Company Announcements

AGM Statement

Source: RNS
RNS Number : 0114X
SIMEC Atlantis Energy Limited
18 July 2024
 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

18 July 2024

Result of AGM

 

SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed.

 

All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution 8 to understand their reasoning.

 

The results of the votes are set out below:


FOR*

AGAINST

 

RESOLUTIONS

Votes

% of votes cast

Votes

% of votes cast

Withheld**

Ordinary Resolution 1

270,827,984

 

100.00%

0

 0.00%

1,000

To receive the financial statements for the year ended 31 December 2023 together with Directors' Reports and the Auditors' Report

Ordinary Resolution 2

235,459,318

87.14%

34,737,149

 12.86%

632,517

To approve the Remuneration Report and Directors' fee

Ordinary Resolution 3

270,459,743

 

99.89%

300,000

 0.11%

69,241

To reappoint Nexia Singapore PAC as audit

Ordinary Resolution 4

270,525,984

99.89%

300,000

 0.11%

3,000

To set the remuneration of the auditors

Ordinary Resolution 5

235,541,570

87.15%

34,721,138

 12.85%

566,276

To re-elect John Anthony Clifford Woodley as a director of the Company

Ordinary Resolution 6

To re-elect Simon Matthew Hirst as a director of the Company

269,962,008

99.89%

300,700

 0.11%

566,276

Special Resolution 7

To authorise the directors to allot and issue equity securities

257,343,705

95.23%

12,896,916

 4.77%

588,363

Special Resolution 8

To authorise the directors to dis-apply pre-emption rights, as set out in the notice of meeting

7,839,111

2.90%

262,319,356

 97.10%

670,517

Special Resolution 9

To authorise the directors to grant options and awards under the Company's Share Plans

240,470,246

88.98%

29,770,375

11.02%

588,363

Special Resolution 10

To authorise the directors to make market purchases of own shares

253,901,589

93.76%

16,904,308

6.24%

23,087

 

*Votes received for the resolutions includes votes allowing the Chairman's discretion.

** A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.

 

As the date of the Annual General Meeting the Company had in issue 722,812,335 ordinary shares.

 

-ENDS-

 

For further information, please contact:

 

SAE Renewables

Sean Parsons, Director of External Affair

+44 (0)7739 832 446



Strand Hanson Limited (Nominated and Financial Adviser)

Richard Johnson

Rory Murphy

David Asquith

+44 (0)20 7409 3494

 

 

Zeus Capital Limited (Broker)

Louisa Waddell

Simon Johnson

 

+44 (0)20 3829 5000

 

Notes to Editors

SAE Renewables is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects. https://www.saerenewables.com/

 

 

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