Business
Result of General Meeting
Result of General Meeting.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3328V Ceres Power Holdings plc 20 July 2018 \n\n20 July 2018\nCeres Power Holdings PLC\n(\"Ceres Power\" or the \"Company\")\nResult of General Meeting\nCeres Power Holdings plc (AIM: CWR), is pleased to announce that at the General Meeting of shareholders held earlier today, at 1 Tudor Street, London, EC4Y OAH, all resolutions were duly passed.\nThe results of the poll on the resolutions put at the General Meeting were as follows:\n\n\n\nResolution\n\n\nFor/ discretionary (number/%)\n\n\nAgainst (number/%)\n\n\nVotes withheld (number)\n\n\nTotal votes cast exc. withheld (number)\n\n\n% of issued\nshare capital represented by the votes cast\n\n\n\n\n1. Authority to allot shares in connection with the Weichai Subscription and Warrant Instrument\n\n\n501,500,204\n99.99%\n\n\n63,829\n0.01%\n\n\n8,107\n\n\n501,564,033\n\n\n49.06%\n\n\n\n\n2. Authority to allot shares in connection with the Placing and Subscription\n\n\n501,505,428\n99.99%\n\n\n46,805\n0.01%\n\n\n19,907\n\n\n501,552,233\n\n\n49.06%\n\n\n\n\n3. Disapplication of pre-emption rights pursuant to resolutions 1 & 2\n\n\n501,507,245\n99.99%\n\n\n49,729\n0.01%\n\n\n15,166\n\n\n501,556,974\n\n\n49.06%\n\n\n\n\n4. Additional authority to allot shares\n\n\n501,503,461\n99.99%\n\n\n44,593\n0.01%\n\n\n24,086\n\n\n501,548,054\n\n\n49.06%\n\n\n\n\n5. Additional disapplication of pre-emption rights\n\n\n495,115,984\n98.72%\n\n\n6,440,990\n1.28%\n\n\n15,166\n\n\n501,556,974\n\n\n49.06%\n\n\n\n\n6. Share consolidation\n\n\n501,520,742\n99.99%\n\n\n44,932\n0.01%\n\n\n6,466\n\n\n501,565,674\n\n\n49.06%\n\n\n\n\nFurther to the announcement on 4 July 2018, admission of the 132,625,994 Fundraising Shares and the 128,326,275 Initial Weichai Shares is expected to occur on 27 July 2018. The Fundraising Shares and Initial Weichai shares will be issued at 15.08 pence per share and, conditional on Admission, will raise £20.0 million and £19.4 million respectively before deducting any expenses. In addition, the Company will issue a Warrant Instrument to Weichai Power allowing it to subscribe for new shares to increase its holding to 20 per cent. of the Company's issued share capital by the end of November this year subject to signing further commercial agreements.\nPursuant to the approval by share...