Mast Energy Developments PLC
(Incorporated in England and Wales)
(Registration Number: 12886458)
LEI :213800HFVHGJ9YGO9F71
Share code on the LSE: MAST
ISIN: GB00BMBSCV12
('MED' or 'the Company')
30 May 2024
Mast Energy Developments PLC
Results of Annual General Meeting
Mast Energy Developments PLC ("MED" or "the Company") the UK-based multi-asset operator in the rapidly growing Reserve Power market, announces the results of voting at its Annual General Meeting ("AGM") held today.
Proxies were received by shareholders holding 61.45% of the shares in MED (426,354,067 shares issued and outstanding). All Resolutions were carried.
The proxy voting details at the AGM are shown on the table below:
| Resolution #
| *Summary Resolution | Votes cast For & With Discretion | Votes cast Against | Votes Withheld | |||
| | | Number | % | Number | % | Number | |
| 1. | To receive and adopt the accounts and reports for the financial year ended 31 December 2023. |
261,871,936 |
99.96 |
113,885 |
0.04 |
0 | |
| 2. | To appoint Crowe UK LLP as auditors of the Company and to authorise the directors to determine their remuneration |
261,871,936 |
99.96 |
113,885 |
0.04 |
0 | |
| 3. | To re-elect Mr Dominic Traynor as a Director of the Company |
254,261,936
| 97.06 | 7,713,885 | 2.94 | 10,000 | |
| 4. | THAT the Directors be, and they are hereby generally and unconditionally authorised to exercise all powers of the Company to allot relevant securities
| 260,210,634 | 99.32 | 1,775,187 | 0.68 | 0 | |
| 5. | THAT the Directors be, and they are hereby empowered pursuant to Section 570 of the Act to allot equity securities |
260,200,634 |
99.32 |
1,785,187 |
0.68 |
0 | |
| * The full text of the Resolutions can be found on the Notice of AGM on the MED website at: https://med.energy/wp-content/uploads/2022/04/MED-2024-Notice-of-AGM-Final.pdf
| |||||||
ENDS
This announcement contains inside information for the purposes of the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please visit www.med.energy or contact:
| Pieter Krügel | Mast Energy Developments PLC | CEO | |
| Jon Belliss | +44 (0)20 7399 9425 | Novum Securities | Corporate Broker |
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