ITM POWER PLC — AGM Information 2021

Oct 29, 2021

National Storage Mechanism | Additional information

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 £58.8 million fundraising, including an investment 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. ITM Power signed a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. In November 2020, ITM Power completed a £172m fundraising, including a £30m 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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