RNS Number : 3231U
Powerhouse Energy Group PLC
28 June 2024
 

 

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

powerhouse@tavistock.co.uk 

 

 

 

 

 

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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