REG - ITM Power PLC - Result of AGM

ITM PowerAnnouncement

29/09/2023 16:15

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RNS Number : 2329O  ITM Power PLC  29 September 2023

29 September 2023

 

ITM Power plc

("ITM Power" or the "Company")

 

Result of Annual General Meeting

 

ITM Power (AIM: ITM) announces that all resolutions put to shareholders were
duly passed on a poll at the Company's Annual General Meeting, which took
place at 2 Bessemer Park, Sheffield, S9 1DZ at 10:00 this morning.

 

The votes cast were as follows:

 

                                                                  For                  Against             Withheld
 Ordinary Resolutions:                                            Votes        %       Votes       %
 1 - Annual Report and Accounts                                   244,112,240  99.98%  41,159      0.02%   94,783
 2 - Directors' Remuneration Report                               180,871,969  74.15%  63,065,662  25.85%  310,551
 3 - Elect Dennis Schulz                                          242,991,393  99.55%  1,104,459   0.45%   152,330
 4 - Re-elect Sir Roger Bone                                      208,959,171  85.60%  35,141,804  14.40%  147,207
 5 - Re-elect Jürgen Nowicki                                      231,528,624  94.85%  12,563,605  5.15%   155,953
 6 - Re-appoint Grant Thornton as auditors                        237,199,300  97.18%  6,875,229   2.82%   173,653
 7 - Directors' authority to determine the auditors remuneration  243,890,662  99.90%  247,450     0.10%   110,070
 8 - Directors' authority to allot shares                         236,327,776  99.46%  1,274,469   0.54%   6,645,937
 Special Resolution:
 9 - Disapply pre-emption rights                                  236,053,219  96.71%  8,027,276   3.29%   167,687

 

Resolution 2

 

The Company was pleased that the Directors' Remuneration Report was supported
in a vote at today's Annual General Meeting.  It also notes that a
significant minority were not able to support the resolution at this time. The
Company values our shareholders' views on Remuneration and will continue to
engage to ensure it fully understands the opinions of shareholders on these
matters, and to continue to explain the rationale for our decisions and
policies relating to Directors' pay.

 

Notes:

1.    Proxy appointments which gave discretion to the Chairman of the AGM
have been included in the "For" total for the appropriate resolution.

2.    Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

3.    A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

4.    The full text of the resolutions passed at the AGM can be found in
the Notice of Annual General Meeting which is available on the Company's
website at www.itm-power.com/investors/shareholder-documents
(http://www.itm-power.com/investors/shareholder-documents)

 

For further information, please visit www.itm-power.com or contact:

 

 ITM Power plc
 James Collins, Head of Corporate Affairs          +44 (0)114 551 1205

 Justin Scarborough, Head of Investor Relations    +44 (0)114 551 1080

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0)20 7597 5970
 James Rudd / Chris Sim / Ben Griffiths

 

About ITM Power plc:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market
of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM
Power designs and manufactures  electrolysers based on proton exchange
membrane (PEM) technology to produce green hydrogen, the only net zero energy
gas, using renewable electricity and water.

 

 

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