Ceres Power Holdings plc AGM Statement (2189I)

TIDMCWR

RNS Number : 2189I

Ceres Power Holdings plc

10 December 2020

10 December 2020

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Result of the Annual General Meeting

Ceres Power Holdings plc (AIM: CWR) is pleased to announce that at the Annual General Meeting of shareholders held earlier today at the offices of DAC Beachcroft LLP, 25 Walbrook, London EC4N 8AF , all resolutions were duly passed.

The results of the proxy vote on the resolutions put at the Annual General Meeting were as follows:

 
                                       For and        Against       Votes     Total votes   % of issued 
                                     discretionary     Number      withheld    cast exc.        share 
                                        Number           (%)        Number      withheld       capital 
                                          (%)                                    Number      represented 
                                                                                               by the 
                                                                                             votes cast 
            Ordinary Resolutions 
                                   ---------------  -----------  ----------  ------------  ------------- 
 1. To re-appoint BDO LLP 
  as auditor of the Company, 
  to hold office until the 
  conclusion of the next 
  Annual General Meeting 
  and to authorise the Board, 
  through the Audit Committee, 
  to fix their remuneration.                         17,360.740   4,516,957   109,341,419 
                                      91,980,679 
                                        (84.12%)      (15.88%)                                 63.78% 
                                   ---------------  -----------  ----------  ------------  ------------- 
 2. To elect Mr Warren 
  Finegold who will stand 
  for election as a Director 
  of the Company.                    111,677,129     2,163,589     17,658     113,840,718      66.41% 
                                       (98.10%)        (1.90%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 3. To elect Mr Uwe Glock 
  who will stand for election 
  as a Director of the Company.      106,624,702     7,214,817     18,857     113,839,519      66.41% 
                                       (93.66%)        (6.34%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 4. To elect Mr Qinggui 
  Hao who will stand for 
  election as a Director 
  of the Company.                    106,621,652     7,217,867     18,857     113,839,519      66.41% 
                                       (93.66%)        (6.34%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 5. To re-elect Mr Stephen 
  Callaghan, who is retiring 
  by rotation, as a Director 
  of the Company.                    111,203,611     2,650,751      4,014     113,854,362      66.41% 
                                       (97.67%)        (2.33%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 6. To re-elect Ms Caroline 
  Hargrove, who is retiring 
  by rotation, as a Director 
  of the Company.                    112,436,642      501,376      920,358    112,938,018      65.88% 
                                       (99.56%)        (0.44%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 7. To re-elect Mr Richard 
  Preston, who is retiring 
  by rotation, as a Director 
  of the Company.                    107,125,554     6,728,808      4,014     113,854,362      66.41% 
                                       (94.09%)        (5.91%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 8. To authorise the Directors 
  to allot certain shares 
  pursuant to section 551 
  of the Companies Act 2006.         102,311,292     10,422,869   1,124,215   112,734,161      65.76% 
                                       (90.75%)        (9.25%) 
                                   ---------------  -----------  ----------  ------------  ------------- 
 
 
            Special Resolution 
 9. To authorise the Directors 
  to allot shares without 
  the application of statutory 
  pre-emption rights in 
  certain instances pursuant 
  to sections 570 and 573 
  of the Companies Act 2006.          106,125,140   6,586,917    1,146,319   112,712,057   65.75% 
                                        (94.16%)      (5.84%) 
                                     ------------  -----------  ----------  ------------  ------- 
 10. That the New Articles 
  be approved and adopted 
  in substitution for, and 
  to the exclusion of, the 
  existing Articles of Association 
  of the Company.                     98,782,935    15,028,798    46,643     113,811,733   66.39% 
                                        (86.80%)     (13.20%) 
                                     ------------  -----------  ----------  ------------  ------- 
 

For further information please contact:

 
 
 Ceres Power Holdings plc                         Tel: [phone] 
  Richard Preston                                  463 
 
   Investec Bank PLC (NOMAD & Joint                 Tel: [phone] 
   Broker)                                          5970 
   Jeremy Ellis / Patrick Robb 
 
   Berenberg (Joint Broker)                         Tel: [phone] 
   Ben Wright / Mark Whitmore                       7800 
 
   Powerscourt (Financial PR)                       Tel: [phone] 
   Peter Ogden / James White                        1446 
 
 
 

Notes to Editors:

About Ceres Power

Ceres Power ( http://www.cerespower.com ) is a world-leading developer of low cost, next generation solid oxide fuel cell ("SOFC") technology. Its asset-light licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living. Ceres Power is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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December 10, 2020 04:33 ET (09:33 GMT)