9 October 2024
ITM Power PLC
("ITM Power" or the "Company")
Result of Annual General Meeting
ITM Power (AIM: ITM) announces that all resolutions put to shareholders were duly passed on a poll at the Company's Annual General Meeting, which took place at 2 Bessemer Park, Sheffield, S9 1DZ at 10:00 on Tuesday 8 October.
The votes cast were as follows:
| | For | Against | Withheld | ||
|
| Votes | % | Votes | % |
|
| Ordinary Resolutions: | | | | | |
| 1 - Annual Report and Accounts | 199,752,788 | 99.97% | 54,135 | 0.03% | 51,737 |
| 2 - Directors' Remuneration Report | 175,044,715 | 87.71% | 24,523,617 | 12.29% | 290,328 |
| 3 - Re-elect Andrew Allen | 192,424,194 | 96.35% | 7,283,398 | 3.65% | 151,068 |
| 4 - Re-elect Sir Roger Bone | 164,069,318 | 82.15% | 35,641,896 | 17.85% | 147,446 |
| 5 - Re-appoint Grant Thornton as auditors | 192,985,015 | 96.59% | 6,810,914 | 3.41% | 62,731 |
| 6 - Audit Committee to determine the auditors' remuneration | 199,653,038 | 99.92% | 158,469 | 0.08% | 47,153 |
| 7 - Directors' authority to allot shares | 198,089,581 | 99.16% | 1,673,541 | 0.84% | 95,538 |
| Special Resolutions: | | | | | |
| 8 - General authority to disapply pre-emption rights | 192,774,422 | 96.52% | 6,942,115 | 3.48% | 142,123 |
| 9 - Authority to disapply pre-emption rights in connection with an acquisition or specified capital investment | 186,828,334 | 93.54% | 12,892,615 | 6.46% | 137,711 |
Notes:
1. Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
2. Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".
4. The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.itm-power.com/investors/shareholder-documents
For further information, please visit www.itm-power.com or contact:
| ITM Power plc | |
| Justin Scarborough, Head of Investor Relations | +44 (0)114 551 1080 |
| | |
| Investec Bank plc (Nominated Adviser and Broker) | +44 (0)20 7597 5970 |
| James Rudd / Chris Sim / Ben Griffiths | |
About ITM Power plc:
ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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