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LONDON - Zotefoams plc, the London Stock Exchange-listed company specializing in supercritical fluid foam technology, announced today that its Annual General Meeting (AGM), held at the company’s Croydon office, resulted in the approval of all proposed resolutions.
At the AGM, shareholders voted on a series of 18 resolutions, with ordinary resolutions ranging from 1 to 13 and 17, and special resolutions encompassing 14, 15, 16, and 18. The meeting saw a turnout of 53.51% of the issued share capital, with votes cast by shareholders in respect of 26,352,108 ordinary shares.
Among the key resolutions passed was the declaration of a final dividend for the year ended December 31, 2024, amounting to 5.10 pence per ordinary share, set to be paid out on June 2, 2025, to shareholders recorded as of May 2, 2025. The resolution received unanimous support from voting participants.
Additionally, the re-election of directors, including L Drummond, R M Cox, G C McGrath, J D Carling, D G Robertson, M S Swift, and C A Wall, was confirmed with varying levels of support, with the lowest approval at 95.18% for L Drummond’s re-election.
The appointment of PKF Littlejohn LLP as the company’s auditor was nearly unanimous, with 99.99% in favor, and the authorization for the Audit Committee to set the auditor’s remuneration was similarly supported.
Moreover, resolutions regarding the allotment of shares and equity securities for cash or financing purposes were passed, including the authorization for market purchases of shares, which garnered 99.98% approval.
The AGM also approved amendments to the Share Incentive Plan and agreed that general meetings, other than annual general meetings, may be called with not less than 14 clear days’ notice.
Zotefoams, recognized for its environmentally friendly nitrogen expansion process for producing lightweight AZOTE® and ZOTEK® high-performance foams, caters to a diverse global market across consumer, transport, smart technologies, construction, and industrial sectors.
The company confirms that details of the resolutions will be accessible for public inspection via the National Storage Mechanism, in line with Listing Rule 6.4.
This report is based on a press release statement from Zotefoams plc, which continues to operate manufacturing sites in the UK, USA, Poland, and has product conversion facilities in the USA and China.
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