Ceres Power Holdings plc Result of AGM (7122V)

TIDMCWR

RNS Number : 7122V

Ceres Power Holdings plc

04 December 2019

4 December 2019

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 3 Gatton Park Business Centre, Wells Place, Merstham, Redhill, RH1 3DR, 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 receive and consider 
  the accounts of the Company 
  for the financial year 
  ended 30 June 2019, together 
  with the reports of the 
  Directors of the Company 
  and auditor of the Company 
  on those accounts.                                  804,640        7       110,825,055 
                                      110,020,415 
                                        (99.27%)      (0.73%)                                 72.02% 
                                   ---------------  ----------  ----------  ------------  ------------- 
 2. To appoint BDO LLP 
  as auditor of the Company 
  and to authorise the Board, 
  through the Audit Committee, 
  to fix their remuneration.         110,817,987       1,531       5,544     110,819,518      72.02% 
                                        (100%)          (0%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 3. To elect Dr Haoran 
  Hu as a Director of the 
  Company.                           103,525,532     7,296,378     3,152     110,821,910      72.02% 
                                       (93.42%)       (6.58%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 4. To re-elect Mr Philip 
  Caldwell, who is retiring 
  by rotation, as a Director 
  of the Company.                    110,769,210      34,019      21,833     110,803,229      72.01% 
                                       (99.97%)       (0.03%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 5. To re-elect Mr Stephen 
  Callaghan, who is retiring 
  by rotation, as a Director 
  of the Company.                    109,896,135      34,019      894,908    109,930,154      71.44% 
                                       (99.97%)       (0.03%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 6. To re-elect Mr Aidan 
  Hughes, who is retiring 
  by rotation, as a Director 
  of the Company.                    110,769,210      34,019      21,833     110,803,229      72.01% 
                                       (99.97%)       (0.03%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 7. To re-elect Mr Robert 
  Trezona, who is retiring 
  by rotation, as a Director 
  of the Company.                    109,877,640      925,589     21,833     110,803,229      72.01% 
                                       (99.16%)       (0.84%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 8. To authorise the Directors 
  to allot certain shares 
  pursuant to section 551 
  of the Companies Act 2006.         110,759,964      63,045       2,053     110,823,009      72.02% 
                                       (99.94%)       (0.06%) 
                                   ---------------  ----------  ----------  ------------  ------------- 
 
 
            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.      108,919,662   1,872,581   32,819   110,792,243   72.0% 
                                    (98.31%)     (1.69%) 
                                 ------------  ----------  -------  ------------  ------ 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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December 04, 2019 11:15 ET (16:15 GMT)