PHE Powerhouse Energy Group Plc

 
TIDMPHE 
 
Powerhouse Energy Group plc 
 
                        ("Powerhouse" or the "Company") 
 
29 July 2021 
 
                                 Result of AGM 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company 
commercialising 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     Votes     % of votes   Abstain 
                                 cast                     cast 
 
Ordinary            535,765,739    99.99%      69,250       0.01%      481,042 
Resolution 1 
 
To receive the 
financial 
statements for the 
year ended 31 
December 2020 
together with 
Directors' Reports 
and the Auditors' 
Report 
 
Ordinary            518,391,534    98.32%     8,882,373     1.68%     9,042,124 
Resolution 2 
 
To approve the 
Remuneration 
Report 
 
Ordinary            519,015,329    98.23%     9,370,126     1.77%     7,930,576 
Resolution 3 
 
To reappoint 
Jeffreys Henry LLP 
as audit and 
authorise the 
directors to fix 
their remuneration 
 
Ordinary            518,943,226    96.87%    16,782,698     3.13%      590,107 
Resolution 4 
 
To re-elect James 
Greenstreet as a 
director of the 
Company 
 
Ordinary            509,264,217    96.71%    17,343,656     3.29%     9,708,158 
Resolution 5 
 
To re-elect Tim 
Yeo as a director 
of the Company 
 
Ordinary            526,794,070    98.33%     8,932,494     1.67%      589,467 
Resolution 6 
To re-appoint 
Kirsty Gogan as a 
director of the 
Company 
 
Ordinary            517,397,016    96.67%    17,811,825     3.33%     1,107,190 
Resolution 7 
To authorise the 
directors to allot 
and issue equity 
securities 
 
Special Resolution  506,005,954    94.54%    29,197,799     5.46%     1,112,278 
8 
To authorise the 
directors to 
dis-apply 
pre-emption 
rights, as set out 
in the notice of 
meeting 
 
 
*Votes received for the resolutions includes votes allowing the Chairman's 
discretion. 
 
                                    -ENDS- 
 
For more information, contact: 
 
Powerhouse Energy Group plc              Tel: +44 (0) 203 368 6399 
 
Tim Yeo, Executive Chairman 
 
WH Ireland Limited (Nominated Adviser)   Tel: +44 (0) 207 220 1666 
 
James Joyce/ Lydia Zychowska 
 
Turner Pope Investments  (TPI) Ltd       Tel: +44 (0) 203 657 0050 
(Joint Broker) 
 
Andrew Thacker 
 
SisterSmith PR (media enquiries) 
Becca Smith                              Mob: +44 (0) 7766522305 
 
Notes to 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.co.uk 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 29, 2021 10:14 ET (14:14 GMT)

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