Result of AGM

Powerhouse Energy Group PLC

28 June 2024

 

28 June 2024

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, in conjunction with its revenue generating engineering consulting division (Engsolve), announces that at the Annual General Meeting of the Company held on 27 June 2024, 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	182,924,555	99.32%	1,257,327	0.68%	816,016
To receive the financial statements for the year ended 31 December 2023 together with Directors' Reports and the Auditors' Report
Ordinary Resolution 2	180,703,543	98.80%	2,202,120	1.20%	2,902,235
To approve the Remuneration Report
Ordinary Resolution 3	178,355,509	97.10%	5,325,878	2.90%	1,316,511
To reappoint Barnes Roffe LLP as audit and authorise the directors to fix their remuneration
Ordinary Resolution 4	181,600,131	98.71%	2,371,264	1.29%	1,026,503
To elect Ben Brier as a director of the Company
Ordinary Resolution 5	177,875,047	96.56%	6,340,382	3.44%	782,469
To re-elect Paul Emmitt as a director of the Company

 

Ordinary Resolution 6 To re-elect Anthony Gale as a director of the Company	176,946,644	96.05%	7,268,785	3.95%	782,469
Ordinary Resolution 7 To authorise the directors to allot and issue equity securities	174,862,855	95.87%	7,535,129	4.13%	2,599,914
Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting	137,609,048	75.15%	45,503,899	24.85%	1,884,951
Special Resolution 9 To authorise the Company to make market purchases of its own shares.	180,796,473	98.48%	2,785,739	1.52%	1,415,686
*Votes received for the resolutions includes votes allowing the Chairman's discretion.

-ENDS-

For more information, contact:
Powerhouse Energy Group Plc Paul Emmitt	[phone]
Strand Hanson Limited (Nominated & Financial Adviser) Ritchie Balmer James Harris Rob Patrick	[phone]
Turner Pope Investments (TPI) Ltd (Broker) Andrew Thacker James Pope	[phone]
Tavistock (Financial PR) Simon Hudson Nick Elwes Saskia Sizen	[e-mail]

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology 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, heat and other industrial products may be derived.

Powerhouse Energy'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 Energy Group also incorporates Engsolve Ltd, which is a revenue generating business who offer Engineering Services across all sectors with speciality services in the development of new technologies and clean energy.

Powerhouse Energy 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.phegroup.com

 

END