
| 6. | To authorise the Directors to allot equity securities other than on a pre-emptive basis
| 68,904,099 | 286,520 | nil |
The Company recognises that a significant proportion of the votes were cast against Resolution 5. The Board takes seriously its responsibilities to maintain a healthy dialogue with shareholders and has already engaged with several of them to better understand their concerns. We will continue to listen to their views.
(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 May 2021was 195,108,319 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
Michael Cunningham CFO
Zeus Capital Limited (Nominated Adviser and Joint Broker) +44 203 829 5000
Dan Bate / David Foreman / Jordan Warburton (Corporate Finance)
Dominic King (Corporate Broking)
finnCap Ltd (Joint Broker) +44 20 7220 0500
Ed Frisby (Corporate finance)
Richard Chambers (ECM)
For further Company details, visit www.surfacetransforms.com
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