Result of AGM
Net Zero Infrastructure Plc announced the results of its Annual General Meeting, where all ordinary resolutions, including the receipt of accounts for the year ended 31 March 2025 and the re-appointment of directors Michael Ellwood and Brian Basham, passed with 100% of votes cast in favour. The re-appointment of auditor Anstey Bond also received unanimous support. A general authority to allot shares was approved by 99.97% of votes, however, special resolutions to disapply pre-emption rights for general authority and in certain circumstances failed to pass, with only 16.53% and 16.56% of votes cast in favour respectively, indicating significant shareholder opposition to these measures.
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Net Zero Infrastructure Plc, a special purpose acquisition company formed with the intention to acquire renewable or clean energy technology companies and to finance, develop and promote those environmentally sound projects internationally, announces the results of its Annual General Meeting ("AGM") held today. The votes cast and votes withheld in relation to each resolution were as follows:
| No | Resolution 1,2 | Votes FOR | % votes FOR | Votes AGAINST | % votes AGAINST | Votes WITHHELD 3 |
|---|---|---|---|---|---|---|
| Ordinary resolutions | ||||||
| 1 | Receive account for year-ended 31 March 2025 | 20,053,862 | 100% | 0 | 0% | 0 |
| 2 | To re-appoint Michael Ellwood as Director | 20,053,862 | 100% | 0 | 0% | 0 |
| 3 | To re-appoint Brian Basham as Director | 20,053,862 | 100% | 0 | 0% | 0 |
| 4 | To re-appoint Anstey Bond as auditor & authorise directors to determine remuneration | 20,053,862 | 100% | 0 | 0% | 0 |
| 5 | General authority to allot shares | 20,047,892 | 99.97% | 5,970 | 0.03% | 0 |
| Special resolutions | ||||||
| 6 | General authority to disapply pre-emption rights | 3,314,417 | 16.53% | 16,733,475 | 83.47% | 5,970 |
| 7 | Authority to disapply pre-emption rights in certain circumstances | 3,320,387 | 16.56% | 16,733,475 | 83.44% | 0 |
| 8 | Amendment to Company's articles | 20,053,862 | 100% | 0 | 0% | 0 |
- The full text of the resolutions can be found in the Notice of Annual General Meeting sent to shareholders on the Company's website at https://nziplc.com/
- As at the record date for eligibility to vote at the Company's Annual General Meeting, the Company had 60,700,000 Ordinary Shares in issue. Accordingly, the Company's total number of voting rights was 60,700,000.
| Net Zero Infrastructure PLC Mike Ellwood - Non-Executive Chairman | +44 (0) 799 932 9382 |
| Axis Capital Markets Limited (Company Broker) Richard Hutchison | +44 (0) 203 026 0320 |
| IFC Advisory (Financial PR) Graham Herring Tim Metcalfe | +44 (0) 203 934 6633 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.