REG - Powerhouse Enrgy Grp - Result of AGM and Directorate Update

Powerhouse EnergyAnnouncement

09/11/2022 13:00

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RNS Number : 8678F  Powerhouse Energy Group PLC  09 November 2022

9 November 2022

Powerhouse Energy Group plc

 

("Powerhouse" or the "Company")

Result of AGM and Directorate Update

 

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated
technology which converts non-recyclable waste into low carbon energy,
announces that at the Annual General Meeting of the Company held today, all
resolutions put to shareholders were duly passed.

 

The results of the votes are set out below:

                                                                                 FOR*                          AGAINST
 RESOLUTIONS                                                                     Votes        % of votes cast  Votes       % of votes cast  Abstain
 Ordinary Resolution 1                                                           217,576,010  100.00%          4,000       0.00%            396,627
 To receive the financial statements for the year ended 31 December 2021
 together with Directors' Reports and the Auditors' Report
 Ordinary Resolution 2                                                           215,268,564  99.72%           601,133     0.28%            2,106,940
 To approve the Remuneration Report
 Ordinary Resolution 3                                                           214,504,144  99.35%           1,406,195   0.65%            2,066,298
 To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix
 their remuneration
 Ordinary Resolution 4                                                           202,850,308  99.14%           1,761,434   0.86%            13,364,895
 To re-elect Keith Riley as a director of the Company
 Ordinary Resolution 5                                                           214,643,579  99.82%           385,573     0.18%            2,947,485
 To re-elect Paul Emmitt as a director of the Company
 Ordinary Resolution 6                                                           201,725,979  93.55%           13,903,173  6.45%            2,347,485

 To re-appoint Hugh McAlister as a director of the Company
 Ordinary Resolution 7                                                           209,081,684  96.31%           8,004,467   3.69%            890,486

 To authorise the directors to allot and issue equity securities
 Special Resolution 8                                                            198,601,608  91.46%           18,554,877  8.54%            820,152

 To authorise the directors to dis-apply pre-emption rights, as set out in the
 notice of meeting

 *Votes received for the resolutions includes votes allowing the Chairman's
 discretion.

 

As announced on 15 August 2022, Non-executive Directors Myles Kitcher and Gill
Weeks did not offer themselves for re-election at today's AGM and have stepped
down from the Powerhouse board with immediate effect. The Company intends to
make further appointments in due course.

 

-ENDS-

 

For more information, contact:

 Powerhouse Energy Group plc                         via Tavistock
 Keith Riley

 WH Ireland Limited (Nominated Adviser)              +44 (0) 207 220 1666
 James Joyce and Enzo Aliaj

 Turner Pope Investments (TPI) Ltd (Joint Broker)    +44 (0) 203 657 0050
 Andrew Thacker and James Pope

 Tavistock Communications (Financial PR)             +44 (0) 020 7920 3150
 Simon Hudson, Nick Elwes, Heather Armstrong         powerhouse@tavistock.co.uk

 

 

Notes to Editors:

 

About Powerhouse Energy Group plc

 

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under
the ticker: PHE and is incorporated in the United Kingdom.

 

For more information see www.powerhouseenergy.co.uk
(http://www.powerhouseenergy.co.uk/)

 

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