Verditek PLC Result of AGM (1534V)

TIDMVDTK

RNS Number : 1534V

Verditek PLC

05 August 2022

5 August 2022

Verditek plc ("Verditek" or the "Company")

Results of 2022 Annual General Meeting

Verditek plc (AIM: VDTK), the clean technology company, is pleased to announce that at the Company's Annual General Meeting held on Friday 5 August 2022, the resolutions set out below were passed by shareholders voting on a poll.

The number of votes received in respect of each resolution were as follows:

 
                                                               For                          Against 
                                                               No. of shares   % of votes   No. of shares   % of votes 
                                                              --------------  -----------  --------------  ----------- 
       To receive the Company's annual report and accounts 
        for the financial year ended 31 December 
 1      2021                                                     181,916,702        99.95         100,000        0 .05 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 2.    To approve the directors' remuneration as set out in      125,113,499        86.60      19,365,312        13.40 
        the Company's Directors' remuneration 
        report for the financial year ended 31 December 2021 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 3.    To re-appoint George Katzaros as a director of the        162,298,362        99.44         917,850         0.56 
        Company 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 4.    To re-appoint Gavin Mayhew as a director of the           126,148,702        77.27      37,107,312        22.73 
        Company 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 5.    To re-appoint Crowe LLP as auditors of the Company        181,916,702        99.94         107,312         0.06 
        and to authorise the Directors to determine 
        the remuneration of the auditors 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 6.    To authorise the Directors to allot shares                180,728,613        99.40       1,087,000         0.60 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 7.    To disapply pre-emption rights in respect of the          162,422,151        89.57      18,903,462        10.43 
        allotment of shares 
      ------------------------------------------------------  --------------  -----------  --------------  ----------- 
 

Note

The Board notes that resolution 4, the re-appointment of Gavin Mayhew as a Director, was passed with the necessary majority but received less than 80% of votes in favour. The Board will engage with its shareholders to understand the reasons behind the voting result. The Board takes seriously its responsibilities to represent the interests of shareholders and uphold the highest standards of corporate governance and is open to constructive dialogue with shareholders.

For further information, please contact:

Verditek plc

Rob Richards (Chief Executive Officer) [phone]

Vicki Johnson (Chief Financial Officer)

WH Ireland Limited (NOMAD and Broker)

Chris Hardie

[phone]

Ben Good

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

About Verditek plc

AIM listed Verditek plc is a holding company of a business operating within the green technology sector. The Company is focused on commercialising our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers that drive solar energy into applications previously unachievable. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing. In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf. We are working together to engineer the technology for commercialisation. We are the exclusive supplier of lightweight solar panels to the new joint venture between our distribution partner Bradclad Group and Protan AB, the second largest, single ply roofing membrane supplier in Europe.

For more information please visit or contact the following: https://verditek.com/

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August 05, 2022 12:10 ET (16:10 GMT)