POWERHOUSE ENERGY GROUP PLC - Result of AGM
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.
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.
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 900733
David Ryan James Joyce Andrew Thacker Zoe Alexander Adrian Shaw
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