Last checked at 7 Dec 2017 07:00
7 December 2017
This announcement contains inside information
Ceres Power Holdings PLC
("Ceres Power" or the "Company")
Result of the Annual General Meeting
Ceres Power Holdings plc (AIM: CWR), is pleased to announce that at the Annual General Meeting of shareholders held yesterday, on 6 December 2017, at Viking House, Foundry Lane, Horsham, RH13 5PX, all resolutions were duly passed.
The results of the poll on the resolutions put at the Annual General Meeting were as follows:
| For/ discretionary (number/%) | Against (number/%) | Votes withheld (number) | Total votes cast exc. withheld (number) | % of issuedshare capital represented by the votes cast |
Ordinary Resolutions |
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1. To receive and consider the accounts of the Company for the financial year ended 30 June 2017, together with the reports of the Directors of the Company and auditor of the Company on those accounts. | 729,181,108 99.13% | 6,403,186 0.87% | 64,027 | 735,584,294 | 72.48% |
2. To re-appoint KPMG LLP as auditor of the Company and to authorise the Board, through the Audit Committee, to fix their remuneration. | 723,659,601 98.37% | 11,972,648 1.63% | 16,072 | 735,632,249 | 72.49% |
3. To re-elect Mr Aidan Hughes, who is retiring by rotation, as a Director of the Company. | 735,617,684 100.00% | 21,018 0.00% | 9,619 | 735,638,702 | 72.49% |
4. To re-elect Mr Philip Caldwell, who is retiring by rotation, as a Director of the Company. | 735,374,446 100.00% | 21,018 0.00% | 252,857 | 735,395,464 | 72.46% |
5. To re-elect Dr Mike Lloyd, who is retiring by rotation, as a Director of the Company. | 726,955,224 99.24% | 5,572,104 0.76% | 3,120,993 | 732,527,328 | 72.18% |
6. To authorise the Directors to allot certain shares pursuant to section 551 of the Companies Act 2006. | 735,152,371 99.98% | 162,759 0.02% | 333,191 | 735,315,130 | 72.46% |
Special Resolution |
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7. To authorise the Directors to allot shares without the application of statutory pre-emption rights in certain instances pursuant to sections 570 and 573 of the Companies Act 2006. | 725,871,595 98.69% | 9,660,663 1.31% | 116,063 | 735,532,258 | 72.48% |
For further information please contact:
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Ceres Power Holdings plc Dan Caesar |
| Tel: +44 (0)1403 273 463 | ||||
Zeus Capital (Nominated Adviser and Broker) Giles Balleny /Andrew Jones/Hugh Kingsmill Moore |
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Tel: +44 (0) 20 3829 5000 | ||||
Berenberg (Joint Broker) Ben Wright / Mark Whitmore / Laure Fine |
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Tel: +44 (0) 203 207 7800 | ||||
Powerscourt Peter Ogden/Andy Jones |
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Tel: +44 (0) 20 7250 1446 | ||||
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Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented Steel Cell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.
Ceres Power offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners.