29 November 2023
Equipmake Holdings PLC
("Equipmake" or the "Company")
Result of Annual General Meeting ("AGM")
LEI: 213800NY1WGJ26E4HB59
Equipmake, the UK-based engineering specialist pioneering the development and production of electrification products across the automotive, aerospace, bus, and coach industries (AQSE:EQIP), announces that at its AGM held earlier today all the resolutions set out in the Notice of AGM were passed. All resolutions were voted on by way of a poll. The results of the poll for each resolution were as follows:
| Resolutions |
Votes For |
% |
Votes Against |
% Against |
% if ISC* voted |
Votes Withheld |
| 1: To receive the Annual Report and Financial Statements. |
640,202,425 |
100.00% |
0 |
0.00% |
67.32% |
124,999,999 |
| 2: To re-elect Ian Foley as a Director |
640,182,694 |
100.00% |
9,731 |
0.00% |
67.32% |
125,009,999 |
| 3: To re-appoint Haysmacintyre LLP as Auditor of the Company |
640,202,425 |
100.00% |
0 |
0.00% |
67.32% |
124,999,999 |
| 4: To authorise the Board to determine the remuneration of the Company's Auditor |
640,202,425 |
100.00% |
0 |
0.00% |
67.32% |
124,999,999 |
| 5: To authorise the Directors to allot ordinary shares. |
638,069,516 |
83.39% |
127,132,908 |
16.61% |
80.46% |
0 |
| 6: To dis-apply pre-emption rights.** |
638,067,438 |
83.62% |
125,002,077 |
16.38% |
80.24% |
2,132,909 |
| 7: To approve the purchase of the Company's own shares. ** |
639,440,660 |
83.65% |
124,999,999 |
16.35% |
80.38% |
761,765 |
*Issued share capital with voting rights
**Special resolution
Notes:
| 1. |
All resolutions were passed. |
| 2. |
Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution. |
| 3. |
Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. |
| 4. |
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" any resolution. |
| 5. |
The number of shares in issue on 29 November 2023 was 951,004,541 ordinary shares, carrying one vote each, and at that time, the Company did not hold any shares in treasury. |
| 6. |
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.equipmake.com. |
| 7. |
The scrutineer of the poll was Link Market Services Limited, the Company's Share Registrar. |
**ENDS**
For further information, please contact:
| Equipmake Ian Foley, Founder and CEO Steven McGillivray, CFO |
Via St Brides Partners |
| Panmure Gordon (Corporate Adviser & Joint Broker) John Prior / James Sinclair-Ford / Freddie Twist Hugh Rich / Sam Elder VSA Capital Limited (Joint Broker) Simon Barton / Simba Khatai / Alex Cabral |
Tel: +44 (0) 20 7886 2500 Tel: +44 (0) 20 3005 5000 |
| St Brides Partners (Financial PR Adviser) Susie Geliher / Paul Dulieu |
Tel: +44 (0) 20 7236 1177 |
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development and production of electrification products to meet the needs of the automotive, aerospace and other sectors in support of the transition from fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in ultra-high performance electric motors and complete EV drivetrains and ultra-fast power electronic systems. As well as developing proprietary technology - such as an ultra-compact, lightweight high performance spoke motor - it also offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution providing fully bespoke solutions. The Company has built a significant pipeline of opportunities, as demand for electric vehicles increases as part of the global decarbonisation movement.