leadf
logo-loader
viewPowerhouse Energy Group PLC

POWERHOUSE ENERGY GROUP PLC - Result of AGM

30 September 2020

Powerhouse Energy Group plc("Powerhouse" or the "Company")

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), the technology company pioneering hydrogen production from waste plastic, announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed.UK

The results of the votes are set out below:

For more information, contact:

Notes for editors:

About Powerhouse Energy Group plc

Powerhouse has developed a proprietary process technology - DMG® - which can utilise waste plastic, end-of-life-tyres, and other waste streams to efficiently and economically convert them into syngas from which valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived.  Powerhouse’s technology is one of the world's first proven, distributed, modular, hydrogen from waste (HfW) process.

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality hydrogen and more than 58MWh of exportable electricity per day.

Powerhouse’s process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level. As announced on under its Supplemental Agreement with Peel Environmental, Powerhouse will receive an annual license fee of £500,000 in respect of each project which is commissioned.11th February 2020

Powerhouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in the United Kingdom.

For more information seewww.powerhouseenergy.net

FOR*                     AGAINST

RESOLUTIONS        Votes     % of votes    Votes    % of votes cast  Abstain
                             cast

Ordinary       1,429,943,616   99.98%     300,000        0.02%       412,543
Resolution 1

To receive the
financial
statements for
the year ended
31 December
2019 together
with
Directors'
Reports and
the Auditors'
Report

Ordinary       1,429,340,872   99.94%     828,675        0.06%       486,612
Resolution 2

To approve the
Remuneration
Report

Ordinary       1,429,891,960   99.97%     499,922        0.03%       264,277
Resolution 3

To reappoint
Jeffreys Henry
LLP as audit
and authorise
the directors
to fix their
remuneration

Ordinary       1,323,926,230   97.94%   27,903,121       2.06%      78,826,808
Resolution 4

To re-elect Dr
Cameron Davies
as a director
of the Company

Ordinary       1,342,651,569   99.24%   10,298,680       0.76%      77,705,910
Resolution 5

To re-elect
James
Greenstreet as
a director of
the Company

Ordinary       1,429,859,351   99.98      270,000        0.02%       526,808
Resolution 6
To re-appoint
Myles Kitcher
as a director
of the Company

Ordinary       1,417,992,013   99.20%   11,419,964       0.80%      1,244,182
Resolution 7
To re-appoint
Timothy Yeo as
a director of
the Company

Ordinary       1,429,835,631   99.98%     297,720        0.02%       522,808
Resolution 6
To re-appoint
Allan Vlah as
a director of
the Company

Ordinary       1,376,905,380   99.94%     877,630        0.06%      52,873,149
Resolution 9
To authorise
the directors
to allot and
issue equity
securities

Special        1,185,373,542   86.03%   192,409,468     13.97%      52,873,149
Resolution 10
To authorise
the directors
to dis-apply
pre-emption
rights, as set
out in the
notice of
meeting

*Votes received for the resolutions includes votes allowing the Chairman's
discretion.
Powerhouse Energy Group plc                Tel: +44 (0) 203 368 6399

, Chief Executive Officer

WH Ireland Limited (Nominated Adviser)     Tel: +44 (0) 207 220 1666

 / Lydia Zychowska

Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 657 0050

 / 

Ikon Associates (Media enquiries)          Tel: +44 (0) 1483 271291

                                Mob: +44 (0) 7979 900733David RyanJames JoyceAndrew ThackerZoe AlexanderAdrian Shaw

Quick facts: Powerhouse Energy Group PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Powerhouse Energy CEO updates on commercial development and plans for future...

Powerhouse Energy Group PLC's (LON:PHE) CEO Dave Ryan tells Proactive London's Andrew Scott its DMG technology is continuing to attract substantial interest internationally. The Protos Energy Park in Cheshire is being developed by Powerhouse’s partner, Peel Environmental, and there is a 10-site...

on 1/7/20

4 min read