AMTE Power PLC Results of AGM (2410L)

TIDMAMTE

RNS Number : 2410L

AMTE Power PLC

29 December 2022

29 December 2022

AMTE POWER PLC

Result of AGM

AMTE Power plc ("AMTE Power" or the "Company"), a leading manufacturer of battery cells for specialist markets, announces that at its Annual General Meeting held earlier today all resolutions were passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolution 9 was passed as a Special Resolution. Voting on all resolutions at the Annual General Meeting was conducted by a poll and the results are as follows:

 
 
     Resolution                                 For        %     Against        %        Vote         Vote    Withheld 
                                                                                        total        total 
                                                                                                      as a 
                                                                                                      % of 
                                                                                                    issued 
                                                                                                   capital 
     To receive and adopt the Company 
     s annual report and audited 
     accounts 
     for the financial year ended 30 
 1   June 2022                            7,712,340   99.98%       1,240    0.02%   7,713,580       21.29%           0 
     To approve the directors' 
     remuneration 
 2   report                               6,699,967   99.83%      11,164    0.17%   6,711,131       18.52%   1,002,449 
     To re-elect Alan Hollis as a 
 3   director                             7,701,470   99.86%      10,849    0.14%   7,712,319       21.28%       1,261 
     To re-elect Anita Breslin as a 
 4   director                             7,702,710   99.88%       9,609    0.12%   7,712,319       21.28%       1,261 
     To re-elect Alyson Levett as a 
 5   director                             7,702,710   99.87%       9,782    0.13%   7,712,492       21.29%       1,088 
     To reappoint Saffery Champness LLP 
 6    as auditor                          7,696,057   99.86%      10,849    0.14%   7,706,906       21.27%       6,674 
     To authorise the directors to 
     agree 
 7   remuneration of auditors             7,704,921   99.89%       8,571    0.11%   7,713,492       21.29%          88 
     To authorise the directors to 
     allot 
 8   shares in the Company                6,704,766   86.92%   1,008,814   13.08%   7,713,580       21.29%           0 
     To disapply statutory pre-emption 
 9    rights                              6,701,226   86.88%   1,012,092   13.12%   7,713,318       21.29%         262 
 

For further information contact:

   AMTE Power plc               [phone] 

David Morgan (Chairman)

WH Ireland (NOMAD and Joint Broker) [phone]

Chris Fielding / James Bavister / Megan Liddell (Corporate Finance)

Fraser Marshall (Corporate Broking)

   Panmure Gordon (UK) Limited (Joint Broker)     [phone] 

John Prior / James Sinclair-Ford (Corporate Finance)

Hugh Rich (Corporate Broking)

Camarco (Financial PR) [phone] / 4981

Ginny Pulbrook / Rosie Driscoll

Notes to Editors:

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company was admitted to trading on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector.

AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford. AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and will be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.

For further information visit the Company's website: www.amtepower.com

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December 29, 2022 09:26 ET (14:26 GMT)