Results of Annual General Meeting

Velocys PLC

28 June 2023

 

News release

Velocys plc

("Velocys" or "the Company")

28 June 2023

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 2022 and the Directors' and auditors' reports thereon	681,397,304	99.93	470,810	0.07	681,868,114	144,467
2.  To approve by way of an advisory vote the Directors' Remuneration Report for the year ended 31 December 2022	539,558,962	93.75	35,971,806	6.25	575,530,768	106,481,813
3. To re-elect Philip Holland	680,656,978	99.89	770,852	0.11	681,427,830	584,751
4. To re-elect Henrik Wareborn	680,656,978	99.89	770,852	0.11	681,427,830	584,751
5. To re-elect Darran Messem	680,656,978	99.89	770,852	0.11	681,427,830	584,751
6. To re-elect Ann Markey	680,817,192	99.91	610,638	0.09	681,427,830	584,751
7. To re-elect Tom Quigley	680,656,978	99.89	757,068	0.11	681,414,046	598,535
8. To elect Philip Sanderson	680,703,344	99.89	754,486	0.11	681,457,830	554,751
9. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company	649,763,872	95.33	31,799,707	4.67	681,563,579	449,002
10. To authorise the Directors to fix the remuneration of the auditors	681,342,842	99.92	525,272	0.08	681,868,114	144,467
11. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company	680,577,423	99.81	1,290,651	0.19	681,868,074	144,507
12. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association	648,948,195	95.21	32,659,651	4.79	681,607,846	404,735
13. To authorise the Company to purchase its own shares	649,873,045	95.33	31,810,069	4.67	681,683,114	329,467

* '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.

For further information, please contact: Velocys Henrik Wareborn, CEO Philip Sanderson, CFO [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) James Thomas (Corporate Advisory) [phone] Radnor Capital (Investor Relations) Joshua Cryer Iain Daly [phone] Buchanan (Financial PR) Helen Tarbet Simon Compton [phone] Notes to Editors Velocys is an LSE-listed, international sustainable fuels technology company, traded on the AIM, providing customers with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials. Synthetic fuel is the only commercially available, permanent alternative to fossil aviation fuels. The Velocys technology is IP-protected in all major jurisdictions. Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to accelerate the adoption and standardise the Velocys proprietary Fischer Tropsch (FT) technology with an integrated end to end solution, including renewable power and carbon sequestration. Velocys is enabling commercial scale synthetic fuel production in response to the clean energy transition, with significant additional positive air quality impacts.

 

END