Result of AGM

RNS Number : 7863G

Quadrise Fuels International PLC

27 November 2020

 

27 November 2020

Quadrise Fuels International plc

("Quadrise", or "Company")

 Result of Annual General Meeting

Quadrise Fuels International (AIM: QFI) announces that at its Annual General Meeting held earlier today ("AGM"), all resolutions proposed to the meeting were duly passed on a poll, save for resolution 6 that proposed the dis-application of pre-emption rights in the allotment of equity securities by the Company in certain restricted circumstances as set out in the Notice of AGM.

The total votes cast on each resolution were as follows:

Resolution	For	%	Against	%	Withheld
1	254,623,231	96.0%	10,635,763	4.0%	61,056,446
2	251,410,839	94.8%	10,922,724	5.2%	63,981,877
3	255,688,055	96.4%	8,953,809	3.6%	61,673,576
4	257,476,883	97.1%	1,455,743	2.9%	67,382,814
5	248,228,637	93.6%	6,380,138	6.4%	71,706,665
6	59,707,991	22.5%	263,428,848	77.5%	3,178,601

Note: 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" shown.

Commenting on the results of the AGM, Mike Kirk, Chairman of QFI, said:

"We are very grateful that so many of our shareholders were able to vote by proxy - because of the AGM being closed this year due to COVID-19 restrictions.  Whilst we are disappointed that resolution 6 was not passed, as that would have provided the Company with flexibility during 2021, this does not have any impact on the Company's ability to put any specific disapplication proposals to shareholders at a general meeting as appropriate. Whilst this would inevitably involve additional cost and time, may limit opportunities for the Company in limited circumstances and would have been best avoided, it will not change our strategic plans for the business in 2021.

We look forward to the imminent presentation and Q&A session with shareholders which will commence at 12.30pm today via Investor meeting Company."

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

Quadrise Fuels International Plc
Mike Kirk, Chairman	[phone]
Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc
Ben Jeynes	[phone]
Katy Birkin
Joint Brokers
Peel Hunt LLP Richard Crichton	[phone]
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs	[phone]
Fiona Conroy
Public & Investor Relations
FTI Consulting Ben Brewerton	[phone]
Ntobeko Chidavaenzi
Notes to Editors

QFI is the supplier of MSAR^® emulsion technology and fuels, a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tons per annum) in the global power generation, shipping, industrial and refining industries.

 

END

 

 

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