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ITM Power PLC - Result of AGM

RNS Number : 6434D
ITM Power PLC
29 October 2020
 

29 October 2020

 

ITM Power plc

("ITM Power" or the "Company")

 

Result of Annual General Meeting

 

ITM Power (AIM: ITM), the energy storage and clean fuel company announces that all resolutions put to shareholders were duly passed at the Company's Annual General Meeting, which took place virtually at 10:00 this morning.

 

The votes cast at the General Meeting were as follows:

 

 

For

Against

Withheld

Ordinary Resolution

Votes

%

Votes

%

 

1

96,081,318

97.58

2,365,315

2.4

1,992,576

2

77,717,018

90.89

7,768,054

9.09

14,954,137

3

92,996,158

92.75

7,250,463

7.23

192,588

4

64,590,413

71.04

26,307,622

28.94

9,541,174

Special Resolution

 

 

 

 

 

5

88,370,867

94.42

5,208,411

5.56

6,859,831

6

96,703,947

96.46

3,531,236

3.52

204,026

 

For further information please visit www.itm-power.com or contact:

 

ITM Power plc

(0)114 263 7646

James Collins/Nicola Ham Edmonds

 

 

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Jeremy Ellis / Chris Sim

 

 

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Barney Hayward / Edward Lee

 

 

About ITM Power plc

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide.  In October 2020, ITM Power announced a proposed equity fund raise of at least £165m, including £30m from Snam, one of the world's leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

 

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Quick facts: ITM Power PLC

Price: -

Market: AIM
Market Cap: -
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