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Velocys RNS Release

Result of AGM

RNS Number : 1878B
Velocys PLC
14 June 2016
 

News release

Velocys plc

("Velocys" or "the Company")

14 June 2016

 

Results of Annual General Meeting

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), announces the results of its Annual General Meeting held earlier today.

 

All resolutions put to shareholders were duly passed, with the exception of special resolution 17 (amendment to Article 92 of the Articles). Details of the results of the voting (voted by way of a poll) including the proxy votes lodged with the Company's registrars are as follows:

 


Votes

Resolution

For

% For

Against

% Against

Withheld

Total

1

102,519,705

93.23

7,442,091

6.77

0

109,961,796

2

79,753,720

100.00

70

0.00

30,208,006

109,961,796

3

79,753,720

100.00

70

0.00

30,208,006

109,961,796

4

109,959,463

100.00

70

0.00

2,263

109,961,796

5

108,381,187

98.56

1,578,346

1.44

2,263

109,961,796

6

109,959,463

100.00

70

0.00

2,263

109,961,796

7

79,753,720

100.00

70

0.00

30,208,006

109,961,796

8

78,175,444

98.02

1,578,346

1.98

30,208,006

109,961,796

9

78,175,444

98.02

1,578,346

1.98

30,208,006

109,961,796

10

79,753,720

100.00

70

0.00

30,208,006

109,961,796

11

109,232,526

100.00

70

0.00

729,200

109,961,796

12

109,961,626

100.00

70

0.00

100

109,961,796

13

109,958,132

100.00

569

0.00

3,095

109,961,796

14

106,263,036

96.64

3,698,065

3.36

695

109,961,796

15

79,023,788

99.09

729,170

0.91

30,208,838

109,961,796

16

78,945,626

100.00

3,128

0.00

31,013,042

109,961,796

17

79,750,226

72.53

30,206,707

27.47

4,863

109,961,796

 

- Ends -

 



 

For further information, please contact:

Velocys

David Pummell, CEO

Susan Robertson, CFO

 

+44 1235 841 700

 

Numis Securities (Nomad and Broker)

Alex Ham - Corporate Broking

Stuart Skinner / Jamie Lillywhite - Nominated Adviser

 

+44 20 7260 1000

Camarco (financial communications & PR)

Billy Clegg / Georgia Mann

 

+44 20 3757 4983

 

Notes to editors

About Velocys

Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL) that turns natural gas or biomass into premium products such as diesel, jet fuel, waxes and base oils. Smaller scale GTL adds value to shale gas and bio-waste, and makes stranded or flared gas economic - an untapped market of up to 25 million barrels per day.

 

Velocys technology, protected by several hundred patents in over 30 countries, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. The Company's standardised modular plants are easier to ship and faster to install, at lower risk, even in the most remote or challenging locations. Together with world-class partners, Velocys works flexibly to unlock gas resources of 15,000 to 150,000 mmbtu per day, allowing more companies to take advantage of more opportunities.

 

Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company is well capitalised and has a multi-disciplinary staff of around 100 operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. Its commercial reference plant, which will be located adjacent to Waste Management's East Oak landfill site, is expected to reach mechanical completion in mid-year 2016.

www.velocys.com

 

Think Smaller. Velocys is changing the way fuels are made.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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