Result of AGM

RNS Number : 1878B

Velocys PLC

14 June 2016

 

News release

Velocys plc

("Velocys" or "the Company")

14 June 2016

Results of Annual General Meeting

Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), announces the results of its Annual General Meeting held earlier today.

All resolutions put to shareholders were duly passed, with the exception of special resolution 17 (amendment to Article 92 of the Articles). Details of the results of the voting (voted by way of a poll) including the proxy votes lodged with the Company's registrars are as follows:

	Votes
Resolution	For	% For	Against	% Against	Withheld	Total
1	102,519,705	93.23	7,442,091	6.77	0	109,961,796
2	79,753,720	100.00	70	0.00	30,208,006	109,961,796
3	79,753,720	100.00	70	0.00	30,208,006	109,961,796
4	109,959,463	100.00	70	0.00	2,263	109,961,796
5	108,381,187	98.56	1,578,346	1.44	2,263	109,961,796
6	109,959,463	100.00	70	0.00	2,263	109,961,796
7	79,753,720	100.00	70	0.00	30,208,006	109,961,796
8	78,175,444	98.02	1,578,346	1.98	30,208,006	109,961,796
9	78,175,444	98.02	1,578,346	1.98	30,208,006	109,961,796
10	79,753,720	100.00	70	0.00	30,208,006	109,961,796
11	109,232,526	100.00	70	0.00	729,200	109,961,796
12	109,961,626	100.00	70	0.00	100	109,961,796
13	109,958,132	100.00	569	0.00	3,095	109,961,796
14	106,263,036	96.64	3,698,065	3.36	695	109,961,796
15	79,023,788	99.09	729,170	0.91	30,208,838	109,961,796
16	78,945,626	100.00	3,128	0.00	31,013,042	109,961,796
17	79,750,226	72.53	30,206,707	27.47	4,863	109,961,796

- Ends -

For further information, please contact:

Velocys David Pummell, CEO Susan Robertson, CFO	[phone]
Numis Securities (Nomad and Broker) Alex Ham - Corporate Broking Stuart Skinner / Jamie Lillywhite - Nominated Adviser	[phone]
Camarco (financial communications & PR) Billy Clegg / Georgia Mann	[phone]

Notes to editors

About Velocys

Velocys is the company at the forefront of smaller scale gas-to-liquids (GTL) that turns natural gas or biomass into premium products such as diesel, jet fuel, waxes and base oils. Smaller scale GTL adds value to shale gas and bio-waste, and makes stranded or flared gas economic - an untapped market of up to 25 million barrels per day.

Velocys technology, protected by several hundred patents in over 30 countries, is specifically designed for smaller scales, combining super-active catalysts with intensified reactor systems. The Company's standardised modular plants are easier to ship and faster to install, at lower risk, even in the most remote or challenging locations. Together with world-class partners, Velocys works flexibly to unlock gas resources of 15,000 to 150,000 mmbtu per day, allowing more companies to take advantage of more opportunities.

Velocys plc is listed on the AIM market of the London Stock Exchange (LSE: VLS). The Company is well capitalised and has a multi-disciplinary staff of around 100 operating from its commercial centre in Houston, Texas, USA and technical facilities near Oxford, UK and Columbus, Ohio, USA. Its commercial reference plant, which will be located adjacent to Waste Management's East Oak landfill site, is expected to reach mechanical completion in mid-year 2016.

www.velocys.com

Think Smaller™. Velocys is changing the way fuels are made.

 

END

 

 

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