30 September 2020
Powerhouse Energy Group
plc
("Powerhouse" or the "Company")
Result of AGM
Powerhouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic,
announces that at the Annual General Meeting of the Company held
today, all resolutions put to shareholders were duly passed.
The results of the votes are set out below:
|
FOR* |
AGAINST |
|
|
RESOLUTIONS |
Votes |
% of votes
cast |
Votes |
% of votes
cast |
Abstain |
| Ordinary Resolution
1 |
1,429,943,616 |
99.98% |
300,000 |
0.02% |
412,543 |
| To receive the
financial statements for the year ended 31 December 2019 together
with Directors' Reports and the Auditors' Report |
| Ordinary Resolution
2 |
1,429,340,872 |
99.94% |
828,675 |
0.06% |
486,612 |
| To approve the
Remuneration Report |
| Ordinary Resolution
3 |
1,429,891,960 |
99.97% |
499,922 |
0.03% |
264,277 |
| To reappoint Jeffreys
Henry LLP as audit and authorise the directors to fix their
remuneration |
| Ordinary Resolution
4 |
1,323,926,230 |
97.94% |
27,903,121 |
2.06% |
78,826,808 |
| To re-elect Dr Cameron
Davies as a director of the Company |
| Ordinary Resolution
5 |
1,342,651,569 |
99.24% |
10,298,680 |
0.76% |
77,705,910 |
| To re-elect James
Greenstreet as a director of the Company |
Ordinary
Resolution 6
To re-appoint Myles Kitcher as a director of the Company |
1,429,859,351 |
99.98 |
270,000 |
0.02% |
526,808 |
Ordinary
Resolution 7
To re-appoint Timothy Yeo as a director of the Company |
1,417,992,013 |
99.20% |
11,419,964 |
0.80% |
1,244,182 |
Ordinary
Resolution 6
To re-appoint Allan Vlah as a director of the Company |
1,429,835,631 |
99.98% |
297,720 |
0.02% |
522,808 |
Ordinary
Resolution 9
To authorise the directors to allot and issue equity
securities |
1,376,905,380 |
99.94% |
877,630 |
0.06% |
52,873,149 |
Special
Resolution 10
To authorise the directors to dis-apply pre-emption rights, as set
out in the notice of meeting |
1,185,373,542 |
86.03% |
192,409,468 |
13.97% |
52,873,149 |
|
|
|
|
|
|
| *Votes
received for the resolutions includes votes allowing the Chairman's
discretion. |
For more information, contact:
| Powerhouse Energy
Group plc |
Tel: +44 (0) 203 368
6399 |
| David Ryan, Chief
Executive Officer |
|
| WH Ireland Limited
(Nominated Adviser) |
Tel: +44 (0) 207 220
1666 |
| James Joyce /
Lydia Zychowska |
|
| Turner Pope
Investments Ltd (Joint Broker) |
Tel: +44 (0) 203 657
0050 |
| Andrew
Thacker / Zoe Alexander |
|
| Ikon Associates
(Media enquiries) |
Tel: +44 (0) 1483
271291 |
| Adrian Shaw |
Mob: +44 (0) 7979
900733 |
Notes for editors:
About Powerhouse Energy Group
plc
Powerhouse has developed a proprietary process technology - DMG®
- which can utilise waste plastic, end-of-life-tyres, and other
waste streams to efficiently and economically convert them into
syngas from which valuable products such as chemical precursors,
hydrogen, electricity and other industrial products may be
derived. Powerhouse’s technology is one of the world's first
proven, distributed, modular, hydrogen from waste (HfW)
process.
The Powerhouse DMG® process can generate up to 2 tonnes of
road-fuel quality hydrogen and more than 58MWh of exportable
electricity per day.
Powerhouse’s process produces low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community level. As announced on
11th February 2020 under its
Supplemental Agreement with Peel Environmental, Powerhouse will
receive an annual license fee of £500,000 in respect of each
project which is commissioned.
Powerhouse is quoted on the London Stock Exchange's AIM Market
under the ticker: PHE and is incorporated in the United
Kingdom.
For more information see www.powerhouseenergy.net