3 November 2022
AMTE POWER PLC
Result of general meeting
AMTE Power Plc (AIM: AMTE) ("AMTE Power" or the "Company"), a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, is pleased to announce that both resolutions put to its General Meeting held today were duly passed.
The votes cast are set out below:
|
| FOR | AGAINST |
| ORDINARY RESOLUTION | | |
|
To authorise the Directors to allot relevant securities in respect of the proposed convertible bond facility (the "Facility") announced on 17 October 2022
|
16,861,004 (99.88%) |
19,803 (0.12%) |
| SPECIAL RESOLUTION | | |
|
To enable the Directors to allot shares for cash in respect of the Facility, without first offering them to existing shareholders
|
16,860,374 (99.88%) |
20,259 (0.12%) |
A further announcement is expected shortly when AMTE Power enters into the legally binding contractual documentation relating to the Facility.
ENDS
Enquiries
| AMTE Power plc | Tel: +44 (0)1847 867 200 |
| Alan Hollis (Chief Executive Officer) | |
| James Hobson (Chief Financial Officer)
| |
| | |
| WH Ireland (NOMAD and Joint Broker) | Tel: +44 (0)207 220 1666 |
| Chris Fielding / James Bavister / Ben Good
| |
| | |
| Panmure Gordon (UK) Limited (Joint Broker) | Tel: +44 (0)207 886 2500 |
| John Prior / Harriette Johnson (Corporate Finance) James Sinclair-Ford Hugh Rich (Corporate Broking) | |
| | |
| Camarco (Financial PR) | Tel: +44 (0)20 3757 4992 |
| Ginny Pulbrook / Tom Huddart / Rosie Driscoll | |
Notes to Editors:
AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.
AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and will be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.
For further information visit the Company's website: www.amtepower.com
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