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Ceres Power Holdings (CWR)

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Wednesday 04 December, 2019

Ceres Power Holdings

Result of AGM

RNS Number : 7122V
Ceres Power Holdings plc
04 December 2019
 

4 December 2019

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Result of the Annual General Meeting

Ceres Power Holdings plc (AIM: CWR) is pleased to announce that at the Annual General Meeting of shareholders held earlier today at 3 Gatton Park Business Centre, Wells Place, Merstham, Redhill, RH1 3DR, all resolutions were duly passed.

The results of the proxy vote on the resolutions put at the Annual General Meeting were as follows:


For and discretionary Number

(%)

Against

Number (%)

Votes withheld Number

Total votes cast exc. withheld Number

% of issued
share capital represented by the votes cast

Ordinary Resolutions






1.   To receive and consider the accounts of the Company for the financial year ended 30 June 2019, together with the reports of the Directors of the Company and auditor of the Company on those accounts.

 

110,020,415 (99.27%)

 

804,640

(0.73%)

7

 

110,825,055

 

 

72.02%

 

 

2.   To appoint BDO LLP as auditor of the Company and to authorise the Board, through the Audit Committee, to fix their remuneration.

110,817,987

(100%)

1,531

(0%)

5,544

 

110,819,518

 

72.02%

 

3.   To elect Dr Haoran Hu as a Director of the Company.

103,525,532

(93.42%)

7,296,378

(6.58%)

3,152

 

110,821,910

 

72.02%

 

4.   To re-elect Mr Philip Caldwell, who is retiring by rotation, as a Director of the Company.

110,769,210

(99.97%)

34,019

(0.03%)

21,833

 

110,803,229

 

72.01%

 

5.   To re-elect Mr Stephen Callaghan, who is retiring by rotation, as a Director of the Company.

109,896,135

(99.97%)

34,019

(0.03%)

894,908

 

109,930,154

 

71.44%

 

6.   To re-elect Mr Aidan Hughes, who is retiring by rotation, as a Director of the Company.

110,769,210

(99.97%)

34,019

(0.03%)

21,833

 

110,803,229

 

72.01%

 

7.   To re-elect Mr Robert Trezona, who is retiring by rotation, as a Director of the Company.

109,877,640

(99.16%)

925,589

(0.84%)

21,833

 

110,803,229

 

72.01%

 

8.   To authorise the Directors to allot certain shares pursuant to section 551 of the Companies Act 2006.

110,759,964

(99.94%)

63,045

(0.06%)

2,053

 

110,823,009

 

72.02%

 



 

Special Resolution






9.   To authorise the Directors to allot shares without the application of statutory pre-emption rights in certain instances pursuant to sections 570 and 573 of the Companies Act 2006.

108,919,662

(98.31%)

1,872,581

(1.69%)

32,819

 

110,792,243

 

72.0%

 



For further information please contact:

 



 

Ceres Power Holdings plc

Richard Preston


Tel: +44 (0)1403 273 463

 

Investec Bank PLC (NOMAD & Joint Broker)

Jeremy Ellis / Patrick Robb


 

Tel: +44 (0)207 597 5970

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore


 

Tel: +44 (0) 203 207 7800

 

Powerscourt (Financial PR)

Peter Ogden / James White


 

Tel: +44 (0) 20 7250 1446




 

 

Notes to Editors:

 

About Ceres Power

Ceres Power (http://www.cerespower.com) is a world-leading developer of low cost, next generation solid oxide fuel cell ("SOFC") technology. Its asset-light licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.  Ceres Power is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

 


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