Simec Atlantisenergy: AGM Results

Ampeak Energy

31/07/2025 17:08

RNS Number : 4843T

SIMEC Atlantis Energy Limited

31 July 2025

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

31 July 2025

Result of AGM

 

SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed with the exception of resolution 9 which was not passed.

 

All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against resolution 9 to understand their reasoning.

 

The results of the poll are set out below:

FOR*
AGAINST
RESOLUTIONS
Votes
% of votes cast
Votes
% of votes cast
Withheld**
Ordinary Resolution 1
270,396,354
99.79%
574,565
0.21%
4,075,502
To receive the audited financial statements for the year ended 31 December 2024 together with the Directors' Reports and the Auditors' Report
Ordinary Resolution 2
262,784,090
95.87%
11,332,678
4.13%
929,653
To approve the Directors' remuneration report
Ordinary Resolution 3
To approve the Directors' fees
257,969,209
94.11%
16,147,559
5.89%
929,653
Ordinary Resolution 4
269,545,158
99.49%
1,369,544
0.51%
4,131,719
To reappoint Nexia Singapore PAC as auditor
Ordinary Resolution 5
270,397,917
99.81%
518,785
0.19%
4,129,719
To set the remuneration of the auditors
Ordinary Resolution 6
265,397,926
97.96%
5,516,776
2.04%
4,131,719
To re-elect Duncan Stuart Black as a Director of the Company
Ordinary Resolution 7
To re-elect Graham Matthew Reid as a Director of the Company
265,397,926
97.96%
5,516,776
2.04%
4,131,719
Ordinary Resolution 8
To authorise the Directors to allot and issue equity securities
261,344,940
95.33%
12,788,861
4.67%
912,620
Ordinary Resolution 9
To authorise the Directors to dis-apply pre-emption rights, as set out in the notice of meeting
34,885,322
12.73%
239,250,479
87.27%
910,620
Ordinary Resolution 10
To authorise the Directors to grant options and awards under the Company's Share Plans
266,339,042
98.29%
4,630,622
1.71%
4,076,757
Ordinary Resolution 11
To authorise the Directors to make amendments to the Company's Share Plans
261,348,218
96.44%
9,637,946
3.56%
4,060,257
Ordinary Resolution 12
To authorise the Directors to make market purchases of own shares
269,744,048
98.39%
4,408,253
1.61%
894,120
Special Resolution 13
To authorise the Directors to make a name change
268,202,357
97.83%
5,949,944
2.17%
894,120
Special Resolution 14
To authorise the Directors to amend the Company's constitution
249,312,103
90.95%
24,804,396
9.05%
929,922
Ordinary Resolution 15
To authorise Directors' fees
259,444,857
94.34%
15,553,131
5.66%
48,433
*Votes received for the resolutions includes votes allowing the Chairman's discretion.
** A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.


 

As the date of the Annual General Meeting the Company had in issue 722,812,335 ordinary shares.

 

-ENDS-

 

For further information, please contact:

 

SAE Renewables
Sean Parsons, Director of External Affair
+44 (0)7739 832 446
Strand Hanson Limited (Nominated and Financial Adviser)
Richard Johnson
Rory Murphy
David Asquith
+44 (0)20 7409 3494
Zeus Capital Limited (Broker)
Louisa Waddell
Simon Johnson
+44 (0)20 3829 5000

 

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects. https://www.saerenewables.com/

 

 

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