Results of AGM

RNS Number : 2410L

AMTE Power PLC

29 December 2022

 

29 December 2022

AMTE POWER PLC

Result of AGM

AMTE Power plc ("AMTE Power" or the "Company"), a leading manufacturer of battery cells for specialist markets, announces that at its Annual General Meeting held earlier today all resolutions were passed. 

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolution 9 was passed as a Special Resolution. Voting on all resolutions at the Annual General Meeting was conducted by a poll and the results are as follows:

	Resolution	For	%	Against	%	Vote total		Vote total as a % of issued capital	Withheld
1	To receive and adopt the Companyʼs annual report and audited accounts for the financial year ended 30 June 2022	7,712,340	99.98%	1,240	0.02%	7,713,580		21.29%	0
2	To approve the directors' remuneration report	6,699,967	99.83%	11,164	0.17%	6,711,131		18.52%	1,002,449
3	To re-elect Alan Hollis as a director	7,701,470	99.86%	10,849	0.14%	7,712,319		21.28%	1,261
4	To re-elect Anita Breslin as a director	7,702,710	99.88%	9,609	0.12%	7,712,319		21.28%	1,261
5	To re-elect Alyson Levett as a director	7,702,710	99.87%	9,782	0.13%	7,712,492		21.29%	1,088
6	To reappoint Saffery Champness LLP as auditor	7,696,057	99.86%	10,849	0.14%	7,706,906		21.27%	6,674
7	To authorise the directors to agree remuneration of auditors	7,704,921	99.89%	8,571	0.11%	7,713,492		21.29%	88
8	To authorise the directors to allot shares in the Company	6,704,766	86.92%	1,008,814	13.08%	7,713,580		21.29%	0
9	To disapply statutory pre-emption rights	6,701,226	86.88%	1,012,092	13.12%	7,713,318		21.29%	262

For further information contact:

AMTE Power plc  [phone]

David Morgan (Chairman)   

WH Ireland (NOMAD and Joint Broker) [phone]

Chris Fielding / James Bavister / Megan Liddell (Corporate Finance) 

Fraser Marshall (Corporate Broking) 

Panmure Gordon (UK) Limited (Joint Broker)  [phone]

John Prior / James Sinclair-Ford (Corporate Finance) 

Hugh Rich (Corporate Broking)   

Camarco (Financial PR) [phone] / 4981

Ginny Pulbrook / Rosie Driscoll 

Notes to Editors:

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.

AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and will be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.

For further information visit the Company's website:  www.amtepower.com

 

END

 

 

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