REG - Velocys PLC - Result of AGM

VelocysAnnouncement

23/06/2021 14:40

RNS Number : 8858C
  
Velocys PLC
  
23 June 2021
  
 

News release
Velocys plc
("Velocys" or "the Company")
23 June 2021
 
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 2020 and the Directors' and auditors' reports thereon


368,636,205


99.98


62,775


0.02


368,698,980


18,097,005




2.  To approve the Directors' Remuneration Report for the year ended 31 December 2020


386,146,027


99.89


430,540


0.11


386,576,567


219,418




3. To re-elect Philip Holland 


386,525,679


99.94


246,099


0.06


386,771,778


24,207




4. To re-elect Henrik Wareborn


386,525,679


99.94


246,099


0.06


386,771,778


24,207




5. To re-elect Andrew Morris


386,525,679


99.94


246,099


0.06


386,771,778


24,207




6. To re-elect Sandy Shaw


386,275,679


99.87


496,099


0.13


386,771,778


24,207




7. To re-elect Darran Messem


386,275,493


99.87


496,099


0.13


386,771,592


24,393




8. To re-appoint PricewaterhouseCoopers LLP as auditors to the Company


368,440,178


95.26


18,331,414


4.74


386,771,592


24,393




9. To authorise the Directors to fix the remuneration of the auditors 


386,468,294


99.92


312,911


0.08


386,781,205


14,780




10. To approve the Rules of the Velocys plc 2021 Share Option Scheme


301,567,453


99.85


443,942


0.15


302,011,395


84,784,590




11. To authorise the Directors to allot equity securities pursuant to the articles of association of the Company


386,206,759


99.86


558,437
 


0.14


386,765,196


30,789




12. To authorise the Directors to allot equity securities for cash disapplying pre-emption rights in the Company's articles of association


368,176,214


95.19


18,588,982


4.81


386,765,196


30,789




13. To authorise the Company to purchase its own shares


350,642,069


90.66


36,132,740


9.34


386,774,809


21,176



 
* '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




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)
Sarah Mather (Corporate Advisory)


+44 20 7408 4090




Radnor Capital (Investor Relations)
Joshua Cryer
Iain Daly


+44 20 3897 1830
 




Field Consulting (General PR)
Rob Jeffery


+44 20 3697 7953



 
--Ends-
 
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.
 
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 reactor technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom. 
www.velocys.com
 





































 

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