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AGM Results

31st Jul 2025 17:08

RNS Number : 4843T
SIMEC Atlantis Energy Limited
31 July 2025
 

SIMEC Atlantis Energy Limited

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

 

31 July 2025

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 resolution 9 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 9 to understand their reasoning.

 

The results of the poll are set out below:

FOR*

AGAINST

 

 

RESOLUTIONS

Votes

% of votes cast

Votes

% of votes cast

Withheld**

 

Ordinary Resolution 1

270,396,354

99.79%

574,565

0.21%

4,075,502

 

To receive the audited financial statements for the year ended 31 December 2024 together with the Directors' Reports and the Auditors' Report

 

Ordinary Resolution 2

262,784,090

95.87%

11,332,678

4.13%

929,653

 

To approve the Directors' remuneration report

 

Ordinary Resolution 3

To approve the Directors' fees

257,969,209

94.11%

16,147,559

5.89%

929,653

 

Ordinary Resolution 4

269,545,158

99.49%

1,369,544

0.51%

4,131,719

 

To reappoint Nexia Singapore PAC as auditor

 

Ordinary Resolution 5

270,397,917

99.81%

518,785

0.19%

4,129,719

 

To set the remuneration of the auditors

 

Ordinary Resolution 6

265,397,926

97.96%

5,516,776

2.04%

4,131,719

 

To re-elect Duncan Stuart Black as a Director of the Company

 

Ordinary Resolution 7

To re-elect Graham Matthew Reid as a Director of the Company

265,397,926

97.96%

5,516,776

2.04%

4,131,719

 

Ordinary Resolution 8

To authorise the Directors to allot and issue equity securities

261,344,940

95.33%

12,788,861

4.67%

912,620

 

Ordinary Resolution 9

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

34,885,322

12.73%

239,250,479

87.27%

910,620

 

Ordinary Resolution 10

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

266,339,042

98.29%

4,630,622

1.71%

4,076,757

 

Ordinary Resolution 11

To authorise the Directors to make amendments to the Company's Share Plans

261,348,218

96.44%

9,637,946

3.56%

4,060,257

 

Ordinary Resolution 12

To authorise the Directors to make market purchases of own shares

269,744,048

98.39%

4,408,253

1.61%

894,120

 

Special Resolution 13

To authorise the Directors to make a name change

268,202,357

97.83%

5,949,944

2.17%

894,120

 

Special Resolution 14

To authorise the Directors to amend the Company's constitution

249,312,103

90.95%

24,804,396

9.05%

929,922

 

Ordinary Resolution 15

To authorise Directors' fees

259,444,857

94.34%

15,553,131

5.66%

48,433

 

 

*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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END
 
 
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