REG - Velocys PLC - Results of Annual General Meeting

VelocysAnnouncement

28/06/2023 14:30

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RNS Number : 2738E  Velocys PLC  28 June 2023

News release

Velocys plc

("Velocys" or "the Company")

28 June 2023

 

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   681,397,304   99.93                   0.07   681,868,114
 December 2022 and the Directors' and auditors' reports thereon

                                                                                                          470,810                           144,467

 2.  To approve by way of an advisory vote the Directors' Remuneration Report    539,558,962   93.75      35,971,806   6.25   575,530,768   106,481,813
 for the year ended 31 December 2022

 3. To re-elect Philip Holland                                                   680,656,978   99.89      770,852      0.11   681,427,830   584,751
 4. To re-elect Henrik Wareborn                                                  680,656,978   99.89      770,852      0.11   681,427,830   584,751
 5. To re-elect Darran Messem                                                    680,656,978   99.89      770,852      0.11   681,427,830   584,751
 6. To re-elect Ann Markey                                                       680,817,192   99.91      610,638      0.09   681,427,830   584,751
 7. To re-elect Tom Quigley                                                      680,656,978   99.89      757,068      0.11   681,414,046   598,535
 8. To elect Philip Sanderson                                                    680,703,344   99.89      754,486      0.11   681,457,830   554,751
 9. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company

                                                                                 649,763,872   95.33      31,799,707   4.67   681,563,579   449,002
 10. To authorise the Directors to fix the remuneration of the auditors

                                                                                 681,342,842   99.92      525,272      0.08   681,868,114   144,467
 11. To authorise the Directors to allot equity securities pursuant to the
 articles of association of the Company

                                                                                 680,577,423   99.81      1,290,651    0.19   681,868,074   144,507
 12. To authorise the Directors to allot equity securities for cash disapplying
 pre-emption rights in the Company's articles of association

                                                                                 648,948,195   95.21      32,659,651   4.79   681,607,846   404,735
 13. To authorise the Company to purchase its own shares                         649,873,045   95.33      31,810,069   4.67   681,683,114   329,467

 

* '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.

 

 

 

 For further information, please contact:

Velocys

 Henrik Wareborn, CEO

 Philip Sanderson, CFO

 +44 1865 800821

 Panmure Gordon (UK) Limited (Nomad and Joint Broker)

 Hugh Rich (Corporate Broking)

 Emma Earl (Corporate Finance)

John Prior (Corporate Finance)

 +44 20 7886 2500

 Shore Capital Stockbrokers Limited (Joint Broker)

 Henry Willcocks (Corporate Broking)

 Toby Gibbs (Corporate Advisory)

 James Thomas (Corporate Advisory)

 +44 20 7408 4090

 Radnor Capital (Investor Relations)

 Joshua Cryer

 Iain Daly

 +44 20 3897 1830

 Buchanan (Financial PR)

 Helen Tarbet

 Simon Compton

 +44 20 7466 5000

 

 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.

 

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.

 

 

 

 

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