Last checked at 23 Jun 2015 17:31
REACT Energy plc
("REACT" or the "Company")
Result of Reconvened Annual General Meeting
REACT the renewable energy developer and operator focusing on the production of clean energy in the UK and Ireland, announces that at the reconvened annual general meeting ("AGM"), held today, all resolutions put to shareholders were duly passed.
Reconvened General Meeting
The Resolutions that were passed are as follows:-
Ordinary Business
1. To receive and consider the Directors' Report and the Audited Accounts for the year ended 30 June 2014 together with the Auditors' Report thereon.*
2. To re-elect Dermot O'Connell as a Director.
3. To re-appoint Grant Thornton as Auditors of the Company and to authorise the Directors to agree the remuneration of the Auditors.
Special Business
4.1 Pursuant to section 192 (6) of the Companies Act, 2014 to amend the footnote to Resolution 1 proposed at the originally convened Annual General Meeting by deleting the wording 'Section 159 (3) of the Companies Act, 1963' and replacing it with 'Section 338(3) of the Companies Act, 2014.
4.2 Pursuant to section 192(6) of the Companies Act, 2014 to amend Resolution 4 proposed at the originally convened Annual General Meeting.
4.3 Pursuant to section 192(6) of the Companies Act, 2014 to amend Resolution 5 proposed at the originally convened Annual General Meeting.
5. To authorise the Directors to exercise all powers of the Company to allot and issue relevant securities.
6. To empower the Directors to allot equity securities for cash as if sub-section (1) of section 23 of the Companies (Amendment) Act 1983 did not apply.
* Copies of the directors' and auditors' reports were produced at the meeting and, in accordance with Section 338 (3) of the Companies Act 2014, were deemed to have been duly sent to the members as agreed to by all the members entitled to attend and vote at the meeting.
For further information:
REACT Energy plc | +353 (0)21 2409 056 |
Gerry Madden / Brendan Halpin | |
Shore Capital - Nomad & Broker | +44 (0)20 7408 4090 |
Pascal Keane / Anita Ghanekar | |
About REACT:
REACT Energy plc is committed to operating clean electricity and heat generation plants in the UK and Ireland. The Company identifies, builds owns and operates plants and possesses significant knowledge of energy markets, clean technologies, fuel sources, project development, project finance and project delivery. REACT currently has four operational clean energy plants generating revenue from the sale of electricity and heat. The generation of clean electricity and heat from sustainable sources has the potential to address the key energy challenges of energy security and carbon commitment and provide strong returns on capital employed.
The company is listed on AIM and trades as REAC.www.reactenergyplc.com