22 June 2023
Good Energy Group PLC
("Good Energy" or the "Company")
Result of Annual General Meeting
At the Company's Annual General Meeting held at 2pm on Thursday 22 June 2023, shareholders passed ordinary resolutions 2 - 8.
The Board notes that special resolutions 1, 9, 10 and 11 did not pass.
Special resolution 1 was an amendment to the Articles of Association of the Company, legally embedding its purpose by stating its goals are to have a materially positive impact on society and the environment, in addition to operating for the benefit of stakeholders. This is a legal requirement for the retention of B Corp certification which the Company is pursuing.
Special resolutions 9,10 and 11 were standard authorities that UK listed companies take at annual general meetings, relating to the allotment of 5% of shares for cash on a non-pre-emptive basis and purchase of own shares.
The Board is disappointed not to receive this limited additional flexibility of the special resolutions to pursue opportunities in the interests of the Company and its shareholders.
The results of the AGM will be published on the Company's website as soon as practicable following the meeting.
The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are also available on the Company's website at https://www.goodenergy.co.uk/investors/annual-general-meeting/.
Enquiries
| Good Energy Group PLC | |
| Nigel Pocklington, Chief Executive Charlie Parry, Director of Corporate Strategy & Investor Relations Ian McKee, Head of Communications | Email: press@goodenergy.co.uk |
| SEC Newgate UK | Email: GoodEnergy@secnewgate.co.uk |
| Elisabeth Cowell / Molly Gretton
| Tel: +44 (0)7900 248213 |
| Investec Bank plc (Nominated Adviser and Joint Broker) | |
| Henry Reast / James Rudd / Maria Gomez de Olea
| Tel: +44 (0) 20 7597 5970 |
| Canaccord Genuity Limited (Joint Broker) | |
| Henry Fitzgerald - O'Connor / Harry Rees | Tel: +44 (0) 20 7523 4617 |
About Good Energy www.goodenergy.co.uk
Good Energy is a supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of 1,700 independent UK generators.
Since it was founded 20 years ago, the Company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power. Its ambition is to support one million homes and businesses to cut carbon from their energy and transport used by 2025.
Good Energy is recognised as a leader in this market, through green kite accreditation with the London Stock Exchange, Which? Eco Provider status and Gold Standard Uswitch Green Tariff Accreditation for all tariffs.
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