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Velocys PLC announced that at its Annual General Meeting, held on 28 June 2023, all thirteen resolutions put to shareholders were duly passed by a Poll. These resolutions included the re-election of six directors, election of one new director (Philip Sanderson), and the re-appointment of PricewaterhouseCoopers LLP as auditors. The 'For' votes for the resolutions ranged from 93.75% to 99.93%.
| Date | 28 Jun 2023 |
| Time | 14:21:04 |
| Category | AGMs and other meetings |
| ID | 2738E |
News release
Velocys plc
("Velocys" or "the Company")
28 June 2023
Results of Annual General Meeting
Velocys plc (VLS.L), the sustainable fuels technology company, announces that, at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed by means of a Poll.
Full details of the resolutions passed are set out in the Notice of Meeting which is available on the Company's website www.velocys.com.
|
Resolutions |
For / Discretion |
Against |
Total |
Vote withheld* |
||
|
Number |
% |
Number |
% |
|||
|
1. To receive, consider and adopt the annual accounts of the Company as at 31 December 2022 and the Directors' and auditors' reports thereon |
681,397,304
|
99.93 |
470,810
|
0.07
|
681,868,114
|
144,467
|
|
2. To approve by way of an advisory vote the Directors' Remuneration Report for the year ended 31 December 2022 |
539,558,962
|
93.75 |
35,971,806 |
6.25 |
575,530,768
|
106,481,813 |
|
3. To re-elect Philip Holland |
680,656,978 |
99.89 |
770,852 |
0.11 |
681,427,830 |
584,751 |
|
4. To re-elect Henrik Wareborn |
680,656,978 |
99.89 |
770,852 |
0.11 |
681,427,830 |
584,751 |
|
5. To re-elect Darran Messem |
680,656,978 |
99.89 |
770,852 |
0.11 |
681,427,830 |
584,751 |
|
6. To re-elect Ann Markey |
680,817,192 |
99.91 |
610,638 |
0.09 |
681,427,830 |
584,751 |
|
7. To re-elect Tom Quigley |
680,656,978 |
99.89 |
757,068 |
0.11 |
681,414,046 |
598,535 |
|
8. To elect Philip Sanderson |
680,703,344 |
99.89 |
754,486 |
0.11 |
681,457,830 |
554,751 |
|
9. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company |
649,763,872 |
95.33 |
31,799,707 |
4.67 |
681,563,579 |
449,002 |
|
10. To authorise the Directors to fix the remuneration of the auditors |
681,342,842 |
99.92 |
525,272 |
0.08 |
681,868,114 |
144,467 |
|
11. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company |
680,577,423 |
99.81 |
1,290,651 |
0.19 |
681,868,074 |
144,507 |
|
12. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association |
648,948,195 |
95.21 |
32,659,651 |
4.79 |
681,607,846 |
404,735 |
|
13. To authorise the Company to purchase its own shares |
649,873,045 |
95.33 |
31,810,069 |
4.67 |
681,683,114 |
329,467 |
* 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
|
For further information, please contact:
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions.
Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration. Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.
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