Result of AGM
Updated : 16:16
4 December 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Result of the Annual General Meeting
Ceres Power Holdings plc (AIM: CWR) is pleased to announce that at the Annual General Meeting of shareholders held earlier today at 3 Gatton Park Business Centre, Wells Place, Merstham, Redhill, RH1 3DR, all resolutions were duly passed.
The results of the proxy vote on the resolutions put at the Annual General Meeting were as follows:
For and discretionary Number (%) | Against Number (%) | Votes withheld Number | Total votes cast exc. withheld Number | % of issued | |
Ordinary Resolutions | |||||
1. To receive and consider the accounts of the Company for the financial year ended 30 June 2019, together with the reports of the Directors of the Company and auditor of the Company on those accounts. |
110,020,415 (99.27%)
| 804,640 (0.73%) | 7
| 110,825,055
|
72.02%
|
2. To appoint BDO LLP as auditor of the Company and to authorise the Board, through the Audit Committee, to fix their remuneration. | 110,817,987 (100%) | 1,531 (0%) | 5,544
| 110,819,518
| 72.02%
|
3. To elect Dr Haoran Hu as a Director of the Company. | 103,525,532 (93.42%) | 7,296,378 (6.58%) | 3,152
| 110,821,910
| 72.02%
|
4. To re-elect Mr Philip Caldwell, who is retiring by rotation, as a Director of the Company. | 110,769,210 (99.97%) | 34,019 (0.03%) | 21,833
| 110,803,229
| 72.01%
|
5. To re-elect Mr Stephen Callaghan, who is retiring by rotation, as a Director of the Company. | 109,896,135 (99.97%) | 34,019 (0.03%) | 894,908
| 109,930,154
| 71.44%
|
6. To re-elect Mr Aidan Hughes, who is retiring by rotation, as a Director of the Company. | 110,769,210 (99.97%) | 34,019 (0.03%) | 21,833
| 110,803,229
| 72.01%
|
7. To re-elect Mr Robert Trezona, who is retiring by rotation, as a Director of the Company. | 109,877,640 (99.16%) | 925,589 (0.84%) | 21,833
| 110,803,229
| 72.01%
|
8. To authorise the Directors to allot certain shares pursuant to section 551 of the Companies Act 2006. | 110,759,964 (99.94%) | 63,045 (0.06%) | 2,053
| 110,823,009
| 72.02%
|
Special Resolution | |||||
9. To authorise the Directors to allot shares without the application of statutory pre-emption rights in certain instances pursuant to sections 570 and 573 of the Companies Act 2006. | 108,919,662 (98.31%) | 1,872,581 (1.69%) | 32,819
| 110,792,243
| 72.0%
|
For further information please contact:
|
| |||||
Ceres Power Holdings plc Richard Preston | Tel: +44 (0)1403 273 463 | |||||
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb |
Tel: +44 (0)207 597 5970 | |||||
Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
Tel: +44 (0) 203 207 7800 | |||||
Powerscourt (Financial PR) Peter Ogden / James White |
Tel: +44 (0) 20 7250 1446 | |||||
| ||||||
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com) is a world-leading developer of low cost, next generation solid oxide fuel cell ("SOFC") technology. Its asset-light licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living. Ceres Power is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.
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