REG - AMTE Power PLC - Result of General Meeting

Amte PowerAnnouncement

03/11/2022 13:15

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RNS Number : 2603F  AMTE Power PLC  03 November 2022

3 November 2022

 
 
 

AMTE POWER PLC

Result of general meeting

 

AMTE Power Plc (AIM: AMTE) ("AMTE Power" or the "Company"), a leading
developer and manufacturer of lithium-ion and sodium-ion battery cells for
specialist markets, is pleased to announce that both resolutions put to its
General Meeting held today were duly passed.

 

The votes cast are set out below:

 

                                                                                FOR          AGAINST
 ORDINARY RESOLUTION

 To authorise the Directors to allot relevant securities in respect of the      16,861,004   19,803
 proposed convertible bond facility (the "Facility") announced on 17 October

 2022                                                                           (99.88%)     (0.12%)

 SPECIAL RESOLUTION

 To enable the Directors to allot shares for cash in respect of the Facility,   16,860,374   20,259
 without first offering them to existing shareholders

                                                                              (99.88%)     (0.12%)

 

 

A further announcement is expected shortly when AMTE Power enters into the
legally binding contractual documentation relating to the Facility.

 

 

ENDS

Enquiries

 

 AMTE Power plc                                      Tel: +44 (0)1847 867 200
 Alan Hollis (Chief Executive Officer)
 James Hobson (Chief Financial Officer)

 WH Ireland (NOMAD and Joint Broker)                 Tel: +44 (0)207 220 1666
 Chris Fielding / James Bavister / Ben Good

 Panmure Gordon (UK) Limited (Joint Broker)          Tel: +44 (0)207 886 2500
 John Prior / Harriette Johnson (Corporate Finance)

 James Sinclair-Ford

 Hugh Rich (Corporate Broking)

 Camarco (Financial PR)                              Tel: +44 (0)20 3757 4992
 Ginny Pulbrook / Tom Huddart / Rosie Driscoll

 

Notes to Editors:

AMTE Power was founded in 2013 and is a leading developer and manufacturer of
lithium-ion and sodium-ion battery cells for specialist markets. In March
2021, the Company was admitted to trading on the AIM market of the London
Stock Exchange. The Company is focused on launching a series of next
generation battery cells based on new chemistries and cell structures that are
designed to solve key problems in power delivery, energy performance, and
safety. These new products are targeted at a range of specialist markets
including the electric vehicle industry and energy storage sector.

 

AMTE Power's purpose-built cell manufacturing facility in
Thurso, Scotland has the second largest cell manufacturing capacity in
the UK and the Company also has a product development team based in Oxford.
AMTE's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected
to be operational and in production by Q3 2025 and will be capable of
producing over 25,000 high added value batteries per day enabling the Company
to rapidly scale up cell production.

 

For further information visit the Company's website: www.amtepower.com
(http://www.amtepower.com/)

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