Result of AGM

Powerhouse Energy Group PLC

07 September 2023

 

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

7 September 2023

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed. All resolutions were decided on a poll.

The results of the votes are set out below:

	FOR*		AGAINST
RESOLUTIONS	Votes	% of votes cast	Votes	% of votes cast	Abstain
Ordinary Resolution 1	586,797,374	99.86 %	842,976	0.14 %	96,699
To receive the financial statements for the year ended 31 December 2022 together with Directors' Reports and the Auditors' Report
Ordinary Resolution 2	582,660,671	99.42 %	3,389,586	0.58 %	1,686,792
To approve the Remuneration Report
Ordinary Resolution 3	584,279,650	99.73 %	1,565,176	0.27%	1,892,223
To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration
Ordinary Resolution 4	584,034,577	99.53%	2,759,937	0.47%	942,535
To re-elect Hugh McAlister as a director of the Company
Ordinary Resolution 5	584,055,218	99.49%	2,999,859	0.51%	681,972
To re-elect Paul Emmitt as a director of the Company
Ordinary Resolution 6 Withdrawn	N/A	N/A	N/A	N/A	N/A
Ordinary Resolution 7 To elect Antony Gardner-Hillman as a director of the Company	583,931,483	99.56%	2,602,405	0.44	1,203,161

Ordinary Resolution 8 To elect Antony Gale as a director of the Company	584,170,933	99.61%	2,288,336	0.39%	1,277,780
Ordinary Resolution 9 To elect David Hitchcock as a director of the Company	584,170,933	99.60%	2,362,955	0.40%	1,203,161
Ordinary Resolution 10 To elect Karol Kacprzak as a director of the Company	584,956,802	99.74%	1,536,039	0.26%	1,244,208
Ordinary Resolution 11 To authorise the directors to allot and issue equity securities	576,640,980	98.42%	9,268,180	1.58%	1,827,889
Special Resolution 12 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting	548,202,399	93.58%	37,620,942	6.42%	1,913,708
Special Resolution 13 To authorise the Company to make market purchases of its own shares.	585,456,565	99.79%	1,233,240	0.21%	1,047,244
Special Resolution 14 To adopt new Articles of Association of the Company.	584,337,729	99.63%	2,163,873	0.37%	1,235,447
*Votes received for the resolutions include votes allowing the Chairman's discretion.

-ENDS-

For more information, contact:

Powerhouse Energy Group Plc Antony Gardner-Hillman	[phone]
WH Ireland Limited (Nominated Adviser) James Joyce James Bavister	[phone]
Turner Pope Investments (TPI) Ltd (Joint Broker) Andrew Thacker James Pope	[phone]
Tavistock (Financial PR) Simon Hudson Nick Elwes Heather Armstrong	[e-mail]

About Powerhouse Energy Group plc

Powerhouse Energy has developed a proprietary process technology - DMG® - which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, and other industrial products may be derived. Powerhouse's technology is one of the world's first proven, "distributable modular generation", energy from waste processes.

Powerhouse's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

Powerhouse is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.

For more information see www.powerhouseenergy.co.uk

 

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