ITM Itm Power Plc

TIDMITM

RNS Number : 7564Q

ITM Power PLC

29 October 2021

29 October 2021

ITM Power plc

("ITM Power" or the "Company")

Result of Annual General Meeting

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that all resolutions put to shareholders were duly passed on a poll at the Company's Annual General Meeting, which took place at 2 Bessemer Park, Sheffield, S9 1DZ at 10:00 this morning.

The votes cast were as follows:

 
                                     For                Against         Withheld 
 Ordinary Resolutions:          Votes        %       Votes        % 
                            ------------  ------  -----------  ------  ---------- 
 1 - Annual Report 
  and Accounts               245,205,684   99.99     20,301     0.01    1,967,445 
                            ------------  ------  -----------  ------  ---------- 
 2 - Directors' 
  Remuneration Report        176,214,513   71.30   70,929,249   28.70    49,668 
                            ------------  ------  -----------  ------  ---------- 
 3 - Elect Tom Rae           230,749,532   93.36   16,420,227   6.64     23,671 
                            ------------  ------  -----------  ------  ---------- 
 4 - Re-elect Andrew 
  Allen                      240,243,118   97.20   6,927,981    2.80     22,331 
                            ------------  ------  -----------  ------  ---------- 
 5 - Re-elect Dr 
  Graham Cooley              223,481,701   90.43   23,659,161   9.57     52,568 
                            ------------  ------  -----------  ------  ---------- 
 6 - Re-appoint 
  Grant Thornton 
  as auditors                240,313,996   97.22   6,860,990    2.78     18,444 
                            ------------  ------  -----------  ------  ---------- 
 7 - Directors' 
  authority to allot 
  shares                     226,015,075   94.02   14,366,321   5.98    6,812,034 
                            ------------  ------  -----------  ------  ---------- 
 Special Resolution: 
                            ------------  ------  -----------  ------  ---------- 
 8 - Disapply pre-emption 
  rights                     237,495,481   96.09   9,668,755    3.91     29,194 
                            ------------  ------  -----------  ------  ---------- 
 

For further information, please visit www.itm-power.com or contact:

 
 ITM Power plc                                (0)114 244 5111 
 James Collins, Head of Investor Relations 
  Helen Baker, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                                 (0)20 7597 5970 
 Jeremy Ellis / Chris Sim / Ben Griffiths 
 
 Tavistock (Financial PR and IR)              (0)20 7920 3150 
 Simon Hudson / Tim Pearson 
 

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a GBP58.8 million fundraising, including an investment by Linde of GBP38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. ITM Power signed a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. In November 2020, ITM Power completed a GBP172m fundraising, including a GBP30m investment by Snam, one of the world's leading energy infrastructure operators. ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum. ITM Power received an order for the world's largest PEM electrolyser of 24MW from Linde in January 2021. Other customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and Anglo American among others.

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October 29, 2021 07:06 ET (11:06 GMT)

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