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ITM Power PLC - Result of EGM

RNS Number : 7998G
ITM Power PLC
27 November 2020
 

27 November 2020

 

ITM Power plc

("ITM Power" or the "Company")

 

Results of EGM

 

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that the resolution proposed at the Extraordinary General Meeting ("EGM") of the Company held earlier today to receive and consider the Company's accounts together with the directors' report and the auditors' report for the financial year ended 30 April 2020 was duly passed.

 

The total number of proxy votes received on the resolution put to the EGM was as follows:

 


In Favour

Discretion

Against

Withheld

Resolution

Votes

%age

Votes

%age

Votes

%age

Votes

1

205,969,262

90.84

8,853

0.01

20,748,331

9.15

259,237

 

 

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

 

ITM Power plc

Graham Cooley (CEO) / Andy Allen (CFO) / James Collins (IR)

+44 (0)114 263 7646

Investec Bank plc (Nominated Adviser and Broker)

Jeremy Ellis / Chris Sim / Ben Griffiths / Will Fenby

+44 (0)20 7597 5970

Tavistock (Financial PR and IR)

Simon Hudson / Edward Lee / Tim Pearson

+44 (0)20 7920 3150

 

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 November 2020, ITM Power completed a £172m fund raise, 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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