REG - ITM Power PLC - Result of AGM

ITM PowerAnnouncement

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RNS Number : 6263C  ITM Power PLC  09 October 2025

9 October 2025

 

ITM Power plc

("ITM Power" or the "Company")

 

Results of Annual General Meeting and Change of Auditor

 

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 on Wednesday 8 October
2025.

 

Following a formal and competitive tender process overseen by the Audit
Committee and the passing of resolutions 11 and 12 at the Company's Annual
General Meeting held on 8 October 2025, the Board has approved the appointment
of BDO LLP as the Company's auditor for the financial year ending 30 April
2026. The appointment is effective immediately.

The Board would like to thank Grant Thornton LLP (GT) for their service to the
Company.

As previously announced on 8 July 2025, Denise Cockrem stepped down from the
Board with Sir Warren East and John Howarth joining the Board as Non-Executive
Directors with effect from yesterday.

The votes cast were as follows:

 

                                                                      For                                                                                 Against                                    Withheld
                                                                      Votes                                                                       %       Votes                              %
 Ordinary Resolutions:
 1 - Annual Report and Accounts                                                                                                                   99.97%                53,879               0.03%                 152,484
                                                                      156,509,165
 2 - Directors' Remuneration Report                                                                                                               87.56%         19,476,065                  12.44%                185,417
                                                                      137,054,046
 3 - Re-elect Dr Simon Bourne                                                                                                                     98.86%           1,778,006                 1.14%                 113,095
                                                                      154,824,427
 4 - Re-elect Sir Roger Bone                                                                                                                      86.25%         21,502,258                  13.75%                286,724
                                                                      134,926,546
 5 - Re-elect Dennis Schulz                                                                                                                       95.34%           7,291,249                 4.66%                 125,366
                                                                      149,298,913
 6 - Re-elect Martin Green                                                                                                                        98.76%           1,946,802                 1.24%                 187,201
                                                                      154,581,525
 7 - Elect Amy Grey                                                                                                                               99.86%              219,430                0.14%                 181,541
                                                                      156,314,557
 8 - Elect Matthias von Plotho                                                                                                                    95.01%           7,808,288                 4.99%                 202,330
                                                                      148,704,910
 9 - Elect John Howarth                                                                                                                           96.04%           6,200,784                 3.96%                 274,086
                                                                      150,240,658
 10 - Elect Sir Warren East                                                                                                                       99.80%              312,754                0.20%                 190,590
                                                                      156,212,184
 11 - Auditor resignation (Grant Thornton)                                                                                                        99.96%                56,004               0.04%                 181,141
                                                                      156,478,383
 12 - Auditor appointment (BDO LLP)                                                                                                               99.91%              137,569                0.09%                 224,975
                                                                      156,352,984
 13 - Audit Committee to determine the auditors' remuneration                                                                                     99.81%              291,566                0.19%                 129,146
                                                                      156,294,816
 14 - Directors' authority to allot shares                                                                                                        99.56%              681,363                0.44%                 297,753
                                                                      155,736,412
 Special Resolutions:
 15 - General authority to disapply pre-emption rights                                                                                            99.57%              678,969                0.43%                 201,731
                                                                      155,834,828
 16 - Authority to disapply pre-emption rights in connection with an                                                                              99.31%           1,077,942                 0.69%                 207,340
 acquisition or specified capital investment                          155,430,246

 

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
(http://www.itm-power.com/)  or contact:

 

 ITM Power plc
 Justin Scarborough, Head of Investor Relations         +44 (0)114 244 5111

 Huan Quayle, General Counsel and Company Secretary

 Berenberg
 Ciaran Walsh, Harry Nicholas                           +44 (0)20 3207 7800

 J.P. Morgan Cazenove
 Richard Perelman, Charles Oakes                        +44 (0) 20 7742 4000

 

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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