REG - SIMEC AtlantisEnergy - AGM Results

SIMEC Atlantis EnergyAnnouncement

Thu 17:15

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RNS Number : 4843T  SIMEC Atlantis Energy Limited  31 July 2025

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

31 July 2025

Result of AGM

 

SAE announces that at the Annual General Meeting of the Company held today,
all resolutions put to shareholders were duly passed with the exception of
resolution 9 which was not passed.

 

All resolutions were decided on a poll. The Company will engage with the
largest of those shareholders that voted against resolution 9 to understand
their reasoning.

 

The results of the poll are set out below:

                                                                                 FOR*                            AGAINST
 RESOLUTIONS                                                                     Votes          % of votes cast  Votes          % of votes cast  Withheld**
 Ordinary Resolution 1                                                           270,396,354    99.79%           574,565        0.21%            4,075,502
 To receive the audited financial statements for the year ended 31 December
 2024 together with the Directors' Reports and the Auditors' Report
 Ordinary Resolution 2                                                           262,784,090    95.87%           11,332,678     4.13%            929,653
 To approve the Directors' remuneration report
 Ordinary Resolution 3                                                           257,969,209    94.11%           16,147,559     5.89%            929,653

 To approve the Directors' fees
 Ordinary Resolution 4                                                           269,545,158    99.49%           1,369,544      0.51%            4,131,719
 To reappoint Nexia Singapore PAC as auditor
 Ordinary Resolution 5                                                           270,397,917    99.81%           518,785        0.19%            4,129,719
 To set the remuneration of the auditors
 Ordinary Resolution 6                                                           265,397,926    97.96%           5,516,776      2.04%            4,131,719
 To re-elect Duncan Stuart Black as a Director of the Company
 Ordinary Resolution 7                                                           265,397,926    97.96%           5,516,776      2.04%            4,131,719

 To re-elect Graham Matthew Reid as a Director of the Company
 Ordinary Resolution 8                                                           261,344,940    95.33%           12,788,861     4.67%            912,620

 To authorise the Directors to allot and issue equity securities
 Ordinary Resolution 9                                                           34,885,322     12.73%           239,250,479    87.27%           910,620

 To authorise the Directors to dis-apply pre-emption rights, as set out in the
 notice of meeting
 Ordinary Resolution 10                                                          266,339,042    98.29%           4,630,622      1.71%            4,076,757

 To authorise the Directors to grant options and awards under the Company's
 Share Plans
 Ordinary Resolution 11                                                          261,348,218    96.44%           9,637,946      3.56%            4,060,257

 To authorise the Directors to make amendments to the Company's Share Plans
 Ordinary Resolution 12                                                          269,744,048    98.39%           4,408,253      1.61%            894,120

 To authorise the Directors to make market purchases of own shares
 Special Resolution 13                                                           268,202,357    97.83%           5,949,944      2.17%            894,120

 To authorise the Directors to make a name change
 Special Resolution 14                                                           249,312,103    90.95%           24,804,396     9.05%            929,922

 To authorise the Directors to amend the Company's constitution
 Ordinary Resolution 15                                                          259,444,857    94.34%           15,553,131     5.66%            48,433

 To authorise Directors' fees

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

 ** 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 the resolution.

 

As the date of the Annual General Meeting the Company had in issue 722,812,335
ordinary shares.

 

-ENDS-

 

For further information, please contact:

 

 SAE Renewables                                           +44 (0)7739 832 446

 Sean Parsons, Director of External Affair

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0)20 7409 3494

 Richard Johnson

 Rory Murphy

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0)20 3829 5000

 Louisa Waddell

 Simon Johnson

 

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy
projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is
also the owner of the Uskmouth Power Station site that is being repurposed
into a sustainable energy park, initially housing one of the UK's largest
battery energy storage projects. https://www.saerenewables.com/
(https://www.saerenewables.com/)

 

 

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