Synthomer PLC — AGM Information 2021

Dec 17, 2021

National Storage Mechanism | Additional information

RNS Number : 0713W

Synthomer PLC

17 December 2021

[17] December 2021

Synthomer plc

Results of General Meeting

Synthomer plc ("Synthomer" or the "Company") announces that the resolutions proposed at its General Meeting (the "Meeting") held earlier today, to approve the acquisition of the Adhesive Resins business of Eastman Chemical Company (the "Acquisition") and to raise the borrowing restriction from £1.5 billion to £2 billion, both as set out in full in the Notice of the Meeting included in the Circular dated 30 November 2021, (together, the "Resolutions") were duly passed unconditionally.

In compliance with paragraph 9.6.2R of the Listing Rules, the Resolutions passed at the Meeting have been submitted for filing at the National Storage Mechanism and are available for inspection on their website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Details of the proxy voting instructions, lodged prior to the Meeting, are set out below:

	For + discretion		Against		Votes Withheld
Resolution Number and Description	Votes	% Votes Cast	Votes	% Votes Cast	Votes
Resolution 1: To approve the Acquisition	414,230,586	99.98	80,447	0.02	529,279
Resolution 2: To approve the amendment to Article 93 of the Articles of Association to raise the borrowing restriction to £2 billion	413,463,809	99.80	843,613	0.20	532,890

An abstention is not a vote in law and is not counted in the calculation of proportion of votes 'For' or 'Against' a resolution.

Number of shareholders	-	2,518
Issued share capital at 6 p.m. on 15 December 2021	-	467,336,041 ordinary shares of 10 pence each
Number of votes per share	-	One
Number of proxies lodged	-	423

Commenting on today's announcement, Michael Willome, Chief Executive Officer of Synthomer, said:

"Today's vote represents an overwhelming endorsement from our shareholders and demonstrates their confidence in our strategic rationale for this transaction. Having now spent almost 2 months as Synthomer's CEO, I have seen how the combination of Adhesive Technologies, the Omnova acquisition last year and the investment in multiple areas across the business has resulted in a significant step change in profitability and gives us a strong platform for future growth. As we approach the end of a successful 2021, consistent with our last update, I am confident and excited about the Group's prospects both in the year-ahead and beyond."

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