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
cast |
Votes |
% of votes
cast |
Abstain |
Ordinary Resolution
1 |
535,765,739 |
99.99% |
69,250 |
0.01% |
481,042 |
To receive the
financial statements for the year ended 31 December 2020 together
with Directors' Reports and the Auditors' Report |
Ordinary Resolution
2 |
518,391,534 |
98.32% |
8,882,373 |
1.68% |
9,042,124 |
To approve the
Remuneration Report |
Ordinary Resolution
3 |
519,015,329 |
98.23% |
9,370,126 |
1.77% |
7,930,576 |
To reappoint Jeffreys
Henry LLP as audit and authorise the directors to fix their
remuneration |
Ordinary Resolution
4 |
518,943,226 |
96.87% |
16,782,698 |
3.13% |
590,107 |
To re-elect James
Greenstreet as a director of the Company |
Ordinary Resolution
5 |
509,264,217 |
96.71% |
17,343,656 |
3.29% |
9,708,158 |
To re-elect Tim Yeo as
a director of the Company |
Ordinary
Resolution 6
To re-appoint Kirsty Gogan as a director of the Company |
526,794,070 |
98.33% |
8,932,494 |
1.67% |
589,467 |
Ordinary
Resolution 7
To authorise the directors to allot and issue equity
securities |
517,397,016 |
96.67% |
17,811,825 |
3.33% |
1,107,190 |
Special
Resolution 8
To authorise the directors to dis-apply pre-emption rights, as set
out in the notice of meeting |
506,005,954 |
94.54% |
29,197,799 |
5.46% |
1,112,278 |
*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 (Joint Broker) |
Tel: +44 (0) 203 657 0050 |
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