REG - Ceres Power Holdings - Result of AGM

Ceres Power HoldingsAnnouncement

15/05/2025 15:30

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RNS Number : 8924I  Ceres Power Holdings plc  15 May 2025

CWR.L

15 May 2025

 

Ceres Power Holdings plc ("Ceres", the "Company")

 

Result of Annual General Meeting

 

Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean
energy technology, is pleased to announce that at the Annual General Meeting
of shareholders held earlier today at RPC, Tower Bridge House, St Katharine's
Way, London, E1W 1AA, all resolutions were duly passed.

 

The results of the poll vote on the resolutions put to the Annual General
Meeting were as follows:

 

 Resolution                         For          %       Against     %       Withheld   %      Total Votes  %
 1       REPORTS AND ACCOUNTS       113,274,604  99.91%  104,701     0.09%   1,034,995  0.91%  113,379,305  58.50%
 2       RE-APPOINT AUDITOR         113,360,577  99.88%  141,770     0.12%   911,953    0.80%  113,502,347  58.57%
 3       AUDITORS REMUNERATION      114,257,806  99.89%  129,782     0.11%   26,712     0.02%  114,387,588  59.02%
 4       ELECT S PAYNTER            114,245,901  99.89%  126,530     0.11%   39,964     0.03%  114,372,431  59.02%
 5       RE-ELECT K M BOMBA         113,765,672  99.47%  603,097     0.53%   43,626     0.04%  114,368,769  59.01%
 6       RE-ELECT T BORUM BOJSEN    114,211,784  99.86%  156,436     0.14%   44,173     0.04%  114,368,220  59.01%
 7       RE-ELECT C A BROWN         113,967,281  99.65%  397,824     0.35%   47,288     0.04%  114,365,105  59.01%
 8       RE-ELECT W T BROWN         109,022,693  95.33%  5,342,592   4.67%   47,108     0.04%  114,365,285  59.01%
 9       RE-ELECT P J CALDWELL      114,237,049  99.88%  133,307     0.12%   42,037     0.04%  114,370,356  59.02%
 10      RE-ELECT W A FINEGOLD      113,588,909  99.32%  778,868     0.68%   44,616     0.04%  114,367,777  59.01%
 11      RE-ELECT J E KING          112,863,447  99.45%  626,607     0.55%   922,339    0.81%  113,490,054  58.56%
 12      RE-ELECT N SUN             114,214,850  99.87%  152,075     0.13%   45,468     0.04%  114,366,925  59.01%
 13      ALLOT SHARES               108,047,072  94.46%  6,332,497   5.54%   34,731     0.03%  114,379,569  59.02%
 14      REMUNERATION REPORT        91,073,893   79.67%  23,243,895  20.33%  96,512     0.08%  114,317,788  58.99%
 15      POLITICAL DONATIONS        112,599,108  99.25%  847,333     0.75%   967,859    0.85%  113,446,441  58.54%
 16      LONG TERM INCENTIVE PLAN   112,855,846  98.69%  1,501,741   1.31%   56,713     0.05%  114,357,587  59.01%
 17      ALLOT EQUITY SECURITIES    109,242,098  95.54%  5,095,643   4.46%   76,559     0.07%  114,337,741  59.00%
 18      ALLOT EQUITY SECURITIES 2  109,049,353  99.40%  663,661     0.60%   4,701,286  4.29%  109,713,014  56.61%
 19      CALL GENERAL MEETING       112,870,763  98.71%  1,479,674   1.29%   63,863     0.06%  114,350,437  59.01%

 

 

NOTES:

1. Votes "For" include those votes giving discretion to the Chair.

2. A "Vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of votes "For" or "Against" a resolution.

3. The total number of shares in issue as at 10am BST on 15 May 2025 was
193,796,363 shares.

4. In accordance with Listing Rule 6.4.2 copies of the resolutions (other than
those relating to ordinary business) will be submitted to the National Storage
Mechanism and will shortly be available for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)

Directors' Remuneration Report Resolution - Shareholder Consultation

The Board notes the 20.33% of votes against Resolution 14, the advisory
resolution to receive and approve Directors' Remuneration Report ("DRR") for
the year ended 31 December 2024. In accordance with the UK Corporate
Governance Code 2024, and further to the shareholder engagement reported upon
in the DRR, in the coming months, the Company, acting through the Remuneration
and Nomination Committee Chair, will seek to engage with shareholders who
voted against this resolution to understand the reasons behind their voting,
and will provide an update on that engagement and any actions taken in
response within six months.

A final summary of the views heard during this shareholder engagement will be
included in the Annual Report and Accounts for the year ending 31 December
2025, and the explanatory notes to the relevant resolution to be put to
shareholders at the Company's annual general meeting in 2026 will reflect the
outcomes of the consultation and any actions taken as appropriate.

For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:

 Ceres Power Holdings plc

 Dominic Murray (Company Secretary)   Tel: +44 (0)7526 196529

 MHP Group (PR Adviser)               Tel: +44 (0)7831 406117

 Reg Hoare/ James McFarlane           Email: ceres@mhpgroup.com

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power
generation and electrolysers for the production of green hydrogen. Its
asset-light, licensing model has seen it establish partnerships with some of
the world's largest companies, such as Doosan, Delta, Denso,
Shell, Weichai and Thermax. Ceres' solid oxide technology supports greater
electrification of our energy systems and produces green hydrogen at high
efficiencies as a route to decarbonise emissions-intensive industries such as
steelmaking, ammonia and future fuels. Ceres is listed on the London Stock
Exchange ("LSE") (LSE: CWR) and is classified by the LSE Green Economy Mark,
which recognises listed companies that derive more than 50% of their activity
from the green economy. Read more on our website www.ceres.tech
(http://www.ceres.tech/)  or follow us on LinkedIn
(https://www.linkedin.com/company/ceres-power/) .

 

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