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| Date | 9 Nov 2022 |
| Time | 12:53:19 |
| Category | AGMs and other meetings |
| ID | 8678F |
9 November 2022
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Result of AGM and Directorate Update
Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology which 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.
The results of the votes are set out below:
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FOR* |
AGAINST |
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RESOLUTIONS |
Votes |
% of votes cast |
Votes |
% of votes cast |
Abstain |
|
Ordinary Resolution 1 |
217,576,010 |
100.00% |
4,000 |
0.00% |
396,627 |
|
To receive the financial statements for the year ended 31 December 2021 together with Directors' Reports and the Auditors' Report |
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Ordinary Resolution 2 |
215,268,564 |
99.72% |
601,133 |
0.28% |
2,106,940 |
|
To approve the Remuneration Report |
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|
Ordinary Resolution 3 |
214,504,144 |
99.35% |
1,406,195 |
0.65% |
2,066,298 |
|
To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration |
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|
Ordinary Resolution 4 |
202,850,308 |
99.14% |
1,761,434 |
0.86% |
13,364,895 |
|
To re-elect Keith Riley as a director of the Company |
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|
Ordinary Resolution 5 |
214,643,579 |
99.82% |
385,573 |
0.18% |
2,947,485 |
|
To re-elect Paul Emmitt as a director of the Company |
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Ordinary Resolution 6 To re-appoint Hugh McAlister as a director of the Company |
201,725,979 |
93.55% |
13,903,173 |
6.45% |
2,347,485 |
|
Ordinary Resolution 7 To authorise the directors to allot and issue equity securities |
209,081,684 |
96.31% |
8,004,467 |
3.69% |
890,486 |
|
Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting |
198,601,608 |
91.46% |
18,554,877 |
8.54% |
820,152 |
|
*Votes received for the resolutions includes votes allowing the Chairman's discretion. |
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As announced on 15 August 2022, Non-executive Directors Myles Kitcher and Gill Weeks did not offer themselves for re-election at today's AGM and have stepped down from the Powerhouse board with immediate effect. The Company intends to make further appointments in due course.
-ENDS-
For more information, contact:
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Powerhouse Energy Group plc |
via Tavistock |
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Keith Riley |
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WH Ireland Limited (Nominated Adviser) |
+44 (0) 207 220 1666 |
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James Joyce and Enzo Aliaj |
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Turner Pope Investments (TPI) Ltd (Joint Broker) |
+44 (0) 203 657 0050 |
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Andrew Thacker and James Pope |
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Tavistock Communications (Financial PR) |
+44 (0) 020 7920 3150 |
|
Simon Hudson, Nick Elwes, Heather Armstrong |
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse Energy has developed a process technology 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, heat and other industrial products may be derived.
Powerhouse Energy'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 Energy 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