REG - Plexus Holdings Plc - Result of AGM

Plexus HoldingsAnnouncement

20/12/2021 14:45

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RNS Number : 0953W  Plexus Holdings Plc  20 December 2021

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment &
services

 

 

 

 

 

Plexus Holdings PLC ("Plexus" or "Company")

 

Result of AGM

 

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business,
is pleased to announce that, at the Annual General Meeting held earlier today,
which was held as a closed meeting as a result of the pandemic and at which
the required quorum was present, each of the resolutions ("Resolutions") set
forth in the Notice convening the meeting were passed.  The Chairman of the
meeting demanded a poll of votes on all of the resolutions proposed, each of
which were passed by an excess of votes cast in favour of the requisite
majority.

 

Final results of proxy appointments received for the AGM in advance of the
meeting are set out below:

 

 Resolution                             Total Votes Cast*  %age in favour  %age against

 1.    Accounts                         71,582,032         100             0
 2.    Remuneration Report              71,581,032         99.99           0.01
 3.    Re-elect Ben van Bilderbeek      71,268,339         100             0
 4.    Re-elect Craig Hendrie           71,563,432         100             0
 5.    Re-appoint Auditor               71,576,032         100             0
 6.    Auditor's Remuneration           71,581,846         100             0
 7.    Authority to Allot Shares        71,564,712         100             0
 8.    Authority to Purchase Shares     71,581,846         99.99           0.01
 9.    Authority for Pre-emption        71,563,712         99.99           0.01

 

*Includes the discretionary votes given to the chairman of the meeting, but
excludes abstentions.

 

ENDS

 

 For further information please visit www.posgrip.com or contact:

 

 Ben van Bilderbeek  Plexus Holdings PLC      Tel: 020 7795 6890
 Graham Stevens      Plexus Holdings PLC      Tel: 020 7795 6890
 Derrick Lee         Cenkos Securities PLC    Tel: 0131 220 9100
 Isabel de Salis     St Brides Partners Ltd   Email: plexus@stbridespartners.co.uk
 Max Bennett         St Brides Partners Ltd   Email: plexus@stbridespartners.co.uk

 

 

NOTES:

Plexus Holdings plc (AIM: POS) is an IP led company
focussed on establishing its patented leak-proof POS-GRIP® Technology in
wellhead and associated equipment as the go-to drilling and production
equipment for energy markets whilst making a genuine contribution to the oil
and gas industry's ESG and NetZero goals by championing "through the BOP"
(Blowout Preventer) products, and lifetime leak-proof "HG"® metal-to-metal
sealing systems.  Having protected the environment for many years through
these technological innovations, the Company was awarded the London Stock
Exchange's Green Economy Mark in July 2021 and continues to place emphasis
on its ability to reduce harmful methane emissions and unnecessary
maintenance and intervention costs.

 

Headquartered in Aberdeen, the Company has provided leak-free wellhead
performance in hundreds of wells worldwide and worked with an array of
blue-chip oil and gas company clients.  As well as generating direct revenues
from securing orders for surface production wellheads particularly in the UK
and European North Sea regions, the Company has
several licencing/collaboration agreements with major partners including FMC
Technologies, which is a subsidiary of TechnipFMC, and LLC Gusar in Russia.
Furthermore, it works closely with Cameron, a Schlumberger Group company
Cameron has a non-exclusive licence to use the POS-GRIP and "HG"
metal-to-metal seal method of wellhead engineering for the development of
conventional and unconventional oil and gas surface wellheads, and Plexus
entered into a Cooperation Agreement, which enabled Plexus to return to the
Jack-up Exploration (Adjustable) Wellhead rental business for 'through the
BOP' jack-up applications, where Cameron will help to provide Plexus with
sales leads and market insight through a formal Sales Advisory Board. .

 

Plexus' current suite of products and applications include: "HG" wellheads,
which combine POS-GRIP Technology with gas tight leak free metal-to-metal
sealing; the Python® subsea wellhead, developed in a Joint Industry Project
with several industry leaders; the POS-SET™ Connector for the
de-commissioning and abandonment market; and Tersus-PCT, an innovative HP/HT
tie back connector product. Having proved the superior uniquely enabling
qualities of POS-GRIP Technology, Plexus is now also focused on establishing
its technology and equipment in other markets such as Plug and Abandonment
de-commissioning, carbon capture, gas storage, hydrogen and geothermal where
it can play an important role in reducing harmful methane emission risks as
operators strive to deliver on ESG commitments and NetZero goals in a safe and
cost-effective way.

 

 

 

 

 

 

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