Good morning, ladies and gentlemen, and welcome to the essensys plc annual general meeting proceedings. Throughout this meeting, attendees will be in listen-only mode. Questions are encouraged. They can be submitted anytime using the Q&A tab situated on the right-hand corner of your screen. Just please simply type in your question at any time and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company reviews all questions submitted today and publish responses where it's appropriate to do so. These will be available via your Investor Meet Company dashboard, and we'll notify you by email when they're ready for your review. I'd also like to remind you that this meeting is being recorded. I'd now like to hand over to Jon Lee, Chairman of essensys. Good morning, sir.
Thanks, Mark. For those of you as interested in our most recent financial results, the results presentation given on the twentieth of October is available to view via the Investor Meet Company platform and on the company's website. The focus of this meeting is the company's annual general meeting. Looks like most of the registered attendees are now joined via the platform, and so we begin. I'm now pleased to open the 2021 annual general meeting of essensys plc. In the room with me, I have Mark Furness, the CEO, Alan Pepper, the CFO, Charles Butler and Elizabeth Sandler are both non-execs. And joining remotely is Alexandra Notay, who's the other non-executive director. I'll soon move to conducting the formal business of the AGM, and we'll open the poll voting for those in the room with us here.
Following that, the directors will be available for Q&A session, and shareholders will be given the opportunity to submit questions in advance of the AGM. As we heard at the start, questions can also be submitted to our team at any time during the meeting. After the Q&A session, the poll will be closed, and the meeting will conclude. The results will be announced via RNS after the meeting. Now for the formal business of the meeting. Ladies and gentlemen, good morning, and thank you for joining us today. As you know, today's meeting was called by a notice of annual general meeting dated the 8th of November 2021. That notice explained the various resolutions that are proposed, and today's meeting has been called to consider, and if thought fit, pass those resolutions.
For this meeting, in line with good governance practice, all resolutions will be voted on via poll. This will ensure that the voting wishes of shareholders who couldn't join us in person today are also counted. The terms of the resolutions are set out in full in the notice. Unless anyone objects, I intend to take those as read. I'll now propose the resolutions to the meeting and then open the poll. I now propose the 11 resolutions. First ordinary resolution relates to the accounts. First one, to receive the report of directors and the financial statements for the year ended 31st July 2021, and to approve the report of directors remuneration for the year ending 31st July 2021. Resolutions three to eight propose re-electing the directors. That is Mark Furness, Jonathan Lee, Alan Pepper, Charles Butler, Alexandra Notay, and Elizabeth Sandler.
Resolution nine seeks to reappoint BDO LLP as auditors. Resolution 10 seeks to authorize the directors to determine the audit fees. Our last ordinary resolution, number 11, seeks to authorize directors to allot equity securities up to the limits outlined in the notice. I also propose two special resolutions. Resolution 12 seeks to authorize directors to disapply pre-emption rights in certain circumstances, and the final resolution 13 seeks to authorize the company to make market purchases. With that, I'll now declare the poll open. We don't have any shareholders in the room, so I'll now hand it back to Mark to assist with any Q&As.
Okay.
Okay.
Right. Shall we close this out?
Sure. Close that.
Mark, we're handing back to you to take over the Q&A.
Yeah. No problem at all. We've just got one question that's come in online. Can you see that on the right-hand corner of your screen?
Yeah.
If you're happy, I will proceed.
Okay.
The question from Alistair L reads as follows: If IWG proceeds with its plans to split, in the board's view, what will the implications be for essensys?
Thanks, Mark. Thanks for the question, Alistair. I think what primarily it shows is that the importance of technology for the delivery of flexible workspaces and the critical element of it in terms of its value for landlords and for operators of those spaces. We're actually quite pleased that with IWG statements, they are referencing how important that technology is, and we've seen similar statements recently from WeWork as well. For us, it's a validation of the market opportunity. It's certainly a validation of the importance of technology like essensys is. We're actually quite excited that their marketing firm is educating our audience even further.
That's great. Thank you very much indeed, Lee. I'll just leave the questions open for a few minutes just to remind investors should you have any questions, just please simply type in the question on the Q&A tab on the right-hand corner of your screen. You'll see a box at the bottom that says ask a question. Just simply type in your question and press send. Perhaps I'll leave that open for a minute before maybe handing back to you, Jon.
Okay. Thank you.
Yeah. There are no further questions that have been submitted. If any do come in, obviously, we'll make those available to the company after the meeting anyway. Just one more just coming in from Margaret L, if I may. Thank you, Margaret, for your question.
Yeah.
Can we have an update, please, on the U.S. progress with the greater sales resource?
With the greater sales resource. Yeah. Thanks, Mark, and thanks Margaret L for the question. As we discussed at our recent full year results, we've made really good progress in terms of the recruitment of new sales people, as part of our fundraise earlier this year. It was really about expansion across the U.S. market, in terms of our go-to-market activities, in North America. We've made really good progress under Jeremy and the team, primarily with some regional hires around the East Coast and West Coast. Sales leadership on the East Coast of the U.S. and on the West Coast. We're pleased with the progress so far. Obviously we'll be expanding that further throughout the year. As we've spoken about previously, the market opportunity is significant for us in the U.S.
It's really important that we push hard across that territory in the months and years to come.
That's great. Thank you very much indeed, Lee. Well, look, as I say, there are no further questions. If any do come in, I'll present them back to the company. Thank you to the investor attendees for submitting their questions. Jon, perhaps I could just hand back to you just to formally close, and then I'll redirect to investors to give you their thoughts and expectations.
Thanks very much, Mark. As all the poll cards have now been collected, I now declare the poll is closed. Now it takes a short time to collate the results of the poll, and the detailed voting figures will be released via RNS and published on the company's website as soon as reasonably practical. That concludes the business of this annual general meeting. I therefore declare the AGM closed. Thanks very much for joining us today, and appreciate your time and your questions. I hand you now back to Mark.
Thank you very much indeed, Jon. Thank you to the board of essensys for your attendance and proceedings today. Could I please ask attendees not to close this session as we'll now automatically redirect you for the opportunity to provide your feedback in order that the board can better understand your views and expectations. This will only take a few moments to complete, but I'm sure will be greatly valued by the company. On behalf of the board of essensys plc, we'd like to thank you for attending today's annual general meeting, and that now concludes today's session. Good morning to you all.