Plexus Holdings Plc Result of AGM (0953W)
21 December 2021 - 1:44AM
UK Regulatory
TIDMPOS
RNS Number : 0953W
Plexus Holdings Plc
20 December 2021
Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil
equipment & services
Plexus Holdings PLC ("Plexus" or "Company")
Result of AGM
Plexus Holdings PLC, the AIM quoted oil and gas engineering
services business, is pleased to announce that, at the Annual
General Meeting held earlier today, which was held as a closed
meeting as a result of the pandemic and at which the required
quorum was present, each of the resolutions ("Resolutions") set
forth in the Notice convening the meeting were passed. The Chairman
of the meeting demanded a poll of votes on all of the resolutions
proposed, each of which were passed by an excess of votes cast in
favour of the requisite majority.
Final results of proxy appointments received for the AGM in
advance of the meeting are set out below:
Resolution Total Votes Cast* %age in favour %age against
1. Accounts 71,582,032 100 0
------------------ --------------- -------------
2. Remuneration Report 71,581,032 99.99 0.01
------------------ --------------- -------------
3. Re-elect Ben van
Bilderbeek 71,268,339 100 0
------------------ --------------- -------------
4. Re-elect Craig Hendrie 71,563,432 100 0
------------------ --------------- -------------
5. Re-appoint Auditor 71,576,032 100 0
------------------ --------------- -------------
6. Auditor's Remuneration 71,581,846 100 0
------------------ --------------- -------------
7. Authority to Allot
Shares 71,564,712 100 0
------------------ --------------- -------------
8. Authority to Purchase
Shares 71,581,846 99.99 0.01
------------------ --------------- -------------
9. Authority for Pre-emption 71,563,712 99.99 0.01
------------------ --------------- -------------
*Includes the discretionary votes given to the chairman of the
meeting, but excludes abstentions.
ENDS
For further information please visit www.posgrip.com or
contact:
Ben van Bilderbeek Plexus Holdings PLC Tel: 020 7795 6890
Graham Stevens Plexus Holdings PLC Tel: 020 7795 6890
Derrick Lee Cenkos Securities Tel: 0131 220 9100
PLC
Isabel de Salis St Brides Partners Email: plexus@stbridespartners.co.uk
Ltd
Max Bennett St Brides Partners Email: plexus@stbridespartners.co.uk
Ltd
NOTES:
Plexus Holdings plc (AIM: POS) is an IP led company focussed on
establishing its patented leak-proof POS-GRIP(R) Technology in
wellhead and associated equipment as the go-to drilling and
production equipment for energy markets whilst making a genuine
contribution to the oil and gas industry's ESG and NetZero goals by
championing "through the BOP" (Blowout Preventer) products, and
lifetime leak-proof "HG"(R) metal-to-metal sealing systems. Having
protected the environment for many years through these
technological innovations, the Company was awarded the London Stock
Exchange's Green Economy Mark in July 2021 and continues to place
emphasis on its ability to reduce harmful methane emissions and
unnecessary maintenance and intervention costs.
Headquartered in Aberdeen, the Company has provided leak-free
wellhead performance in hundreds of wells worldwide and worked with
an array of blue-chip oil and gas company clients. As well as
generating direct revenues from securing orders for surface
production wellheads particularly in the UK and European North Sea
regions, the Company has several licencing/collaboration agreements
with major partners including FMC Technologies, which is a
subsidiary of TechnipFMC, and LLC Gusar in Russia. Furthermore, it
works closely with Cameron, a Schlumberger Group company Cameron
has a non-exclusive licence to use the POS-GRIP and "HG"
metal-to-metal seal method of wellhead engineering for the
development of conventional and unconventional oil and gas surface
wellheads, and Plexus entered into a Cooperation Agreement, which
enabled Plexus to return to the Jack-up Exploration (Adjustable)
Wellhead rental business for 'through the BOP' jack-up
applications, where Cameron will help to provide Plexus with sales
leads and market insight through a formal Sales Advisory Board.
.
Plexus' current suite of products and applications include: "HG"
wellheads, which combine POS-GRIP Technology with gas tight leak
free metal-to-metal sealing; the Python(R) subsea wellhead,
developed in a Joint Industry Project with several industry
leaders; the POS-SET(TM) Connector for the de-commissioning and
abandonment market; and Tersus-PCT, an innovative HP/HT tie back
connector product. Having proved the superior uniquely enabling
qualities of POS-GRIP Technology, Plexus is now also focused on
establishing its technology and equipment in other markets such as
Plug and Abandonment de-commissioning, carbon capture, gas storage,
hydrogen and geothermal where it can play an important role in
reducing harmful methane emission risks as operators strive to
deliver on ESG commitments and NetZero goals in a safe and
cost-effective way.
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END
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