ITM Itm Power Plc

TIDMITM

RNS Number : 7998G

ITM Power PLC

27 November 2020

27 November 2020

ITM Power plc

("ITM Power" or the "Company")

Results of EGM

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that the resolution proposed at the Extraordinary General Meeting ("EGM") of the Company held earlier today to receive and consider the Company's accounts together with the directors' report and the auditors' report for the financial year ended 30 April 2020 was duly passed.

The total number of proxy votes received on the resolution put to the EGM was as follows:

 
              In Favour             Discretion     Against             Withheld 
             --------------------  ------------- 
 Resolution   Votes         %age    Votes   %age   Votes        %age   Votes 
             ------------  ------  ------  -----  -----------  -----  --------- 
          1   205,969,262   90.84   8,853   0.01   20,748,331   9.15    259,237 
             ------------  ------  ------  -----  -----------  -----  --------- 
 

For further information, please visit www.itm-power.com or contact:

 
 ITM Power plc 
  Graham Cooley (CEO) / Andy Allen (CFO) /    +44 (0)114 263 
  James Collins (IR)                           7646 
 Investec Bank plc (Nominated Adviser and 
  Broker) 
  Jeremy Ellis / Chris Sim / Ben Griffiths    +44 (0)20 7597 
  / Will Fenby                                 5970 
 Tavistock (Financial PR and IR)              +44 (0)20 7920 
  Simon Hudson / Edward Lee / Tim Pearson      3150 
 

About ITM Power plc

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a GBP 58.8 million fundraise, including a subscription by Linde of GBP38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide. In November 2020, ITM Power completed a GBP172m fund raise, including GBP30m from Snam, one of the world's leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell' s Rhineland refinery. ITM Power announced the lease of the world 's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

-ends-

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(END) Dow Jones Newswires

November 27, 2020 08:57 ET (13:57 GMT)

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