REG - AMTE Power PLC - Results of AGM

Amte PowerAnnouncement

29/12/2022 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221229:nRSc2410La&default-theme=true

RNS Number : 2410L  AMTE Power PLC  29 December 2022

29 December 2022

 

AMTE POWER PLC

Result of AGM

 

AMTE Power plc ("AMTE Power" or the "Company"), a leading manufacturer of
battery cells for specialist markets, announces that at its Annual General
Meeting held earlier today all resolutions were passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolution 9 was
passed as a Special Resolution. Voting on all resolutions at the Annual
General Meeting was conducted by a poll and the results are as follows:

    Resolution                                                                      For        %       Against    %       Vote total      Vote total as a % of issued capital  Withheld
 1  To receive and adopt the Companyʼs annual report and audited accounts for the   7,712,340  99.98%  1,240      0.02%   7,713,580       21.29%                               0
    financial year ended 30 June 2022
 2  To approve the directors' remuneration report                                   6,699,967  99.83%  11,164     0.17%   6,711,131       18.52%                               1,002,449
 3  To re-elect Alan Hollis as a director                                           7,701,470  99.86%  10,849     0.14%   7,712,319       21.28%                               1,261
 4  To re-elect Anita Breslin as a director                                         7,702,710  99.88%  9,609      0.12%   7,712,319       21.28%                               1,261
 5  To re-elect Alyson Levett as a director                                         7,702,710  99.87%  9,782      0.13%   7,712,492       21.29%                               1,088
 6  To reappoint Saffery Champness LLP as auditor                                   7,696,057  99.86%  10,849     0.14%   7,706,906       21.27%                               6,674
 7  To authorise the directors to agree remuneration of auditors                    7,704,921  99.89%  8,571      0.11%   7,713,492       21.29%                               88
 8  To authorise the directors to allot shares in the Company                       6,704,766  86.92%  1,008,814  13.08%  7,713,580       21.29%                               0
 9  To disapply statutory pre-emption rights                                        6,701,226  86.88%  1,012,092  13.12%  7,713,318       21.29%                               262

 

For further information contact:

AMTE Power plc               +44 (0)1847 867 200

David Morgan (Chairman)

WH Ireland (NOMAD and Joint Broker) +44 (0)207 220 1666

Chris Fielding / James Bavister / Megan Liddell (Corporate
Finance)

Fraser Marshall (Corporate Broking)

Panmure Gordon (UK) Limited (Joint Broker)     +44 (0)207 886 2500

John Prior / James Sinclair-Ford (Corporate Finance)

Hugh Rich (Corporate Broking)

Camarco (Financial PR) +44 (0)203 757 4992 / 4981

Ginny Pulbrook / 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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMPPGAPPUPPGCB