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9 Oct 2025 07:00
9 October 2025
ITM Power plc
("ITM Power" or the "Company")
Results of Annual General Meeting and Change of Auditor
ITM Power (AIM: ITM) 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 on Wednesday 8 October 2025.
Following a formal and competitive tender process overseen by the Audit Committee and the passing of resolutions 11 and 12 at the Company's Annual General Meeting held on 8 October 2025, the Board has approved the appointment of BDO LLP as the Company's auditor for the financial year ending 30 April 2026. The appointment is effective immediately.
The Board would like to thank Grant Thornton LLP (GT) for their service to the Company.
As previously announced on 8 July 2025, Denise Cockrem stepped down from the Board with Sir Warren East and John Howarth joining the Board as Non-Executive Directors with effect from yesterday.
The votes cast were as follows:
For | Against | Withheld | |||
| Votes | % | Votes | % |
|
Ordinary Resolutions: | |||||
1 - Annual Report and Accounts | 156,509,165 | 99.97% | 53,879 | 0.03% | 152,484 |
2 - Directors' Remuneration Report | 137,054,046 | 87.56% | 19,476,065 | 12.44% | 185,417 |
3 - Re-elect Dr Simon Bourne | 154,824,427 | 98.86% | 1,778,006 | 1.14% | 113,095 |
4 - Re-elect Sir Roger Bone | 134,926,546 | 86.25% | 21,502,258 | 13.75% | 286,724 |
5 - Re-elect Dennis Schulz | 149,298,913 | 95.34% | 7,291,249 | 4.66% | 125,366 |
6 - Re-elect Martin Green | 154,581,525 | 98.76% | 1,946,802 | 1.24% | 187,201 |
7 - Elect Amy Grey | 156,314,557 | 99.86% | 219,430 | 0.14% | 181,541 |
8 - Elect Matthias von Plotho | 148,704,910 | 95.01% | 7,808,288 | 4.99% | 202,330 |
9 - Elect John Howarth | 150,240,658 | 96.04% | 6,200,784 | 3.96% | 274,086 |
10 - Elect Sir Warren East | 156,212,184 | 99.80% | 312,754 | 0.20% | 190,590 |
11 - Auditor resignation (Grant Thornton) | 156,478,383 | 99.96% | 56,004 | 0.04% | 181,141 |
12 - Auditor appointment (BDO LLP) | 156,352,984 | 99.91% | 137,569 | 0.09% | 224,975 |
13 - Audit Committee to determine the auditors' remuneration | 156,294,816 | 99.81% | 291,566 | 0.19% | 129,146 |
14 - Directors' authority to allot shares | 155,736,412 | 99.56% | 681,363 | 0.44% | 297,753 |
Special Resolutions: | |||||
15 - General authority to disapply pre-emption rights | 155,834,828 | 99.57% | 678,969 | 0.43% | 201,731 |
16 - Authority to disapply pre-emption rights in connection with an acquisition or specified capital investment | 155,430,246 | 99.31% | 1,077,942 | 0.69% | 207,340 |
Notes:
1. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".
4. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.itm-power.com/investors/shareholder-documents
For further information, please visit www.itm-power.com or contact:
ITM Power plc |
| |
Justin Scarborough, Head of Investor Relations Huan Quayle, General Counsel and Company Secretary | +44 (0)114 244 5111 | |
Berenberg |
| |
Ciaran Walsh, Harry Nicholas
| +44 (0)20 3207 7800 | |
J.P. Morgan Cazenove |
| |
Richard Perelman, Charles Oakes | +44 (0) 20 7742 4000 | |
About ITM Power plc:
ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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