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10 Mar 2023 15:07
10 March 2023
LEI: 213800IE1PPREDIIZB62
ATRATO ONSITE ENERGY PLC
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
Following the Annual General Meeting ("AGM") of the Company held earlier today, the Board is pleased to announce that all resolutions, as set out in the Notice of AGM to shareholders dated 27 January 2023, were passed on a poll. Resolutions 1 to 10 and 15 were proposed as Ordinary Resolutions and Resolutions 11 to 14 (inclusive) as Special Resolutions.
The results of the poll were as follows:
Resolution | In favour | Against | Votes Withheld
| ||
Votes | % | Votes | % | ||
1. To receive 2022 Annual Report | 97,842,459 | 100.00% | - | 0.00% | - |
2. To approve Directors' remuneration report | 97,832,834 | 99.99% | 8,692 | 0.01% | 933 |
3. To approve Directors' remuneration policy | 93,394,157 | 95.45% | 4,447,369 | 4.55% | 933 |
4. To approve dividend policy | 97,842,459 | 100.00% | - | 0.00% | - |
5. To elect Juliet Davenport | 96,944,445 | 99.08% | 895,767 | 0.92% | 2,247 |
6. To elect Marlene Wood | 96,937,732 | 99.08% | 901,831 | 0.92% | 2,896 |
7. To elect Faye Goss | 96,944,448 | 99.09% | 895,115 | 0.91% | 2,896 |
8. To appoint BDO LLP as Auditor | 97,838,242 | 100.00% | 2,051 | 0.00% | 2,166 |
9. To authorise Board to determine Auditor's remuneration | 97,836,961 | 100.00% | 2,680 | 0.00% | 2,818 |
10. Authority to allot shares | 97,828,306 | 99.99% | 8,501 | 0.01% | 5,652 |
11. Authority to disapply pre-emption rights | 97,820,816 | 99.98% | 15,988 | 0.02% | 5,655 |
12. Additional authority to disapply pre-emption rights | 94,575,526 | 96.67% | 3,261,930 | 3.33% | 5,003 |
13. Authority to purchase own ordinary shares | 94,584,708 | 96.68% | 3,252,748 | 3.32% | 5,003 |
14. Period of notice for general meetings | 97,778,440 | 99.94% | 63,370 | 0.06% | 649 |
15. To approve amendment to investment policy | 97,834,908 | 100.00% | 4,714 | 0.00% | 2,837 |
In accordance with Listing Rule 9.6.2, a copy of the full text of resolutions passed at the AGM, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENQUIRIES
Atrato Partners Limited +44 (0)77 9597 5560
Gurpreet Gujral
Christopher Fearon
Berenberg +44 (0)20 3207 7800
Gillian Martin
Ben Wright
Dan Gee-Summons
Kaso Legg Communications atrato@kl-communications.com
Charles Gorman +44 (0)20 3995 6673
Millie Steyn +44 (0)20 3995 6671
Notes to Editors
Atrato Onsite Energy plc (LSE: ROOF) is an investment company focused on clean energy generation, providing new renewable energy capacity with 100% carbon traceability to industrial and commercial counterparties. The Company focuses on UK commercial onsite solar, helping its corporate clients achieve net zero and reduce their energy bills. It raised £150 million in a significantly oversubscribed IPO in November 2021. Atrato Onsite Energy plc provides investors with attractive capital growth and secure, index-linked income, targeting a 5% dividend yield and a total shareholder return of 8 - 10%(1). Its shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 23 November 2021. Atrato Partners Limited is the Company's investment adviser.
Further information is available on the Company's website, www.atratoroof.com.
(1) The target dividend set out above is a target and is not a profit forecast. There can be no assurance that this target can or will be met. This target has been developed based upon assumptions with respect to future business decisions and conditions that are subject to change, including the Company's execution of its investment objective and strategies, as well as growth in the sector and markets in which the Company operates. As a result, the Company's actual results may vary from the targets set out above and those variations may be material. The target dividend yield reflects the IPO price of 100 pence per Ordinary Share.
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