Result of AGM

RNS Number : 8858C

Velocys PLC

23 June 2021

 

News release

Velocys plc

("Velocys" or "the Company")

23 June 2021

Results of Annual General Meeting

Velocys plc (VLS.L), the sustainable fuels technology company, announces that, at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed by means of a Poll.

Full details of the resolutions passed are set out in the Notice of Meeting which is available on the Company's website www.velocys.com .

Resolutions	For / Discretion		Against		Total	Vote withheld*
	Number	%	Number	%
1. To receive, consider and adopt the annual accounts of the Company as at 31 December 2020 and the Directors' and auditors' reports thereon	368,636,205	99.98	62,775	0.02	368,698,980	18,097,005
2.  To approve the Directors' Remuneration Report for the year ended 31 December 2020	386,146,027	99.89	430,540	0.11	386,576,567	219,418
3. To re-elect Philip Holland	386,525,679	99.94	246,099	0.06	386,771,778	24,207
4. To re-elect Henrik Wareborn	386,525,679	99.94	246,099	0.06	386,771,778	24,207
5. To re-elect Andrew Morris	386,525,679	99.94	246,099	0.06	386,771,778	24,207
6. To re-elect Sandy Shaw	386,275,679	99.87	496,099	0.13	386,771,778	24,207
7. To re-elect Darran Messem	386,275,493	99.87	496,099	0.13	386,771,592	24,393
8. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company	368,440,178	95.26	18,331,414	4.74	386,771,592	24,393
9. To authorise the Directors to fix the remuneration of the auditors	386,468,294	99.92	312,911	0.08	386,781,205	14,780
10. To approve the Rules of the Velocys plc 2021 Share Option Scheme	301,567,453	99.85	443,942	0.15	302,011,395	84,784,590
11. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company	386,206,759	99.86	558,437	0.14	386,765,196	30,789
12. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association	368,176,214	95.19	18,588,982	4.81	386,765,196	30,789
13. To authorise the Company to purchase its own shares	350,642,069	90.66	36,132,740	9.34	386,774,809	21,176

* 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

- Ends -

For further information, please contact: Velocys Henrik Wareborn, CEO Andrew Morris, CFO Lak Siriwardene, Head of Communications & Sustainability [phone] Panmure Gordon (UK) Limited (Nomad and Joint Broker) Hugh Rich (Corporate Broking) Emma Earl (Corporate Finance) John Prior (Corporate Finance) [phone] Shore Capital Stockbrokers Limited (Joint Broker) Henry Willcocks (Corporate Broking) Toby Gibbs (Corporate Advisory) Sarah Mather (Corporate Advisory) [phone] Radnor Capital (Investor Relations) Joshua Cryer Iain Daly [phone] Field Consulting (General PR) Rob Jeffery [phone] --Ends- Notes to Editors Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass. Velocys is at present developing two reference projects: one in Natchez, Mississippi, USA (incorporating Carbon Capture, Utilisation and Storage) and one in Immingham, UK, to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the Company acquired a US company based on complementary reactor technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.  www.velocys.com

 

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