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 their remuneration | 98,406,669 | 100% | 10,500 | 0% | 59,994 |
| 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 pre-emptive basis* | 98,103,955 | 99.8% | 226,778 | 0.2% | 146,430 |
* 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.
For enquiries, please contact:
| Surface Transforms plc Kevin Johnson, CEO Michael Cunningham, CFO David Bundred, Chairman | +44 151 356 2141 |
| Zeus (Nomad & Joint Broker) David Foreman / Dan Bate/ Jordan Warburton (Investment Banking) Dominic King (Corporate Broking) | +44 203 829 5000 |
| finnCap Ltd (Joint Broker) Ed Frisby/Abigail Kelly (Corporate Finance) Richard Chambers/Barney Hayward (ECM) | +44 20 7220 0500 |
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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