Powerhouse Energy Group PLC Result of AGM (7679L)

TIDMPHE

RNS Number : 7679L

Powerhouse Energy Group PLC

07 September 2023

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

7 September 2023

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announces that at the Annual General Meeting of the Company held today, 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 
                         -------------------------  ----------------------- 
                                        % of votes               % of votes 
 RESOLUTIONS                 Votes       cast          Votes      cast         Abstain 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  1 
                         ------------  -----------  ----------  -----------  ---------- 
 To receive the 
  financial statements 
  for the year 
  ended 31 December 
  2022 together 
  with Directors' 
  Reports and the 
  Auditors' Report        586,797,374    99.86 %      842,976      0.14 %      96,699 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  2 
                         ------------  -----------  ----------  -----------  ---------- 
 To approve the 
  Remuneration 
  Report                  582,660,671    99.42 %     3,389,586     0.58 %     1,686,792 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  3 
                         ------------  -----------  ----------  -----------  ---------- 
 To reappoint 
  Jeffreys Henry 
  LLP as audit 
  and authorise 
  the directors 
  to fix their 
  remuneration            584,279,650    99.73 %     1,565,176     0.27%      1,892,223 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  4 
                         ------------  -----------  ----------  -----------  ---------- 
 To re-elect Hugh 
  McAlister as 
  a director of 
  the Company             584,034,577     99.53%     2,759,937     0.47%       942,535 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  5 
                         ------------  -----------  ----------  -----------  ---------- 
 To re-elect Paul 
  Emmitt as a director 
  of the Company          584,055,218     99.49%     2,999,859     0.51%       681,972 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  6 
  Withdrawn                   N/A          N/A          N/A         N/A          N/A 
                         ------------  -----------  ----------  -----------  ---------- 
 Ordinary Resolution 
  7 
  To elect Antony 
  Gardner-Hillman 
  as a director 
  of the Company          583,931,483     99.56%     2,602,405      0.44      1,203,161 
                         ------------  -----------  ----------  -----------  ---------- 
 
 
 Ordinary Resolution 
  8 
  To elect Antony 
  Gale as a director 
  of the Company             584,170,933   99.61%   2,288,336    0.39%   1,277,780 
 Ordinary Resolution 
  9 
  To elect David 
  Hitchcock as 
  a director of 
  the Company                584,170,933   99.60%   2,362,955    0.40%   1,203,161 
                            ------------  -------  -----------  ------  ---------- 
 Ordinary Resolution 
  10 
  To elect Karol 
  Kacprzak as a 
  director of the 
  Company                    584,956,802   99.74%   1,536,039    0.26%   1,244,208 
                            ------------  -------  -----------  ------  ---------- 
 Ordinary Resolution 
  11 
  To authorise 
  the directors 
  to allot and 
  issue equity 
  securities                 576,640,980   98.42%   9,268,180    1.58%   1,827,889 
                            ------------  -------  -----------  ------  ---------- 
 Special Resolution 
  12 
  To authorise 
  the directors 
  to dis-apply 
  pre-emption rights, 
  as set out in 
  the notice of 
  meeting                    548,202,399   93.58%   37,620,942   6.42%   1,913,708 
                            ------------  -------  -----------  ------  ---------- 
 Special Resolution 
  13 
  To authorise 
  the Company to 
  make market purchases 
  of its own shares.         585,456,565   99.79%   1,233,240    0.21%   1,047,244 
                            ------------  -------  -----------  ------  ---------- 
 Special Resolution 
  14 
  To adopt new 
  Articles of Association 
  of the Company.            584,337,729   99.63%   2,163,873    0.37%   1,235,447 
                            ------------  -------  -----------  ------  ---------- 
 
   *Votes received for the resolutions include votes allowing the 
   Chairman's discretion. 
 

-ENDS-

For more information, contact:

 
 Powerhouse Energy Group Plc 
  Antony Gardner-Hillman                          [phone] 
 WH Ireland Limited (Nominated Adviser) 
  James Joyce 
  James Bavister                                 [phone] 
 Turner Pope Investments (TPI) Ltd 
  (Joint Broker) 
  Andrew Thacker 
  James Pope                                     [phone] 
 Tavistock (Financial PR)                  [e-mail] 
  Simon Hudson 
  Nick Elwes 
  Heather Armstrong 
 

About Powerhouse Energy Group plc

Powerhouse Energy has developed a proprietary process technology - DMG(R) - 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, and other industrial products may be derived. Powerhouse's technology is one of the world's first proven, "distributable modular generation", energy from waste processes.

Powerhouse'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 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.powerhouseenergy.co.uk

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September 07, 2023 11:05 ET (15:05 GMT)