TIDMVLS
RNS Number : 6795P
Velocys PLC
21 June 2022
News release
Velocys plc
("Velocys" or "the Company")
21 June 2022
Results of Annual General Meeting
Velocys plc (VLS.L), the sustainable fuels technology company,
announces that, at its Annual General Meeting held earlier today,
all resolutions put to shareholders were duly passed by means of a
Poll.
Full details of the resolutions passed are set out in the Notice
of Meeting which is available on the Company's website
www.velocys.com .
Resolutions For / Discretion Against Total Vote withheld*
Number % Number %
------------ ------ ----------- -----
1. To receive, consider
and adopt the annual
accounts of the Company
as at 31 December
2021 and the Directors'
and auditors' reports
thereon 588,201,272 99.97 184,835 0.03 588,386,107 109,029
------------ ------ ----------- ----- ------------ ---------------
2. To approve the
Directors' Remuneration
Report for the year
ended 31 December
2021 550,447,082 99.32 3,788,593 0.68 554,235,675 34,259,461
------------ ------ ----------- ----- ------------ ---------------
3. To re-elect Philip
Holland 588,053,823 99.95 281,276 0.05 588,335,099 160,037
------------ ------ ----------- ----- ------------ ---------------
4. To re-elect Henrik
Wareborn 588,053,773 99.95 281,276 0.05 588,335,099 160,037
------------ ------ ----------- ----- ------------ ---------------
5. To re-elect Darran
Messem 588,053,823 99.95 281,276 0.05 588,335,099 160,037
------------ ------ ----------- ----- ------------ ---------------
6. To elect Ann Markey 588,124,814 99.96 210,285 0.04 588,335,099 160,037
------------ ------ ----------- ----- ------------ ---------------
7. To elect Tom Quigley 588,114,539 99.96 220,560 0.04 588,335,099 160,037
------------ ------ ----------- ----- ------------ ---------------
8. To re-appoint PricewaterhouseCoopers
LLP as auditors to
the Company 561,772,368 95.47 26,627,803 4.53 588,400,171 94,965
------------ ------ ----------- ----- ------------ ---------------
9. To authorise the
Directors to fix the
remuneration of the
auditors 584,869,771 99.40 3,513,336 0.60 588,386,107 109,029
------------ ------ ----------- ----- ------------ ---------------
10. To amend the Rules
of the Velocys plc
2021 Share Option
Scheme to reduce the
maximum dilution limit
from 25% to 10% of
the issued share capital 564,627,866 95.99 23,560,183 4.01 588,188,049 307,087
------------ ------ ----------- ----- ------------ ---------------
11. To authorise the
Directors to allot
equity securities
pursuant to the articles
of association of
the Company 587,883,154 99.92 483,300 0.08 588,366,454 178,682
------------ ------ ----------- ----- ------------ ---------------
12. To authorise the
Directors to allot
equity securities
for cash disapplying
pre-emption rights
in the Company's articles
of association 272,045,100 90.99 26,945,753 9.01 298,990,853 289,504,283
------------ ------ ----------- ----- ------------ ---------------
13. To authorise the
Company to purchase
its own shares 544,015,025 95.89 23,332,203 4.11 567,347,228 21,147,908
------------ ------ ----------- ----- ------------ ---------------
* 'Vote withheld' is not a vote in law and is not counted in the
calculation of the proportion of the votes 'For' and 'Against' a
resolution.
Confirmation of Directorate Change
As previously announced, Philip Sanderson will be appointed as
an Executive Director of the Company and as Chief Financial Officer
with effect from 22 June 2020. Andrew Morris did not stand for
re-election at the Annual General Meeting.
- Ends -
For further information, please contact: Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Director of Communications +44 1865 800821
Panmure Gordon (UK) Limited (Nomad and
Joint Broker)
Hugh Rich (Corporate Broking)
Emma Earl (Corporate Finance)
John Prior (Corporate Finance) +44 20 7886 2500
Shore Capital Stockbrokers Limited (Joint
Broker)
Henry Willcocks (Corporate Broking)
Toby Gibbs (Corporate Advisory)
James Thomas (Corporate Advisory) +44 20 7408 4090
Radnor Capital (Investor Relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
Buchanan (Financial PR)
Helen Tarbet
Simon Compton +44 20 7466 5000
--Ends-
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels
technology company, traded on the AIM, providing customers
with a technology solution to enable the production of negative
Carbon Intensity synthetic, drop-in fuels from a variety of
waste materials. Synthetic fuel is the only commercially available,
permanent alternative to fossil aviation fuels. The Velocys
technology is IP-protected in all major jurisdictions.
Two reference projects (Bayou Fuels, US, and Altalto, UK)
are designed to accelerate the adoption and standardise the
Velocys proprietary Fischer Tropsch (FT) technology with an
integrated end to end solution, including renewable power
and carbon sequestration.
Velocys is enabling commercial scale synthetic fuel production
in response to the clean energy transition, with significant
additional positive air quality impacts.
www.velocys.com
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END
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