Powerhouse Energy Group PLC Result of AGM and Directorate Update (8678F)

TIDMPHE

RNS Number : 8678F

Powerhouse Energy Group PLC

09 November 2022

9 November 2022

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

Result of AGM and Directorate Update

Powerhouse Energy Group plc (AIM: PHE), a company pioneering integrated technology which converts non-recyclable waste into low carbon energy , announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed.

The results of the votes are set out below:

 
                                    FOR*                     AGAINST 
                         -------------------------  ------------------------ 
                                        % of votes                % of votes 
 RESOLUTIONS                 Votes       cast          Votes       cast         Abstain 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  1 
                         ------------  -----------  -----------  -----------  ----------- 
 To receive the 
  financial statements 
  for the year 
  ended 31 December 
  2021 together 
  with Directors' 
  Reports and the 
  Auditors' Report        217,576,010    100.00%       4,000        0.00%       396,627 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  2 
                         ------------  -----------  -----------  -----------  ----------- 
 To approve the 
  Remuneration 
  Report                  215,268,564     99.72%      601,133       0.28%      2,106,940 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  3 
                         ------------  -----------  -----------  -----------  ----------- 
 To reappoint 
  Jeffreys Henry 
  LLP as audit 
  and authorise 
  the directors 
  to fix their 
  remuneration            214,504,144     99.35%     1,406,195      0.65%      2,066,298 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  4 
                         ------------  -----------  -----------  -----------  ----------- 
 To re-elect Keith 
  Riley as a director 
  of the Company          202,850,308     99.14%     1,761,434      0.86%      13,364,895 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  5 
                         ------------  -----------  -----------  -----------  ----------- 
 To re-elect Paul 
  Emmitt as a director 
  of the Company          214,643,579     99.82%      385,573       0.18%      2,947,485 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  6 
  To re-appoint 
  Hugh McAlister 
  as a director 
  of the Company          201,725,979     93.55%     13,903,173     6.45%      2,347,485 
                         ------------  -----------  -----------  -----------  ----------- 
 Ordinary Resolution 
  7 
  To authorise 
  the directors 
  to allot and 
  issue equity 
  securities              209,081,684     96.31%     8,004,467      3.69%       890,486 
                         ------------  -----------  -----------  -----------  ----------- 
 Special Resolution 
  8 
  To authorise 
  the directors 
  to dis-apply 
  pre-emption rights, 
  as set out in 
  the notice of 
  meeting                 198,601,608     91.46%     18,554,877     8.54%       820,152 
                         ------------  -----------  -----------  -----------  ----------- 
 
   *Votes received for the resolutions includes votes allowing 
   the Chairman's discretion.

As announced on 15 August 2022, Non-executive Directors Myles Kitcher and Gill Weeks did not offer themselves for re-election at today's AGM and have stepped down from the Powerhouse board with immediate effect. The Company intends to make further appointments in due course.

-ENDS-

For more information, contact:

 
Powerhouse Energy Group plc                           via Tavistock 
Keith Riley 
 
WH Ireland Limited (Nominated Adviser)         +44 (0) 207 220 1666 
James Joyce and Enzo Aliaj 
 
Turner Pope Investments (TPI) Ltd 
 (Joint Broker)                                +44 (0) 203 657 0050 
Andrew Thacker and James Pope 
 
Tavistock Communications (Financial 
 PR)                                          +44 (0) 020 7920 3150 
Simon Hudson, Nick Elwes, Heather        powerhouse@tavistock.co.uk 
 Armstrong

Notes to Editors:

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste plastic, end-of-life-tyres, and other waste streams to convert them efficiently and economically into syngas from which valuable products such as chemical precursors, hydrogen, electricity, heat and other industrial products may be derived.

Powerhouse Energy's process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.co.uk

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END

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November 09, 2022 07:53 ET (12:53 GMT)

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