Powerhouse Energy Group plc
("Powerhouse" or the "Company")
7 September 2023
Result of AGM
Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed. All resolutions were decided on a poll.
The results of the votes are set out below:
| | FOR* | AGAINST |
| ||
| RESOLUTIONS | Votes | % of votes cast | Votes | % of votes cast | Abstain |
| Ordinary Resolution 1 | 586,797,374 | 99.86 % | 842,976 | 0.14 % | 96,699 |
| To receive the financial statements for the year ended 31 December 2022 together with Directors' Reports and the Auditors' Report | |||||
| Ordinary Resolution 2 | 582,660,671 | 99.42 % | 3,389,586 | 0.58 % | 1,686,792 |
| To approve the Remuneration Report | |||||
| Ordinary Resolution 3 | 584,279,650 | 99.73 % | 1,565,176 | 0.27% | 1,892,223 |
| To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration | |||||
| Ordinary Resolution 4 | 584,034,577 | 99.53% | 2,759,937 | 0.47% | 942,535 |
| To re-elect Hugh McAlister as a director of the Company | |||||
| Ordinary Resolution 5 | 584,055,218 | 99.49% | 2,999,859 | 0.51% | 681,972 |
| To re-elect Paul Emmitt as a director of the Company | |||||
| Ordinary Resolution 6 Withdrawn | N/A | N/A | N/A | N/A | N/A |
| Ordinary Resolution 7 To elect Antony Gardner-Hillman as a director of the Company | 583,931,483 | 99.56% | 2,602,405 | 0.44 | 1,203,161 |
| Ordinary Resolution 8 To elect Antony Gale as a director of the Company | 584,170,933 | 99.61% | 2,288,336 | 0.39% | 1,277,780 |
| Ordinary Resolution 9 To elect David Hitchcock as a director of the Company | 584,170,933 | 99.60% | 2,362,955 | 0.40% | 1,203,161 |
| Ordinary Resolution 10 To elect Karol Kacprzak as a director of the Company | 584,956,802 | 99.74% | 1,536,039 | 0.26% | 1,244,208 |
| Ordinary Resolution 11 To authorise the directors to allot and issue equity securities | 576,640,980 | 98.42% | 9,268,180 | 1.58% | 1,827,889 |
| Special Resolution 12 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting | 548,202,399 | 93.58% | 37,620,942 | 6.42% | 1,913,708 |
| Special Resolution 13 To authorise the Company to make market purchases of its own shares. | 585,456,565 | 99.79% | 1,233,240 | 0.21% | 1,047,244 |
| Special Resolution 14 To adopt new Articles of Association of the Company. | 584,337,729 | 99.63% | 2,163,873 | 0.37% | 1,235,447 |
|
*Votes received for the resolutions include votes allowing the Chairman's discretion. | |||||
-ENDS-
For more information, contact:
| Powerhouse Energy Group Plc Antony Gardner-Hillman
| +44 (0) 7733 146326 |
| WH Ireland Limited (Nominated Adviser) James Joyce James Bavister
| +44 (0) 207 220 1666 |
| Turner Pope Investments (TPI) Ltd (Joint Broker) Andrew Thacker James Pope
| +44 (0) 203 657 0050 |
| Tavistock (Financial PR) Simon Hudson Nick Elwes Heather Armstrong | powerhouse@tavistock.co.uk
|
About Powerhouse Energy Group plc
Powerhouse Energy has developed a proprietary process technology - DMG® - which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically 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, "distributable modular generation", energy from waste processes.
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.
Powerhouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.
For more information see www.powerhouseenergy.co.uk
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