OPG Power Ventures - Result of AGM

OPG Power Ventures

03/12/2025 15:00

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.

 

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 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)
1.00 p.m. on 12 December 2025
Latest time and date for receipt of TTE Instructions for uncertificated Ordinary Shares in relation to the Share Buyback Offer (i.e. close of the Share Buyback Offer)
1.00 p.m. on 12 December 2025
Share Buyback Record Time
6.00 p.m. on 12 December2025
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 (or, in the case of an unsuccessful Share Buyback Offer, for entire holdings of Ordinary Shares)
no later than 18 December 2025
CREST accounts credited in respect of Share Buyback Offer proceeds for uncertificated Ordinary Shares
no later than 23 December 2025
Cheques despatched in respect of Share Buyback Offer proceeds for certificated Ordinary Shares
no later than 23 December 2025
Return of share certificates in respect of unsuccessful/invalid Share Buyback Forms for certificated Ordinary Shares
no later than 23 December 2025
Despatch of balancing share certificates in respect of unsold certificated Ordinary Shares
no later than 23 December 2025
Last day of dealings in Ordinary Shares on AIM
23 December 2025
Cancellationof 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
(Nominated Adviser & Broker)
+44 (0) 20 7220 0500
Stephen Keys/Katy Birkin/Isaac Hooper
Tavistock (Financial PR)
+44 (0) 20 7920 3150
Simon Hudson / Nick Elwes

 

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