Shareholders have supported Chippenham-based renewable energy supplier Good Energy against moves by its Stroud-based green power rival Ecotricity.
Ecotricity made attempts to oust the chairman of Good Energy as a director, and to reverse a decision by Good Energy sell its electricity-generating assets. A general meeting was requisitioned and held in London recently.
The resolution to remove William Whitehorn from office as a director of Good Energy was won by the company by 58.3% against 41.7% on a shareholder turnout of 65.5%. The second resolution, to direct the board not to dispose of the company’s generation assets without shareholder approval, was won the Good Energy by 57.2% against 42.8% on a voter turnout of 64.9%.
To read the results of the Good Energy Group Requisitioned General Meeting, click here.
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