Ceres Power Holdings PLC

AGM Information • May 15, 2025

National Storage Mechanism | Additional information

RNS Number : 8924I

Ceres Power Holdings plc

15 May 2025

CWR.L

15 May 2025

Ceres Power Holdings plc ("Ceres", the "Company")

Result of Annual General Meeting

Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, 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 to the Annual General Meeting were as follows:

Resolution		For	%	Against	%	Withheld	%	Total Votes	%
1	REPORTS AND ACCOUNTS	113,274,604	99.91%	104,701	0.09%	1,034,995	0.91%	113,379,305	58.50%
2	RE-APPOINT AUDITOR	113,360,577	99.88%	141,770	0.12%	911,953	0.80%	113,502,347	58.57%
3	AUDITORS REMUNERATION	114,257,806	99.89%	129,782	0.11%	26,712	0.02%	114,387,588	59.02%
4	ELECT S PAYNTER	114,245,901	99.89%	126,530	0.11%	39,964	0.03%	114,372,431	59.02%
5	RE-ELECT K M BOMBA	113,765,672	99.47%	603,097	0.53%	43,626	0.04%	114,368,769	59.01%
6	RE-ELECT T BORUM BOJSEN	114,211,784	99.86%	156,436	0.14%	44,173	0.04%	114,368,220	59.01%
7	RE-ELECT C A BROWN	113,967,281	99.65%	397,824	0.35%	47,288	0.04%	114,365,105	59.01%
8	RE-ELECT W T BROWN	109,022,693	95.33%	5,342,592	4.67%	47,108	0.04%	114,365,285	59.01%
9	RE-ELECT P J CALDWELL	114,237,049	99.88%	133,307	0.12%	42,037	0.04%	114,370,356	59.02%
10	RE-ELECT W A FINEGOLD	113,588,909	99.32%	778,868	0.68%	44,616	0.04%	114,367,777	59.01%
11	RE-ELECT J E KING	112,863,447	99.45%	626,607	0.55%	922,339	0.81%	113,490,054	58.56%
12	RE-ELECT N SUN	114,214,850	99.87%	152,075	0.13%	45,468	0.04%	114,366,925	59.01%
13	ALLOT SHARES	108,047,072	94.46%	6,332,497	5.54%	34,731	0.03%	114,379,569	59.02%
14	REMUNERATION REPORT	91,073,893	79.67%	23,243,895	20.33%	96,512	0.08%	114,317,788	58.99%
15	POLITICAL DONATIONS	112,599,108	99.25%	847,333	0.75%	967,859	0.85%	113,446,441	58.54%
16	LONG TERM INCENTIVE PLAN	112,855,846	98.69%	1,501,741	1.31%	56,713	0.05%	114,357,587	59.01%
17	ALLOT EQUITY SECURITIES	109,242,098	95.54%	5,095,643	4.46%	76,559	0.07%	114,337,741	59.00%
18	ALLOT EQUITY SECURITIES 2	109,049,353	99.40%	663,661	0.60%	4,701,286	4.29%	109,713,014	56.61%
19	CALL GENERAL MEETING	112,870,763	98.71%	1,479,674	1.29%	63,863	0.06%	114,350,437	59.01%

NOTES:

1. Votes "For" include those votes giving discretion to the Chair.

2. 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.

3. The total number of shares in issue as at 10am BST on 15 May 2025 was 193,796,363 shares.

4. In accordance with Listing Rule 6.4.2 copies of the resolutions (other than those relating to ordinary business) will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism

Directors' Remuneration Report Resolution - Shareholder Consultation

The Board notes the 20.33% of votes against Resolution 14, the advisory resolution to receive and approve Directors' Remuneration Report ("DRR") for the year ended 31 December 2024. In accordance with the UK Corporate Governance Code 2024, and further to the shareholder engagement reported upon in the DRR, in the coming months, the Company, acting through the Remuneration and Nomination Committee Chair, will seek to engage with shareholders who voted against this resolution to understand the reasons behind their voting, and will provide an update on that engagement and any actions taken in response within six months.

A final summary of the views heard during this shareholder engagement will be included in the Annual Report and Accounts for the year ending 31 December 2025, and the explanatory notes to the relevant resolution to be put to shareholders at the Company's annual general meeting in 2026 will reflect the outcomes of the consultation and any actions taken as appropriate.

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

Ceres Power Holdings plc Dominic Murray (Company Secretary)	Tel: +44 (0)7526 196529
MHP Group (PR Adviser) Reg Hoare/ James McFarlane	Tel: +44 (0)7831 406117 Email: ceres@mhpgroup.com

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for the production of green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: 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. Read more on our website  www.ceres.tech  or follow us on  LinkedIn .

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