ITM POWER PLC — AGM Information 2020

Oct 29, 2020

National Storage Mechanism | Additional information

RNS Number : 6434D

ITM Power PLC

29 October 2020

29 October 2020

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 at the Company's Annual General Meeting, which took place virtually at 10:00 this morning.

The votes cast at the General Meeting were as follows:

	For		Against		Withheld
Ordinary Resolution	Votes	%	Votes	%
1	96,081,318	97.58	2,365,315	2.4	1,992,576
2	77,717,018	90.89	7,768,054	9.09	14,954,137
3	92,996,158	92.75	7,250,463	7.23	192,588
4	64,590,413	71.04	26,307,622	28.94	9,541,174
Special Resolution
5	88,370,867	94.42	5,208,411	5.56	6,859,831
6	96,703,947	96.46	3,531,236	3.52	204,026

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

ITM Power plc	(0)114 263 7646
James Collins/Nicola Ham Edmonds
Investec Bank plc (Nominated Adviser and Broker)	(0)20 7597 5970
Jeremy Ellis / Chris Sim
Tavistock (Financial PR and IR)	(0)20 7920 3150
Simon Hudson / Barney Hayward / Edward Lee

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 £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering renewable hydrogen to large scale industrial projects worldwide.  In October 2020, ITM Power announced a proposed equity fund raise of at least £165m, including £30m from Snam, one of the world's leading energy infrastructure operators. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, Phillips 66, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

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