Last checked at 28 Oct 2022 18:00
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:
Ordinary Resolutions: | For | Against | Withheld | ||
Votes | % | Votes | % | ||
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: |
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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 |
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Investec Bank plc (Nominated Adviser and Broker) | (0)20 7597 5970 |
Jeremy Ellis / Chris Sim / Ben Griffiths |
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Tavistock (Financial PR and IR) | (0)20 7920 3150 |
Simon Hudson / Tim Pearson |
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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 £250m equity raise in Q4 2021. Partners include Linde, Shell, Snam, and Vitol among others.
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