REG - Velocys PLC - Results of Annual General Meeting

VelocysAnnouncement

21/06/2022 15:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220621:nRSU6795Pa&default-theme=true

RNS Number : 6795P  Velocys PLC  21 June 2022

News release

Velocys plc

("Velocys" or "the Company")

21 June 2022

 

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
(http://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   588,201,272  99.97      184,835     0.03  588,386,107  109,029
 December 2021 and the Directors' and auditors' reports thereon
 2.  To approve the Directors' Remuneration Report for the year ended 31         550,447,082  99.32      3,788,593   0.68  554,235,675  34,259,461
 December 2021

 3. To re-elect Philip Holland                                                   588,053,823  99.95      281,276     0.05  588,335,099  160,037
 4. To re-elect Henrik Wareborn                                                  588,053,773  99.95      281,276     0.05  588,335,099  160,037
 5. To re-elect Darran Messem                                                    588,053,823  99.95      281,276     0.05  588,335,099  160,037
 6. To elect Ann Markey                                                          588,124,814  99.96      210,285     0.04  588,335,099  160,037
 7. To elect Tom Quigley                                                         588,114,539  99.96      220,560     0.04  588,335,099  160,037
 8. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company          561,772,368  95.47      26,627,803  4.53  588,400,171  94,965
 9. To authorise the Directors to fix the remuneration of the auditors           584,869,771  99.40      3,513,336   0.60  588,386,107  109,029
 10. To amend the Rules of the Velocys plc 2021 Share Option Scheme to reduce    564,627,866  95.99      23,560,183  4.01  588,188,049  307,087
 the maximum dilution limit from 25% to 10% of the issued share capital
 11. To authorise the Directors to allot equity securities pursuant to the       587,883,154  99.92      483,300     0.08  588,366,454  178,682
 articles of association of the Company
 12. To authorise the Directors to allot equity securities for cash disapplying  272,045,100  90.99      26,945,753  9.01  298,990,853  289,504,283
 pre-emption rights in the Company's articles of association
 13. To authorise the Company to purchase its own shares                         544,015,025  95.89      23,332,203  4.11  567,347,228  21,147,908

 

* '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.

 

Confirmation of Directorate Change

 

As previously announced, Philip Sanderson will be appointed as an Executive
Director of the Company and as Chief Financial Officer with effect from 22
June 2020. Andrew Morris did not stand for re-election at the Annual General
Meeting.

 

- Ends -

 

 For further information, please contact:

Velocys                                               +44 1865 800821

 Henrik Wareborn, CEO

 Andrew Morris, CFO

 Lak Siriwardene, Director of Communications

 Panmure Gordon (UK) Limited (Nomad and Joint Broker)  +44 20 7886 2500

 Hugh Rich (Corporate Broking)

 Emma Earl (Corporate Finance)

 John Prior (Corporate Finance)

 Shore Capital Stockbrokers Limited (Joint Broker)     +44 20 7408 4090

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)

 Radnor Capital (Investor Relations)                   +44 20 3897 1830

 Joshua Cryer

 Iain Daly

 Buchanan (Financial PR)                               +44 20 7466 5000

 Helen Tarbet

 Simon Compton

 

 --Ends-

 Notes to Editors

 Velocys is an LSE-listed, international sustainable fuels technology company,
 traded on the AIM, providing customers with a technology solution to enable
 the production of negative Carbon Intensity synthetic, drop-in fuels from a
 variety of waste materials. Synthetic fuel is the only commercially available,
 permanent alternative to fossil aviation fuels. The Velocys technology is
 IP-protected in all major jurisdictions.

 Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to
 accelerate the adoption and standardise the Velocys proprietary Fischer
 Tropsch (FT) technology with an integrated end to end solution, including
 renewable power and carbon sequestration.

 Velocys is enabling commercial scale synthetic fuel production in response to
 the clean energy transition, with significant additional positive air quality
 impacts.

 www.velocys.com

 

--Ends-

 

Notes to Editors

 

Velocys is an LSE-listed, international sustainable fuels technology company,
traded on the AIM, providing customers with a technology solution to enable
the production of negative Carbon Intensity synthetic, drop-in fuels from a
variety of waste materials. Synthetic fuel is the only commercially available,
permanent alternative to fossil aviation fuels. The Velocys technology is
IP-protected in all major jurisdictions.

 

Two reference projects (Bayou Fuels, US, and Altalto, UK) are designed to
accelerate the adoption and standardise the Velocys proprietary Fischer
Tropsch (FT) technology with an integrated end to end solution, including
renewable power and carbon sequestration.

Velocys is enabling commercial scale synthetic fuel production in response to
the clean energy transition, with significant additional positive air quality
impacts.

www.velocys.com

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGXFLFLLQLEBBK