Plutus PowerGen : Result of General Meeting

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR').

10 January 2020

PLUTUS POWERGEN PLC

('Plutus', the 'Group' or the 'Company')

Result of General Meeting

The Board of Plutus announcesthat at the General Meeting of the Company held earlier today, a poll was taken on each of the resolutions proposed. Resolutions 1 to 3 pertaining to the removal of Charles Tatnall, James Longley and Tim Cottier were not passed. Resolutions 4 to 6 pertaining to the appointment of Nicholas Lee, David Horner and Dr. Nigel Burton were not passed.

Accordingly, the board of the Company will remain unchanged and be composed of Charles Tatnall (Executive Chairman), James Longley, (Interim CEO and Chief Financial Officer) and Tim Cottier (Non-Executive Director).

The results of each resolution are set out below and will also be available on the Company's website shortly.

Resolution	Detail	For (%)	For Number of Shares	Against (%)	Against Number of Shares
1	THAT Charles Tatnall be and is hereby removed as a director of the Company pursuant to sections 168 and 312 of the Companies Act 2006	45.9%	271,173,372	54.1%	319,487,225
2	THAT James Longley be and is hereby removed as a director of the Company pursuant to sections 168 and 312 of the Companies Act 2006	45.9%	271,173,372	54.1%	319,487,225
3	THAT Tim Cottier be and is hereby removed as a director of the Company pursuant to sections 168 and 312 of the Companies Act 2006	45.9%	271,093,372	54.1%	319,487,225
4	THAT Nicholas Lee be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect) pursuant to sections 168 and 312 of the Companies Act 2006	45.9%	271,173,372	54.1%	319,487,225
5	THAT David Horner be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect) pursuant to sections 168 and 312 of the Companies Act 2006	45.8%	269,457,807	54.2%	319,487,225
6	THAT Dr. Nigel Burton be and is hereby appointed as a director of the Company (with such appointment taking immediate and simultaneous effect) pursuant to sections 168 and 312 of the Companies Act 2006	45.9%	271,173,372	54.1%	319,487,225

Votes 'For' and 'Against' are expressed as a percentage of votes received. A 'Vote withheld' is not a vote in law and is not counted in the calculation of the votes 'For' and 'Against' a resolution. Votes were cast for a total of 590,673,003 ordinary shares of 0.1 pence, representing 68% of the total number of votes capable of being cast at the GM for every resolution. The Company's issued share capital as at today's date is 872,534,994 ordinary shares and the number of votes per share is one. Each of the resolutions were proposed as ordinary resolutions. 12,406 votes were withheld for resolutions 1, 2,4 and 6. 92,406 votes were withheld for resolution 3. 1,727,971 votes were withheld for resolution 5.

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

Plutus PowerGen Plc	[phone]
Charles Tatnall, Executive Chairman
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Nick Athanas James Hornigold
Turner Pope Investments (TPI) Limited (Joint Broker)	[phone]
Andy Thacker
St Brides Partners Limited (Financial PR)	[phone]
Isabel de Salis