Result of AGM and Directorate Update

RNS Number : 8678F

Powerhouse Energy Group PLC

09 November 2022

 

9 November 2022

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Result of AGM and Directorate Update

Powerhouse Energy Group plc (AIM: PHE),  a company pioneering integrated technology which 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.

The results of the votes are set out below:

	FOR*		AGAINST
RESOLUTIONS	Votes	% of votes cast	Votes	% of votes cast	Abstain
Ordinary Resolution 1	217,576,010	100.00%	4,000	0.00%	396,627
To receive the financial statements for the year ended 31 December 2021 together with Directors' Reports and the Auditors' Report
Ordinary Resolution 2	215,268,564	99.72%	601,133	0.28%	2,106,940
To approve the Remuneration Report
Ordinary Resolution 3	214,504,144	99.35%	1,406,195	0.65%	2,066,298
To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration
Ordinary Resolution 4	202,850,308	99.14%	1,761,434	0.86%	13,364,895
To re-elect Keith Riley as a director of the Company
Ordinary Resolution 5	214,643,579	99.82%	385,573	0.18%	2,947,485
To re-elect Paul Emmitt as a director of the Company
Ordinary Resolution 6 To re-appoint Hugh McAlister as a director of the Company	201,725,979	93.55%	13,903,173	6.45%	2,347,485
Ordinary Resolution 7 To authorise the directors to allot and issue equity securities	209,081,684	96.31%	8,004,467	3.69%	890,486
Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting	198,601,608	91.46%	18,554,877	8.54%	820,152
*Votes received for the resolutions includes votes allowing the Chairman's discretion.

As announced on 15 August 2022, Non-executive Directors Myles Kitcher and Gill Weeks did not offer themselves for re-election at today's AGM and have stepped down from the Powerhouse board with immediate effect. The Company intends to make further appointments in due course.

-ENDS-

For more information, contact: 

Powerhouse Energy Group plc	via Tavistock
Keith Riley
WH Ireland Limited (Nominated Adviser)	[phone]
James Joyce and Enzo Aliaj
Turner Pope Investments (TPI) Ltd (Joint Broker)	[phone]
Andrew Thacker and James Pope
Tavistock Communications (Financial PR)	[phone]
Simon Hudson, Nick Elwes, Heather Armstrong	[e-mail]

Notes to Editors:

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 is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.co.uk

 

END

 

 

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