Powerhouse Enrgy Grp Result of AGM
September 30 2020 - 6:57AM
UK Regulatory
TIDMPHE
30 September 2020
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Result of AGM
Powerhouse Energy Group plc (AIM: PHE), the UK 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* AGAINST
RESOLUTIONS Votes % of votes Votes % of votes Abstain
cast 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 Resolution 1,185,373,542 86.03% 192,409,468 13.97% 52,873,149
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.
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 368 6399
David Ryan, Chief Executive Officer
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / Lydia Zychowska
Turner Pope Investments Ltd (Joint Broker) Tel: +44 (0) 203 657 0050
Andrew Thacker / Zoe Alexander
Ikon Associates (Media enquiries) Tel: +44 (0) 1483 271291
Adrian Shaw Mob: +44 (0) 7979 900733
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 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of GBP500,000 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 see www.powerhouseenergy.net
END
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