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Ceres Power Holdings - AGM Statement

RNS Number : 2189I
Ceres Power Holdings plc
10 December 2020
 

10 December 2020

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 the offices of DAC Beachcroft LLP, 25 Walbrook, London EC4N 8AF, 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
share capital represented by the votes cast

Ordinary Resolutions






1. To re-appoint BDO LLP as auditor of the Company, to hold office until the conclusion of the next Annual General Meeting and to authorise the Board, through the Audit Committee, to fix their remuneration.

 

91,980,679 (84.12%)

 

17,360.740

(15.88%)

4,516,957

 

109,341,419

 

 

63.78%

 

 

2. To elect Mr Warren Finegold who will stand for election as a Director of the Company.

111,677,129

(98.10%)

2,163,589

(1.90%)

17,658

 

113,840,718

 

66.41%

 

3. To elect Mr Uwe Glock who will stand for election as a Director of the Company.

106,624,702

(93.66%)

7,214,817

(6.34%)

18,857

 

113,839,519

 

66.41%

 

4. To elect Mr Qinggui Hao who will stand for election as a Director of the Company.

106,621,652

(93.66%)

7,217,867

(6.34%)

18,857

 

113,839,519

 

66.41%

 

5. To re-elect Mr Stephen Callaghan, who is retiring by rotation, as a Director of the Company.

111,203,611

(97.67%)

2,650,751

(2.33%)

4,014

 

113,854,362

 

66.41%

 

6. To re-elect Ms Caroline Hargrove, who is retiring by rotation, as a Director of the Company.

112,436,642

(99.56%)

501,376

(0.44%)

920,358

 

112,938,018

 

65.88%

 

7. To re-elect Mr Richard Preston, who is retiring by rotation, as a Director of the Company.

107,125,554

(94.09%)

6,728,808

(5.91%)

4,014

 

113,854,362

 

66.41%

 

8. To authorise the Directors to allot certain shares pursuant to section 551 of the Companies Act 2006.

102,311,292

(90.75%)

10,422,869

(9.25%)

1,124,215

 

112,734,161

 

65.76%

 



 

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.

106,125,140

(94.16%)

6,586,917

(5.84%)

1,146,319

 

112,712,057

 

65.75%

 

10.            That the New Articles be approved and adopted in substitution for, and to the exclusion of, the existing Articles of Association of the Company.

98,782,935

(86.80%)

15,028,798

(13.20%)

46,643

 

113,811,733

 

66.39%

 



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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END
 
 
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