Result of General Meeting
Windar Photonics plc announced that both resolutions presented at its General Meeting were passed by shareholders. Resolution 1, an ordinary resolution, received 99.78% of votes in favour to grant directors authority to allot ordinary shares up to a nominal amount of £2,100,000, representing approximately 214% of the company's issued shares. Resolution 2, a special resolution, passed with 84.18% of votes in favour, conditionally allowing directors to allot shares on a non-pre-emptive basis under the authority granted by Resolution 1. These authorities are set to expire at the company's 2027 annual general meeting or 15 months after passing, whichever is sooner.
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The General Meeting ('GM') of Windar Photonics plc (AIM:WPHO), the technology group that has developed a LiDAR assisted Monitoring and Optimisation solution across multiple wind turbine platforms, was held earlier today.
Both resolutions put to members were passed on a poll. Resolution 1 was passed as an ordinary resolution and Resolution 2 was passed as a special resolution.
The number of votes cast for and against both resolutions proposed, and the number of votes withheld were as follows:
| Resolutions | Votes For | % | Votes Against | % | Votes Withheld |
|---|---|---|---|---|---|
| Resolution 1 (Ordinary) An ordinary resolution to grant the Directors authority pursuant to section 551 of the Act to allot Ordinary Shares up to a nominal amount of £2,100,000, being approximately 214 per cent. of the Company's issued Ordinary Shares as at the date of this document. Such authority, if granted, will expire at the conclusion of the annual general meeting of the Company to be held in 2027 or, if sooner, the date which is 15 months after the passing of Resolution 1. | 31,508,411 | 99.78 | 69,950 | 0.22 | 3,657,462 |
| Resolution 2 (Special) Conditional on the passing of Resolution 1 above, a special resolution to disapply pre-emption rights pursuant to section 570 of the Act. This Resolution would allow the Directors to allot new Ordinary Shares or grant rights to subscribe for such shares pursuant to the authority granted by Resolution 1 on a non-pre-emptive basis. Such authority, if granted, will expire at the conclusion of the annual general meeting of the Company to be held in 2027 or, if sooner, the date which is 15 months after the passing of Resolution 2. | 26,583,435 | 84.18 | 4,994,926 | 15.82 | 3,657,462 |
As of 7 August, there were 98,236,774 ordinary shares in issue. Shareholders are entitled to one vote per share. Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
The full text of each resolution is available in the Notice of General Meeting, published on the Company's website.
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