Inspirit Energy Holdings PLC Result of Meeting (8081G)

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RNS Number : 8081G

Inspirit Energy Holdings PLC

27 November 2020

27 November 2020

Inspirit Energy Holdings Plc

("Inspirit" or "the Company")

Result of the General Meeting

At the General Meeting today, requisitioned pursuant to Section 303 of the Companies Act 2006, by Mr Christopher Heminway (acting by his nominee) all three Resolutions proposed by Mr Heminway failed.

In accordance with the COVID-related procedures for the General Meeting, each Resolution was taken on a poll with the results as set out below:

Resolutions:

   1.     Anthony Samaha be immediately removed as a director of the Company; 

2. Christopher Heminway himself be immediately appointed as a non-executive director of the Company; and

   3.       Andrew Hall be immediately appointed as a non-executive director of the Company. 

Results of the General Meeting:

 
 
 
 Resolution       For          Against      Discretion to Chairman   Withheld     Total Votes      Resolution 
     01       444,168,922   1,319,212,924            Nil             5,738,205   1,769,120,051      FAILED 
             ------------  --------------  -----------------------  ----------  --------------  ------------- 
     02       445,448,471   1,319,208,324            Nil             4,463,256   1,769,120,051      FAILED 
             ------------  --------------  -----------------------  ----------  --------------  ------------- 
     03       445,442,471   1,319,214,324            Nil             4,463,256   1,769,120,051      FAILED 
             ------------  --------------  -----------------------  ----------  --------------  ------------- 
 

The Board commented:

"The Board should like to thank Shareholders for their overwhelming support. This has been a time-consuming exercise, has used up cash which is much needed for the development of the Company and we very much hope that this now draws a line under Mr Christopher Heminway's attempts to secure seats on the Board for himself and/or his associate."

The Board is mindful that investors want to be kept informed as the Company's progress and looks forward to providing further updates in due course as and when appropriate."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

More information on Inspirit Energy can be seen at: www.inspirit-energy.com

For further information please contact:

 
 Inspirit Energy Holdings plc 
 John Gunn, Chairman and CEO      [phone] 
 Beaumont Cornish Limited 
  www.beaumontcornish.com 
  (Nominated Advisor) 
 Roland Cornish / James Biddle    [phone] 
 Global Investment Strategy UK 
  Ltd 
  (Broker) 
  Samantha Esqulant                 [phone] 
 

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November 27, 2020 09:59 ET (14:59 GMT)