ITM Power PLC Result of AGM (6434D)

TIDMITM

RNS Number : 6434D

ITM Power PLC

29 October 2020

29 October 2020

ITM Power plc

("ITM Power" or the "Company")

Result of Annual General Meeting

ITM Power (AIM: ITM), the energy storage and clean fuel company announces that all resolutions put to shareholders were duly passed at the Company's Annual General Meeting, which took place virtually at 10:00 this morning.

The votes cast at the General Meeting were as follows:

 
                              For                Against         Withheld 
 Ordinary Resolution     Votes        %       Votes        % 
                      -----------  ------  -----------  ------  ----------- 
 1                     96,081,318   97.58   2,365,315     2.4    1,992,576 
                      -----------  ------  -----------  ------  ----------- 
 2                     77,717,018   90.89   7,768,054    9.09    14,954,137 
                      -----------  ------  -----------  ------  ----------- 
 3                     92,996,158   92.75   7,250,463    7.23     192,588 
                      -----------  ------  -----------  ------  ----------- 
 4                     64,590,413   71.04   26,307,622   28.94   9,541,174 
                      -----------  ------  -----------  ------  ----------- 
 Special Resolution 
                      -----------  ------  -----------  ------  ----------- 
 5                     88,370,867   94.42   5,208,411    5.56    6,859,831 
                      -----------  ------  -----------  ------  ----------- 
 6                     96,703,947   96.46   3,531,236    3.52     204,026 
                      -----------  ------  -----------  ------  ----------- 
 

For further information please visit www.itm-power.com or contact:

 
 ITM Power plc                           (0)114 263 7646 
 James Collins/Nicola Ham Edmonds 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                            (0)20 7597 5970 
 Jeremy Ellis / Chris Sim 
 
 Tavistock (Financial PR and IR)         (0)20 7920 3150 
 Simon Hudson / Barney Hayward / 
  Edward Lee 
 

About ITM Power plc

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a GBP 58.8 million fundraise, including a subscription by Linde of GBP38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide. In October 2020, ITM Power announced a proposed equity fund raise of at least GBP165m, including GBP30m from Snam, one of the world's leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell' s Rhineland refinery. ITM Power announced the lease of the world 's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

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October 29, 2020 07:47 ET (11:47 GMT)