RNS Number : 2410L
AMTE Power PLC
29 December 2022
 

29 December 2022

Logo Description automatically generated

 

AMTE POWER PLC

Result of AGM

 

AMTE Power plc ("AMTE Power" or the "Company"), a leading manufacturer of battery cells for specialist markets, announces that at its Annual General Meeting held earlier today all resolutions were passed. 

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolution 9 was passed as a Special Resolution. Voting on all resolutions at the Annual General Meeting was conducted by a poll and the results are as follows:












Resolution

For

%

Against

%

Vote total

 

Vote total as a % of issued capital

Withheld

1

To receive and adopt the Companyʼs annual report and audited accounts for the financial year ended 30 June 2022

7,712,340

99.98%

1,240

0.02%

7,713,580


21.29%

0

2

To approve the directors' remuneration report

6,699,967

99.83%

11,164

0.17%

6,711,131


18.52%

1,002,449

3

To re-elect Alan Hollis as a director

7,701,470

99.86%

10,849

0.14%

7,712,319


21.28%

1,261

4

To re-elect Anita Breslin as a director

7,702,710

99.88%

9,609

0.12%

7,712,319


21.28%

1,261

5

To re-elect Alyson Levett as a director

7,702,710

99.87%

9,782

0.13%

7,712,492


21.29%

1,088

6

To reappoint Saffery Champness LLP as auditor

7,696,057

99.86%

10,849

0.14%

7,706,906


21.27%

6,674

7

To authorise the directors to agree remuneration of auditors

7,704,921

99.89%

8,571

0.11%

7,713,492


21.29%

88

8

To authorise the directors to allot shares in the Company

6,704,766

86.92%

1,008,814

13.08%

7,713,580


21.29%

0

9

To disapply statutory pre-emption rights

6,701,226

86.88%

1,012,092

13.12%

7,713,318


21.29%

262

 

For further information contact:

AMTE Power plc               +44 (0)1847 867 200

David Morgan (Chairman)                           

WH Ireland (NOMAD and Joint Broker) +44 (0)207 220 1666

Chris Fielding / James Bavister / Megan Liddell (Corporate Finance)        

Fraser Marshall (Corporate Broking)       

Panmure Gordon (UK) Limited (Joint Broker)     +44 (0)207 886 2500

John Prior / James Sinclair-Ford (Corporate Finance)      

Hugh Rich (Corporate Broking)                  

Camarco (Financial PR) +44 (0)203 757 4992 / 4981

Ginny Pulbrook / 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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