28 June 2024
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
Result of AGM
Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, in conjunction with its revenue generating engineering consulting division (Engsolve), announces that at the Annual General Meeting of the Company held on 27 June 2024, all resolutions put to shareholders were duly passed.
All resolutions were decided on a poll.
The results of the votes are set out below:
| | FOR* | AGAINST |
| ||
| RESOLUTIONS | Votes | % of votes cast | Votes | % of votes cast | Abstain |
| Ordinary Resolution 1 | 182,924,555 | 99.32% | 1,257,327 | 0.68% | 816,016 |
| To receive the financial statements for the year ended 31 December 2023 together with Directors' Reports and the Auditors' Report | |||||
| Ordinary Resolution 2 | 180,703,543 | 98.80% | 2,202,120 | 1.20% | 2,902,235 |
| To approve the Remuneration Report | |||||
| Ordinary Resolution 3 | 178,355,509 | 97.10% | 5,325,878 | 2.90% | 1,316,511 |
| To reappoint Barnes Roffe LLP as audit and authorise the directors to fix their remuneration | |||||
| Ordinary Resolution 4 | 181,600,131 | 98.71% | 2,371,264 | 1.29% | 1,026,503 |
| To elect Ben Brier as a director of the Company | |||||
| Ordinary Resolution 5 | 177,875,047 | 96.56% | 6,340,382 | 3.44% | 782,469 |
| To re-elect Paul Emmitt as a director of the Company | |||||
| Ordinary Resolution 6 To re-elect Anthony Gale as a director of the Company | 176,946,644 | 96.05% | 7,268,785 | 3.95% | 782,469 |
| Ordinary Resolution 7 To authorise the directors to allot and issue equity securities | 174,862,855 | 95.87% | 7,535,129 | 4.13% | 2,599,914 |
| Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting | 137,609,048 | 75.15% | 45,503,899 | 24.85% | 1,884,951 |
| Special Resolution 9 To authorise the Company to make market purchases of its own shares. | 180,796,473 |
98.48% | 2,785,739 | 1.52% | 1,415,686 |
|
*Votes received for the resolutions includes votes allowing the Chairman's discretion. | |||||
-ENDS-
|
For more information, contact: | |
|
| |
| Powerhouse Energy Group Plc Paul Emmitt
| +44 (0) 203 368 6399 |
|
| |
| Strand Hanson Limited (Nominated & Financial Adviser) Ritchie Balmer James Harris Rob Patrick
| +44 (0) 207 409 3494 |
|
| |
| Turner Pope Investments (TPI) Ltd (Broker) Andrew Thacker James Pope
| +44 (0) 203 657 0050 |
|
| |
| Tavistock (Financial PR) Simon Hudson Nick Elwes Saskia Sizen |
|
About Powerhouse Energy Group plc
Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.
Powerhouse Energy's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.
Powerhouse Energy Group also incorporates Engsolve Ltd, which is a revenue generating business who offer Engineering Services across all sectors with speciality services in the development of new technologies and clean energy.
Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.
For more information see www.phegroup.com
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