Ceres Power Holdings PLC

AGM Information • May 5, 2022

National Storage Mechanism | Additional information

RNS Number : 5050K

Ceres Power Holdings plc

05 May 2022

5 May 2022

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Result of the Annual General Meeting

Ceres Power Holdings plc (AIM: CWR) is pleased to announce that at the Annual General Meeting of shareholders held earlier today at RPC, Tower Bridge House, St Katharine's Way, London, E1W 1AA, all resolutions were duly passed. 

The results of the poll vote on the resolutions put at the Annual General Meeting were as follows:

	Number of votes for and discretionary (% of votes cast)	Number of votes against (% of votes cast)	Number of votes withheld	Total number of votes cast exc. votes withheld	% of issued share capital represented by the votes cast
Ordinary Resolutions
1. To receive and consider the accounts of the Company for the financial period ended 31 December 2021, together with the reports of the Directors of the Company (the "Board") and the auditor of the Company on those accounts.	133,190,576 (100.00%)	3,585 (0.00%)	1,205,716	133,194,161	69.78%
2. To re-appoint BDO LLP as auditor of the Company, to hold office until the conclusion of the next Annual General Meeting.	134,030,870 (99.73%)	360,224 (0.27%)	8,783	134,391,094	70.40%
3. To authorise the Board, through the Audit Committee, to fix its auditor's remuneration.	133,313,536 (99.19%)	1,082,106 (0.81%)	4,235	134,395,642	70.40%
4. To elect Professor Dame Julia King, who has been appointed by the Board since the last Annual General Meeting, as a Director of the Company.	134,372,840 (99.98%)	22,300 (0.02%)	4,737	134,395,140	70.40%
5. To elect Mr Eric Daniel Lakin, who has been appointed by the Board since the last Annual General Meeting, as a Director of the Company.	133,597,585 (99.41%)	796,244 (0.59%)	6,048	134,393,829	70.40%
6. To elect Trine Borum Bojsen, who has been appointed by the Board since the last Annual General Meeting, as a Director of the Company.	134,382,055 (99.99%)	11,774 (0.01%)	6,048	134,393,829	70.40%
7. To re-elect Mr Stephen Callaghan, who is retiring by rotation, as a Director of the Company.	132,254,215 (98.41%)	2,137,964 (1.59%)	7,698	134,392,179	70.40%
8. To re-elect Mr Warren Alan Finegold, who is retiring by rotation, as a Director of the Company.	125,773,878 (95.36%)	6,116,149 (4.64%)	2,509,850	131,890,027	69.09%
9. To re-elect Mr Uwe Klaus Glock, who is retiring by rotation, as a Director of the Company.	132,733,134 (98.77%)	1,656,241 (1.23%)	10,502	134,389,375	70.40%
10.          To authorise the Directors to allot certain shares pursuant to section 551 of the Companies Act 2006 (the "2006 Act").	125,210,273 (93.78%)	8,302,387 (6.22%)	887,217	133,512,660	69.94%
Special Resolutions
11.          To authorise the Directors to allot shares for cash without the application of statutory pre-emption rights in certain instances, as if section 561 of the 2006 Act did not apply.	128,275,363 (98.77%)	1,601,343 (1.23%)	4,523,171	129,876,706	68.04%
12.          To further authorise the Directors to allot shares for cash without the application of statutory pre-emption rights in certain instances, as if section 561 of the 2006 Act did not apply, for the purposes of financing transactions.	124,895,451 (96.16%)	4,983,755 (3.84%)	4,520,671	129,879,206	68.04%
13.          To adopt new articles of association.	133,501,305 (99.34%)	891,322 (0.66%)	7,250	134,392,627	70.40%

NOTES:

1. All resolutions were passed.

2. Votes "For" and "Against" are expressed as a percentage of votes received.

3. A "Vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

4. The total number of shares in issue as at 10am BST on 3 May 2022 was 190,890,745 shares.

For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc Elizabeth Skerritt	Tel: +44(0)7932 023 283
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis/ Patrick Robb/ Ben Griffiths	Tel: +44 (0)207 597 5970
Berenberg (Joint Broker) Ben Wright/ Mark Whitmore	Tel: +44 (0)203 207 7800
FTI Consulting (Financial PR) Dwight Burden	Tel: +44 (0)203 727 1000 Email: ceres_power@fticonsulting.com

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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