Quadrise Fuels International PLC Result of AGM (7863G)
27 November 2020 - 11:13PM
UK Regulatory
TIDMQFI
RNS Number : 7863G
Quadrise Fuels International PLC
27 November 2020
27 November 2020
Quadrise Fuels International plc
("Quadrise", or "Company")
Result of Annual General Meeting
Quadrise Fuels International (AIM: QFI) announces that at its
Annual General Meeting held earlier today ("AGM"), all resolutions
proposed to the meeting were duly passed on a poll, save for
resolution 6 that proposed the dis-application of pre-emption
rights in the allotment of equity securities by the Company in
certain restricted circumstances as set out in the Notice of
AGM.
The total votes cast on each resolution were as follows:
Resolution For % Against % Withheld
1 254,623,231 96.0% 10,635,763 4.0% 61,056,446
------------ ------ ------------ ------ -----------
2 251,410,839 94.8% 10,922,724 5.2% 63,981,877
------------ ------ ------------ ------ -----------
3 255,688,055 96.4% 8,953,809 3.6% 61,673,576
------------ ------ ------------ ------ -----------
4 257,476,883 97.1% 1,455,743 2.9% 67,382,814
------------ ------ ------------ ------ -----------
5 248,228,637 93.6% 6,380,138 6.4% 71,706,665
------------ ------ ------------ ------ -----------
6 59,707,991 22.5% 263,428,848 77.5% 3,178,601
------------ ------ ------------ ------ -----------
Note: A vote "Withheld" is not a vote in law and is not counted
in the calculation of the proportion of the votes "For" and
"Against" shown.
Commenting on the results of the AGM, Mike Kirk, Chairman of
QFI, said:
"We are very grateful that so many of our shareholders were able
to vote by proxy - because of the AGM being closed this year due to
COVID-19 restrictions. Whilst we are disappointed that resolution 6
was not passed, as that would have provided the Company with
flexibility during 2021, this does not have any impact on the
Company's ability to put any specific disapplication proposals to
shareholders at a general meeting as appropriate. Whilst this would
inevitably involve additional cost and time, may limit
opportunities for the Company in limited circumstances and would
have been best avoided, it will not change our strategic plans for
the business in 2021.
We look forward to the imminent presentation and Q&A session
with shareholders which will commence at 12.30pm today via Investor
meeting Company."
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc
Ben Jeynes +44 (0)20 7397 8900
Katy Birkin
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs +44 (0)20 7408 4090
Fiona Conroy
Public & Investor Relations
FTI Consulting
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi
Notes to Editors
QFI is the supplier of MSAR(R) emulsion technology and fuels, a
low-cost alternative to heavy fuel oil (one of the world's largest
fuel markets, comprising over 450 million tons per annum) in the
global power generation, shipping, industrial and refining
industries.
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END
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