Result of AGM
At ITM Power's Annual General Meeting on October 8, 2025, all resolutions were passed. BDO LLP was appointed as the company's auditor for the financial year ending April 30, 2026, replacing Grant Thornton LLP. Shareholders voted 156,509,165 for and 53,879 against the Annual Report and Accounts. The Directors' Remuneration Report received 137,054,046 votes for and 19,476,065 against. Dr. Simon Bourne was re-elected with 154,824,427 votes for and 1,778,006 against. Sir Roger Bone was re-elected with 134,926,546 votes for and 21,502,258 against. Dennis Schulz was re-elected with 149,298,913 votes for and 7,291,249 against. Martin Green was re-elected with 154,581,525 votes for and 1,946,802 against. Amy Grey was elected with 156,314,557 votes for and 219,430 against. Matthias von Plotho was elected with 148,704,910 votes for and 7,808,288 against. John Howarth was elected with 150,240,658 votes for and 6,200,784 against. Sir Warren East was elected with 156,212,184 votes for and 312,754 against.
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ITM Power (AIM: ITM) announces that all resolutions put to shareholders were duly passed on a poll at the Company's Annual General Meeting, which took place at 2 Bessemer Park, Sheffield S9 1DZ at 10:00 on Wednesday 8 October 2025.
Following a formal and competitive tender process overseen by the Audit Committee and the passing of resolutions 11 and 12 at the Company's Annual General Meeting held on 8 October 2025, the Board has approved the appointment of BDO LLP as the Company's auditor for the financial year ending 30 April 2026. The appointment is effective immediately.
The Board would like to thank Grant Thornton LLP (GT) for their service to the Company.
As previously announced on 8 July 2025, Denise Cockrem stepped down from the Board with Sir Warren East and John Howarth joining the Board as Non-Executive Directors with effect from yesterday.
The votes cast were as follows:
| For | Against | Withheld | |||
|---|---|---|---|---|---|
| Votes | % | Votes | % | ||
| Ordinary Resolutions: | |||||
| 1 - Annual Report and Accounts | 156,509,165 | 99.97% | 53,879 | 0.03% | 152,484 |
| 2 - Directors' Remuneration Report | 137,054,046 | 87.56% | 19,476,065 | 12.44% | 185,417 |
| 3 - Re-elect Dr Simon Bourne | 154,824,427 | 98.86% | 1,778,006 | 1.14% | 113,095 |
| 4 - Re-elect Sir Roger Bone | 134,926,546 | 86.25% | 21,502,258 | 13.75% | 286,724 |
| 5 - Re-elect Dennis Schulz | 149,298,913 | 95.34% | 7,291,249 | 4.66% | 125,366 |
| 6 - Re-elect Martin Green | 154,581,525 | 98.76% | 1,946,802 | 1.24% | 187,201 |
| 7 - Elect Amy Grey | 156,314,557 | 99.86% | 219,430 | 0.14% | 181,541 |
| 8 - Elect Matthias von Plotho | 148,704,910 | 95.01% | 7,808,288 | 4.99% | 202,330 |
| 9 - Elect John Howarth | 150,240,658 | 96.04% | 6,200,784 | 3.96% | 274,086 |
| 10 - Elect Sir Warren East | 156,212,184 | 99.80% | 312,754 | 0.20% | 190,590 |
| 11 - Auditor resignation (Grant Thornton) | 156,478,383 | 99.96% | 56,004 | 0.04% | 181,141 |
| 12 - Auditor appointment (BDO LLP) | 156,352,984 | 99.91% | 137,569 | 0.09% | 224,975 |
| 13 - Audit Committee to determine the auditors' remuneration | 156,294,816 | 99.81% | 291,566 | 0.19% | 129,146 |
| 14 - Directors' authority to allot shares | 155,736,412 | 99.56% | 681,363 | 0.44% | 297,753 |
| Special Resolutions: | |||||
| 15 - General authority to disapply pre-emption rights | 155,834,828 | 99.57% | 678,969 | 0.43% | 201,731 |
| 16 - Authority to disapply pre-emption rights in connection with an acquisition or specified capital investment | 155,430,246 | 99.31% | 1,077,942 | 0.69% | 207,340 |
Notes:
- 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.itm-power.com/investors/shareholder-documents
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