ITM Power PLC Result of Annual General Meeting (5566E)

TIDMITM

RNS Number : 5566E

ITM Power PLC

28 October 2022

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 on a poll at the Company's Annual General Meeting, which took place at 2 Bessemer Park, Sheffield, S9 1DZ at 10:00 this morning.

The votes cast were as follows:

 
                                     For                  Against 
 Ordinary Resolutions:          Votes        %        Votes        %      Withheld 
                            ------------  -------  -----------  ------- 
 1 - Receive Annual 
  Report and Accounts        202,795,650   99.73%    549,707     0.27%    1,562,234 
                            ------------  -------  -----------  -------  ---------- 
 2 - Approve Remuneration 
  Report                     183,106,055   89.47%   21,561,098   10.53%    240,438 
                            ------------  -------  -----------  -------  ---------- 
 3 - Elect Denise 
  Cockrem                    203,824,196   99.59%    847,073     0.41%     236,322 
                            ------------  -------  -----------  -------  ---------- 
 4 - Re-elect Dr 
  Simon Bourne               190,419,811   92.98%   14,373,794   7.02%     113,986 
                            ------------  -------  -----------  -------  ---------- 
 5 - Re-elect Martin 
  Green                      199,055,138   97.20%   5,738,554    2.80%     113,899 
                            ------------  -------  -----------  -------  ---------- 
 6 - Re-elect Dr 
  Rachel Smith               189,895,807   92.73%   14,897,798   7.27%     113,986 
                            ------------  -------  -----------  -------  ---------- 
 7 - Re-appoint 
  Grant Thornton 
  as auditors                198,413,051   96.88%   6,381,721    3.12%     112,819 
                            ------------  -------  -----------  -------  ---------- 
 8 - Directors determine 
  auditor remuneration       198,353,119   96.85%   6,447,760    3.15%     106,712 
                            ------------  -------  -----------  -------  ---------- 
 9 - Directors' 
  authority to allot 
  shares                     194,453,378   94.95%   10,346,781   5.05%     107,432 
                            ------------  -------  -----------  -------  ---------- 
 Special Resolution: 
                            ------------  -------  -----------  -------  ---------- 
 10 - Authority 
  to disapply pre-emption 
  rights                     195,313,522   95.39%   9,448,348    4.61%     145,721 
                            ------------  -------  -----------  -------  ---------- 
 11 - Adopt new 
  Articles of Association    184,239,684   89.98%   20,514,306   10.02%    153,601 
                            ------------  -------  -----------  -------  ----------

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

 
 ITM Power PLC                                (0)114 244 5111 
 James Collins, Head of Investor Relations 
  Andrew Allen, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                                 (0)20 7597 5970 
 Jeremy Ellis / Chris Sim / Ben Griffiths 
 
 Tavistock (Financial PR and IR)              (0)20 7920 3150 
 Simon Hudson / Tim Pearson

About ITM Power PLC:

ITM Power 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.

ITM Power operates from the world's largest operational electrolyser factory in Sheffield with a capacity planned to reach 1.5 GW (1,500 MW) per annum and has an ambition to grow capacity in line with demand to 5 GW per annum, supported by a GBP250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and Vitol among others.

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