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Velocys PLC - Results of Annual General Meeting

RNS Number : 8525X
Velocys PLC
02 September 2020
 

News release

Velocys plc

("Velocys" or "the Company")

2 September 2020

 

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

%

%

1. To receive, consider and adopt the annual accounts of the Company as at 31 December 2019 and the Directors' and auditors' reports thereon

387,964,287

95.55

18,080,294

4.45

406,044,581

93,474

2. To re-elect Philip Holland

405,685,377

99.98

95,121

0.02

405,780,498

357,557

3. To re-elect Henrik Wareborn

405,685,377

99.98

93,358

0.02

405,778,735

359,320

4. To re-elect Andrew Morris

405,599,831

99.96

178,904

0.04

405,778,735

359,320

5. To re-elect Sandy Shaw

405,599,831

99.96

178,904

0.04

405,778,735

359,320

6. To re-elect Darran Messem

405,599,831

99.96

178,904

0.04

405,778,735

359,320

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

 

387,697,101

 

95.48

 

18,345,717

 

4.52

 

406,042,818

 

95,237

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

405,869,404

99.95

184,208

0.05

406,053,612

84,443

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

 

405,553,088

 

99.87

 

531,662

 

0.13

 

406,084,750

 

89,056

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

 

 

387,848,826

 

 

95.51

 

 

18,240,537

 

 

4.49

 

 

406,089,363

 

 

84,443

11. To authorise the Company to purchase its own shares

387,933,203

95.53

18,154,397

4.47

406,087,600

86,206

 

* '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

Numis Securities (Nomad and joint broker)

Stuart Skinner

 

+44 20 7260 1000

Canaccord Genuity (Joint broker)

Henry Fitzgerald-O'Connor

James Asensio

+44 20 7523 8000  

Radnor Capital (Investor relations)

Joshua Cryer

Iain Daly

+44 20 3897 1830

 

Field Consulting (PR)

Robert Jeffery

 +44 20 7096 7730

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

 

 

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 plants currently in construction and development.

 

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 technology developed at the Pacific Northwest National Laboratory. Velocys is headquartered in Oxford in the United Kingdom.

www.velocys.com

 

 

 

 




 

 

 

 

 

 

 

 

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