Powerhouse Enrgy Grp Result of AGM

 
TIDMPHE 
 
30 September 2020 
 
                          Powerhouse Energy Group plc 
                        ("Powerhouse" or the "Company") 
 
                                 Result of AGM 
 
Powerhouse Energy Group plc (AIM: PHE), the UK technology company pioneering 
hydrogen production from waste plastic, announces that at the Annual General 
Meeting of the Company held today, all resolutions put to shareholders were 
duly passed. 
 
The results of the votes are set out below: 
 
                             FOR*                   AGAINST 
 
RESOLUTIONS            Votes     % of votes     Votes     % of votes   Abstain 
                                 cast                     cast 
 
Ordinary           1,429,943,616   99.98%      300,000      0.02%      412,543 
Resolution 1 
 
To receive the 
financial 
statements for the 
year ended 31 
December 2019 
together with 
Directors' Reports 
and the Auditors' 
Report 
 
Ordinary           1,429,340,872   99.94%      828,675      0.06%      486,612 
Resolution 2 
 
To approve the 
Remuneration 
Report 
 
Ordinary           1,429,891,960   99.97%      499,922      0.03%      264,277 
Resolution 3 
 
To reappoint 
Jeffreys Henry LLP 
as audit and 
authorise the 
directors to fix 
their remuneration 
 
Ordinary           1,323,926,230   97.94%    27,903,121     2.06%    78,826,808 
Resolution 4 
 
To re-elect Dr 
Cameron Davies as 
a director of the 
Company 
 
Ordinary           1,342,651,569   99.24%    10,298,680     0.76%    77,705,910 
Resolution 5 
 
To re-elect James 
Greenstreet as a 
director of the 
Company 
 
Ordinary           1,429,859,351   99.98       270,000      0.02%      526,808 
Resolution 6 
To re-appoint 
Myles Kitcher as a 
director of the 
Company 
 
Ordinary           1,417,992,013   99.20%    11,419,964     0.80%     1,244,182 
Resolution 7 
To re-appoint 
Timothy Yeo as a 
director of the 
Company 
 
Ordinary           1,429,835,631   99.98%      297,720      0.02%      522,808 
Resolution 6 
To re-appoint 
Allan Vlah as a 
director of the 
Company 
 
Ordinary           1,376,905,380   99.94%      877,630      0.06%    52,873,149 
Resolution 9 
To authorise the 
directors to allot 
and issue equity 
securities 
 
Special Resolution 1,185,373,542   86.03%    192,409,468    13.97%   52,873,149 
10 
To authorise the 
directors to 
dis-apply 
pre-emption 
rights, as set out 
in the notice of 
meeting 
 
*Votes received for the resolutions includes votes allowing the Chairman's 
discretion. 
 
For more information, contact: 
 
Powerhouse Energy Group plc                 Tel: [phone] 
 
David Ryan, Chief Executive Officer 
 
WH Ireland Limited (Nominated Adviser)      Tel: [phone] 
 
James Joyce / Lydia Zychowska 
 
Turner Pope Investments Ltd (Joint Broker)  Tel: [phone] 
 
Andrew Thacker / Zoe Alexander 
 
Ikon Associates (Media enquiries)           Tel: [phone] 
 
Adrian Shaw                                 Mob: [phone] 
 
Notes for editors: 
 
About Powerhouse Energy Group plc 
 
Powerhouse has developed a proprietary process technology - DMG® - which can 
utilise waste plastic, end-of-life-tyres, and other waste streams to 
efficiently and economically convert them into syngas from which valuable 
products such as chemical precursors, hydrogen, electricity and other 
industrial products may be derived.  Powerhouse's technology is one of the 
world's first proven, distributed, modular, hydrogen from waste (HfW) process. 
 
The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality 
hydrogen and more than 58MWh of exportable electricity per day. 
 
Powerhouse's process produces low levels of safe residues and requires a small 
operating footprint, making it suitable for deployment at enterprise and 
community level. As announced on 11th February 2020 under its Supplemental 
Agreement with Peel Environmental, Powerhouse will receive an annual license 
fee of GBP500,000 in respect of each project which is commissioned. 
 
Powerhouse is quoted on the London Stock Exchange's AIM Market under the 
ticker: PHE and is incorporated in the United Kingdom. 
 
For more information see www.powerhouseenergy.net 
 
 
 
END 
 

(END) Dow Jones Newswires

September 30, 2020 06:57 ET (10:57 GMT)