ITM POWER PLC — AGM Information 2023

Sep 29, 2023

National Storage Mechanism | Additional information

RNS Number : 2329O

ITM Power PLC

29 September 2023

29 September 2023

ITM Power plc

("ITM Power" or the "Company")

Result of Annual General Meeting

ITM Power (AIM: ITM) 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	244,112,240	99.98%	41,159	0.02%	94,783
2 - Directors' Remuneration Report	180,871,969	74.15%	63,065,662	25.85%	310,551
3 - Elect Dennis Schulz	242,991,393	99.55%	1,104,459	0.45%	152,330
4 - Re-elect Sir Roger Bone	208,959,171	85.60%	35,141,804	14.40%	147,207
5 - Re-elect Jürgen Nowicki	231,528,624	94.85%	12,563,605	5.15%	155,953
6 - Re-appoint Grant Thornton as auditors	237,199,300	97.18%	6,875,229	2.82%	173,653
7 - Directors' authority to determine the auditors remuneration	243,890,662	99.90%	247,450	0.10%	110,070
8 - Directors' authority to allot shares	236,327,776	99.46%	1,274,469	0.54%	6,645,937
Special Resolution:
9 - Disapply pre-emption rights	236,053,219	96.71%	8,027,276	3.29%	167,687

Resolution 2

The Company was pleased that the Directors' Remuneration Report was supported in a vote at today's Annual General Meeting.  It also notes that a significant minority were not able to support the resolution at this time. The Company values our shareholders' views on Remuneration and will continue to engage to ensure it fully understands the opinions of shareholders on these matters, and to continue to explain the rationale for our decisions and policies relating to Directors' pay. 

Notes:

1.    Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

2.    Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

3.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against".

4.    The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.itm-power.com/investors/shareholder-documents

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

ITM Power plc
James Collins, Head of Corporate Affairs Justin Scarborough, Head of Investor Relations	+44 (0)114 551 1205 +44 (0)114 551 1080
Investec Bank plc (Nominated Adviser and Broker)	+44 (0)20 7597 5970
James Rudd / Chris Sim / Ben Griffiths

About ITM Power plc:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures  electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.

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