REG - OPG Power Ventures - Result of AGM

OPG Power VenturesAnnouncement

03/12/2025 15:15

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RNS Number : 1271K  OPG Power Ventures plc  03 December 2025

3 December 2025

 

OPG Power Ventures plc

("OPG", "the Group" or "the Company")

 

Result of AGM

 

OPG (AIM: OPG), the developer and operator of power generation assets in
India, announces that all resolutions put to shareholders at the Company's
Annual General Meeting held today, were duly passed on a poll.

 

The Company would like to further remind shareholders that the Share Buyback
Offer will close at 1.00 p.m. on 12 December 2025. The Share Buyback Record
Time for participation in the Share Buyback Offer is 6.00 p.m. on 12 December
2025 and the Share Buyback Offer will only be available to Qualifying
Shareholders on the Register at that time and date.

 

Details of the votes cast for each resolution are below:

 

     Resolution                                                                   Votes for    % of votes cast  Votes against  % of votes cast  Votes withheld
 1   Amend Articles                                                               267,177,283  89.76%           30,487,966     10.24%           137,214
 2   Authority to purchase Ordinary Shares pursuant to the Share Buyback Offer    263,468,217  88.28%           34,972,594     11.72%           2,091
 3   Reduction of Company's share capital                                         263,137,945  88.20%           35,212,984     11.80%           92,063
 4   Approval of the Cancellation in accordance with AIM Rule 41                  259,464,695  87.76%           38,976,116     13.06%           2,091
 5   Approval and adoption of amended memorandum and new articles of association  262,415,610  87.97%           35,889,019     12.03%           138,273
 6   Receive and adopt the 2025 Annual Accounts                                   274,708,852  92.15%           23,395,919     7.85%            338,096
 7   Re-appoint auditor                                                           272,543,953  91.75%           24,503,695     8.25%            1,395,219
 8   Remuneration of auditor                                                      272,643,384  91.71%           24,404,264     8.22%            1,395,219
 9   Re-elect Jeremy Warner Allen                                                 263,672,120  88.47%           34,360,698     11.53%           410,049
 10  Re-elect Ajit Pratap Singh                                                   261,949,566  88.68%           33,433,442     11.32%           2,419,420
 11  Re-elect Martin Higginson                                                    263,808,538  88.52%           34,214,909     11.48%           419,420

 

Notes:

1.        The Family Concert Party is interested in 206,507,166
Ordinary Shares representing an aggregate of 51.53 per cent. of the issued
share capital of the Company.

2.        A vote "Withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "For" and "Against" shown.

3.        Resolution 1 and Resolutions 5 to 11 (inclusive) were passed
as resolutions requiring a majority of in excess of 50 per cent. In favour to
be passed and resolutions 2 to 4 (inclusive) were passed as Special
Resolutions (such term as defined in the Company's articles of association)
requiring a majority of not less than 75 per cent. in favour to be passed.

 

The full text of the resolutions can be found in the Notice of Annual General
Meeting contained in the circular published by the Company on 6 November 2025
(the "Circular") which is available on the Company's website at
https://www.opgpower.com/investors/shareholder-information/shareholder-circulars
(https://www.opgpower.com/investors/shareholder-information/shareholder-circulars)
.

 

Following the passing of the resolutions at the Annual General Meeting, the
expected timetable remains as follows for the Share Buyback Offer and the
Cancellation:

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 Latest time and date for receipt of Share Buyback Forms for certificated        1.00 p.m. on 12 December 2025
 Ordinary Shares (together with your share certificate(s) and/or other
 document(s) of title) in relation to the Share Buyback Offer (i.e. close of
 the Share Buyback Offer)

 Latest time and date for receipt of TTE Instructions for uncertificated         1.00 p.m. on 12 December 2025
 Ordinary Shares in relation to the Share Buyback Offer (i.e. close of the
 Share Buyback Offer)

 Share Buyback Record Time                                                       6.00 p.m. on 12 December 2025
 Announcement of results of the Share Buyback Offer                              15 December 2025

 Purchase of Ordinary Shares under the Share Buyback Offer                       18 December 2025

 CREST accounts credited for revised uncertificated holdings of Ordinary Shares  no later than 18 December 2025
 (or, in the case of an unsuccessful Share Buyback Offer, for entire holdings
 of Ordinary Shares)

 CREST accounts credited in respect of Share Buyback Offer proceeds for          no later than 23 December 2025
 uncertificated Ordinary Shares

 Cheques despatched in respect of Share Buyback Offer proceeds for certificated  no later than 23 December 2025
 Ordinary Shares

 Return of share certificates in respect of unsuccessful/invalid Share Buyback   no later than 23 December 2025
 Forms for certificated Ordinary Shares

 Despatch of balancing share certificates in respect of unsold certificated      no later than 23 December 2025
 Ordinary Shares

 Last day of dealings in Ordinary Shares on AIM                                  23 December 2025

 Cancellation of the Ordinary Shares from trading on AIM                         7.00 a.m. on 24 December 2025

 Notes:

 (1)   References to times in this announcement are to London time, unless
 otherwise stated.

 (2)   If any of the details contained in the timetable above should change,
 the revised time and dates will be notified to Shareholders through a
 Regulatory Information Service (as defined in the AIM Rules for Companies).

Unless otherwise defined, capitalised terms in this announcement shall have
the meaning set out in the Circular.

 

Further announcements will be made, as appropriate, in due course.

 

For further information, please visit www.opgpower.com or contact:

 

 OPG Power Ventures PLC                 Via Tavistock below
 A P Singh

 Cavendish Capital Markets Limited      +44 (0) 20 7220 0500

 (Nominated Adviser & Broker)
 Stephen Keys/Katy Birkin/Isaac Hooper

 Tavistock (Financial PR)               +44 (0) 20 7920 3150
 Simon Hudson / Nick Elwes

 

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