15 January 2025
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. | 841,450,807 | 87.07 | 125,009,730 | 12.93 | 86.29 | 14,000 |
| 2: To receive the remuneration report. | 774,551,484 | 80.14 | 191,909,053 | 19.86 | 86.29 | 14,000 |
| 3: To re-elect Ian Foley as a Director | 841,450,807 | 87.07 | 125,009,730 | 12.93 | 86.29 | 14,000 |
| 4: To re-elect Clive Scrivener as a Director | 841,443,661 | 87.06 | 125,016,876 | 12.94 | 86.29 | 14,000 |
| 5: To re-elect Dena Bellamy as a Director | 841,443,661 | 87.06 | 125,016,876 | 12.94 | 86.29 | 14,000 |
| 6: To elect Nicholas Moelders as a Director | 841,443,661 | 87.06 | 125,016,876 | 12.94 | 86.29 | 14,000 |
| 7: To re-appoint Haysmac LLP as Auditor of the Company | 841,443,661 | 87.07 | 125,009,730 | 12.93 | 86.28 | 21,146 |
| 8: To authorise the Board to determine the remuneration of the Company's Auditor | 841,443,661 | 87.07 | 125,009,730 | 12.93 | 86.28 | 21,146 |
| 9: To authorise the Directors to allot ordinary shares. | 841,413,807 | 87.06 | 125,046,730 | 12.94 | 86.29 | 14,000 |
| 10: To dis-apply pre-emption rights.** | 783,030,474 | 81.02 | 183,393,063 | 18.98 | 86.28 | 51,000 |
| 11: To approve the purchase of the Company's own shares. ** | 761,362,572 | 85.9 | 125,009,730 | 14.1 | 79.14 | 80,102,235 |
*Issued share capital with voting rights
**Special resolution
Notes:
| 1. | All resolutions were passed.
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| 2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
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| 3. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
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| 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.
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| 5. | The number of shares in issue on 15 January 2025 was 1,120,074,565 ordinary shares, carrying one vote each, and at that time, the Company did not hold any shares in treasury.
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| 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. |
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| 7. | The scrutineer of the poll was Link Market Services Limited, the Company's Registrar. |
DIRECTORATE CHANGE
At the conclusion of the AGM, Jonathan Beasley retired from the Board and has stepped down as a Director of the Company.
**ENDS**
For further information, please contact:
| Equipmake Ian Foley, Founder and CEO Laurence Moore, Company Secretary
| Via St Brides Partners |
| VSA Capital Limited (Rule 3 and Financial Adviser, Aquis Corporate Adviser) Simon Barton /Andrew Raca | Tel: +44 (0) 20 3005 5000 |
| St Brides Partners (Financial PR Adviser) Susie Geliher / Paul Dulieu /Will Turner
| Tel: +44 (0) 20 7236 1177 |
About Equipmake
Equipmake is a UK-based industrial technology company specialising in the engineering, development and production of electrification products to meet the needs of the automotive and other sectors in support of the transition from fossil-fuelled to zero-emission drivetrains.
Equipmake is a leader in high performance technologically advanced electric motors, inverters and complete zero-emission electric drivetrains and power electronic systems. Equipmake has developed a vertically integrated offering providing fully bespoke solutions to its customers. The Company is focussed on accelerating traction with OEM and Tier 1 suppliers in relation to higher margin component and drivetrain supply under long-term growth contracts and securing high margin licencing transactions.
Key differentiators of the Company offerings are its advanced technology and performance, reliability and adherence to ASIL-D1 functional safety. Equipmake's advanced motor and inverter technology, featuring ASIL-D compliance, are designed to customers' highest Functional Safety standards. With decades of experience in electric drivetrain integration and a dedicated prototype vehicle testing facility, Equipmake can significantly accelerate product development for customers.
1 Automotive Safety Integrity Level ("ASIL") is a risk classification scheme defined by the ISO 26262 - Functional Safety for Road Vehicles standard and is a critical requirement for road vehicles. Of the four ASILs identified by the standard, ASIL-D dictates the highest integrity requirements on the product, which require exceptional rigour in their development.
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