AGM Statement

SIMEC Atlantis Energy Limited

18 July 2024

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

18 July 2024

Result of AGM

SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed.

All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution 8 to understand their reasoning.

The results of the votes are set out below:

	FOR*		AGAINST
RESOLUTIONS	Votes	% of votes cast	Votes	% of votes cast	Withheld**
Ordinary Resolution 1	270,827,984	100.00%	0	0.00%	1,000
To receive the financial statements for the year ended 31 December 2023 together with Directors' Reports and the Auditors' Report
Ordinary Resolution 2	235,459,318	87.14%	34,737,149	12.86%	632,517
To approve the Remuneration Report and Directors' fee
Ordinary Resolution 3	270,459,743	99.89%	300,000	0.11%	69,241
To reappoint Nexia Singapore PAC as audit
Ordinary Resolution 4	270,525,984	99.89%	300,000	0.11%	3,000
To set the remuneration of the auditors
Ordinary Resolution 5	235,541,570	87.15%	34,721,138	12.85%	566,276
To re-elect John Anthony Clifford Woodley as a director of the Company
Ordinary Resolution 6 To re-elect Simon Matthew Hirst as a director of the Company	269,962,008	99.89%	300,700	0.11%	566,276
Special Resolution 7 To authorise the directors to allot and issue equity securities	257,343,705	95.23%	12,896,916	4.77%	588,363
Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting	7,839,111	2.90%	262,319,356	97.10%	670,517
Special Resolution 9 To authorise the directors to grant options and awards under the Company's Share Plans	240,470,246	88.98%	29,770,375	11.02%	588,363
Special Resolution 10 To authorise the directors to make market purchases of own shares	253,901,589	93.76%	16,904,308	6.24%	23,087
*Votes received for the resolutions includes votes allowing the Chairman's discretion. ** A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.

As the date of the Annual General Meeting the Company had in issue 722,812,335 ordinary shares.

-ENDS-

For further information, please contact:

SAE Renewables Sean Parsons, Director of External Affair	[phone]
Strand Hanson Limited (Nominated and Financial Adviser) Richard Johnson Rory Murphy David Asquith	[phone]
Zeus Capital Limited (Broker) Louisa Waddell Simon Johnson	[phone]

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects. https://www.saerenewables.com/

 

END