RNS

09:33 Thu 10 Dec 2020

Ceres Power Holdings - AGM Statement

RNS Number : 2189I

Ceres Power Holdings plc

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%

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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