PPG Plutus Powergen Plc

TIDMPPG

RNS Number : 4823Z

Plutus PowerGen PLC

10 January 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

10 January 2020

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

Result of General Meeting

The Board of Plutus announces that at the General Meeting of the Company held earlier today, a poll was taken on each of the resolutions proposed. Resolutions 1 to 3 pertaining to the removal of Charles Tatnall, James Longley and Tim Cottier were not passed. Resolutions 4 to 6 pertaining to the appointment of Nicholas Lee, David Horner and Dr. Nigel Burton were not passed.

Accordingly, the board of the Company will remain unchanged and be composed of Charles Tatnall (Executive Chairman), James Longley, (Interim CEO and Chief Financial Officer) and Tim Cottier (Non-Executive Director).

The results of each resolution are set out below and will also be available on the Company's website shortly.

 
 Resolution   Detail                        For (%)   For Number    Against   Against 
                                                       of Shares     (%)       Number 
                                                                               of Shares 
 
              THAT Charles Tatnall 
               be and is hereby removed 
               as a director of the 
               Company pursuant to 
               sections 168 and 312 
               of the Companies Act 
 1             2006                         45.9%     271,173,372   54.1%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
              THAT James Longley 
               be and is hereby removed 
               as a director of the 
               Company pursuant to 
               sections 168 and 312 
               of the Companies Act 
 2             2006                         45.9%     271,173,372   54.1%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
              THAT Tim Cottier be 
               and is hereby removed 
               as a director of the 
               Company pursuant to 
               sections 168 and 312 
               of the Companies Act 
 3             2006                         45.9%     271,093,372   54.1%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
              THAT Nicholas Lee be 
               and is hereby appointed 
               as a director of the 
               Company (with such 
               appointment taking 
               immediate and simultaneous 
               effect) pursuant to 
               sections 168 and 312 
               of the Companies Act 
 4             2006                         45.9%     271,173,372   54.1%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
              THAT David Horner be 
               and is hereby appointed 
               as a director of the 
               Company (with such 
               appointment taking 
               immediate and simultaneous 
               effect) pursuant to 
               sections 168 and 312 
               of the Companies Act 
 5             2006                         45.8%     269,457,807   54.2%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
              THAT Dr. Nigel Burton 
               be and is hereby appointed 
               as a director of the 
               Company (with such 
               appointment taking 
               immediate and simultaneous 
               effect) pursuant to 
               sections 168 and 312 
               of the Companies Act 
 6             2006                         45.9%     271,173,372   54.1%     319,487,225 
             ----------------------------  --------  ------------  --------  ------------ 
 

Votes "For" and "Against" are expressed as a percentage of votes received. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution. Votes were cast for a total of 590,673,003 ordinary shares of 0.1 pence, representing 68% of the total number of votes capable of being cast at the GM for every resolution. The Company's issued share capital as at today's date is 872,534,994 ordinary shares and the number of votes per share is one. Each of the resolutions were proposed as ordinary resolutions. 12,406 votes were withheld for resolutions 1, 2,4 and 6. 92,406 votes were withheld for resolution 3. 1,727,971 votes were withheld for resolution 5.

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

 
                                               +44 (0) 20 8720 
 Plutus PowerGen Plc                            6562 
 Charles Tatnall, Executive Chairman 
 
 Allenby Capital Limited (Nominated Adviser    +44 (0)20 3328 
  and Joint Broker)                             5656 
 Nick Athanas 
  James Hornigold 
 
 Turner Pope Investments (TPI) Limited         +44 (0) 20 3657 
  (Joint Broker)                                0050 
 Andy Thacker 
 
 St Brides Partners Limited (Financial         +44 (0)20 7236 
  PR)                                           1177 
 Isabel de Salis 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 10, 2020 07:50 ET (12:50 GMT)

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