REG-Powerhouse Enrgy Grp: Result of AGM

Powerhouse EnergyAnnouncement

29/07/2021 15:15

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

29 July 2021

Result of AGM

Powerhouse Energy Group plc (AIM: PHE), the UK technology company
commercialising hydrogen production from waste plastic, 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                                                                                                              535,765,739       99.99%        69,250         0.01%        481,042   
 To receive the financial statements for the year ended 31 December 2020 together with Directors' Reports and the Auditors' Report  
 Ordinary Resolution 2                                                                                                              518,391,534       98.32%       8,882,373       1.68%       9,042,124  
 To approve the Remuneration Report                                                                                                 
 Ordinary Resolution 3                                                                                                              519,015,329       98.23%       9,370,126       1.77%       7,930,576  
 To reappoint Jeffreys Henry LLP as audit and authorise the directors to fix their remuneration                                     
 Ordinary Resolution 4                                                                                                              518,943,226       96.87%      16,782,698       3.13%        590,107   
 To re-elect James Greenstreet as a director of the Company                                                                         
 Ordinary Resolution 5                                                                                                              509,264,217       96.71%      17,343,656       3.29%       9,708,158  
 To re-elect Tim Yeo as a director of the Company                                                                                   
 Ordinary Resolution 6 To re-appoint Kirsty Gogan as a director of the Company                                                      526,794,070       98.33%       8,932,494       1.67%        589,467   
 Ordinary Resolution 7 To authorise the directors to allot and issue equity securities                                              517,397,016       96.67%      17,811,825       3.33%       1,107,190  
 Special Resolution 8 To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting               506,005,954       94.54%      29,197,799       5.46%       1,112,278  
 *Votes received for the resolutions includes votes allowing the Chairman's discretion.                                                                                                                   

-ENDS-

For more information, contact: 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399  
 Tim Yeo, Executive Chairman                                                  
                                                                              
 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666  
 James Joyce/ Lydia Zychowska                                                 
                                                                              
 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050  
 Andrew Thacker                                                               
                                                                              
 SisterSmith PR (media enquiries) Becca Smith      Mob: +44 (0) 7766522305    

Notes to Editors:

About Powerhouse Energy Group plc

Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste plastic, end-of-life-tyres, and other waste streams to
efficiently and economically convert them into syngas from which valuable
products such as chemical precursors, hydrogen, electricity and other
industrial products may be derived. Powerhouse’s technology is one of the
world's first proven, distributed, modular, hydrogen from waste (HfW) process.

The Powerhouse DMG® process can generate up to 2 tonnes of road-fuel quality
hydrogen and more than 58MWh of exportable electricity per day.

Powerhouse’s process produces low levels of safe residues and requires a
small operating footprint, making it suitable for deployment at enterprise and
community level. As announced on 11th February 2020 under its Supplemental
Agreement with Peel Environmental, Powerhouse will receive an annual license
fee of £500,000 in respect of each project which is commissioned.

Powerhouse 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



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