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VLS - Velocys News Story

4.42p -0.1  -1.8%

Last Trade - 30/07/21

Market Cap £48.0m
Enterprise Value £36.2m
Revenue £178k
Position in Universe 1246th / 1800

Velocys PLC - Result of AGM

Wed 23rd June, 2021 2:38pm
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

%

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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