REG - Velocys PLC - Results of Annual General Meeting
RNS Number : 8525XVelocys PLC02 September 2020News release
Velocys plc
("Velocys" or "the Company")
2 September 2020
Results of Annual General Meeting
Velocys plc (VLS.L), the sustainable fuels technology company, announces that, at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed by means of a Poll.
Full details of the resolutions passed are set out in the Notice of Meeting which is available on the Company's website www.velocys.com.
Resolutions
For / Discretion
Against
Total
Vote withheld*
Number
%
Number
%
1. To receive, consider and adopt the annual accounts of the Company as at 31 December 2019 and the Directors' and auditors' reports thereon
387,964,287
95.55
18,080,294
4.45
406,044,581
93,474
2. To re-elect Philip Holland
405,685,377
99.98
95,121
0.02
405,780,498
357,557
3. To re-elect Henrik Wareborn
405,685,377
99.98
93,358
0.02
405,778,735
359,320
4. To re-elect Andrew Morris
405,599,831
99.96
178,904
0.04
405,778,735
359,320
5. To re-elect Sandy Shaw
405,599,831
99.96
178,904
0.04
405,778,735
359,320
6. To re-elect Darran Messem
405,599,831
99.96
178,904
0.04
405,778,735
359,320
7. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company
387,697,101
95.48
18,345,717
4.52
406,042,818
95,237
8. To authorise the Directors to fix the remuneration of the auditors
405,869,404
99.95
184,208
0.05
406,053,612
84,443
9. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company
405,553,088
99.87
531,662
0.13
406,084,750
89,056
10. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association
387,848,826
95.51
18,240,537
4.49
406,089,363
84,443
11. To authorise the Company to purchase its own shares
387,933,203
95.53
18,154,397
4.47
406,087,600
86,206
* 'Vote withheld' is not a vote in law and is not counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.
- Ends -
For further information, please contact:
Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Head of Communications & Sustainability
+44 1865 800821
Numis Securities (Nomad and joint broker)
Stuart Skinner
+44 20 7260 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
James Asensio
+44 20 7523 8000
Radnor Capital (Investor relations)
Joshua Cryer
Iain Daly
+44 20 3897 1830
Field Consulting (PR)
Robert Jeffery
+44 20 7096 7730
Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.
Notes to Editors
Velocys is an international UK-based sustainable fuels technology company. Velocys designed, developed and now licenses proprietary Fischer-Tropsch technology for the generation of clean, low carbon, synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants currently in construction and development.
Velocys is at present developing two reference projects: one in Natchez, Mississippi, USA (incorporating Carbon Capture, Utilisation and Storage) and one in Immingham, UK, to produce fuels that significantly reduce both greenhouse gas emissions and key exhaust pollutants for aviation and road transport. Originally a spin-out from Oxford University, in 2008 the company acquired a US company based on complementary technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.
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