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*
Resolutions	Number	%	Number	%	Total	Vote withheld*
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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