Result of General Meeting
EnQuest PLC shareholders overwhelmingly approved the proposed acquisition of participating interests in four Malaysian offshore production sharing contracts from PETRONAS CARIGALI for a maximum of US$833 million. The resolution passed with 99.97% of votes in favour, paving the way for completion on December 31, 2026, with an economic effective date of January 1, 2027. The company anticipates readmission to the London Stock Exchange's main market for listed securities around January 4, 2027.
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THIS ANNOUNCEMENT IS NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE ORDINARY SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS.
EnQuest PLC
("EnQuest", "the Company" or "the EnQuest Group")
Results of General Meeting
EnQuest PLC announces that, at the General Meeting held earlier today, in relation to the proposed acquisition of participating interests in four offshore production sharing contracts in Malaysia from PETRONAS CARIGALI SDN. BHD. ("PETRONAS CARIGALI") for a maximum total consideration of US$833 million, subject to certain customary completion conditions (the "Proposed Acquisitions"), the Resolution set out in the Notice of General Meeting contained within the combined prospectus and circular dated 24 July 2026 (the "Prospectus") was voted on by poll and was duly approved by the requisite majority of shareholders. The Resolution was proposed and passed as set out in full in the Notice of General Meeting.
The results of the poll for the Resolution was as follows:
| Resolution | Votes for (incl. discretionary) | % of Votes cast | Votes against | % of Votes Cast | Total Votes Cast | Total Votes Withheld* |
|---|---|---|---|---|---|---|
| 1. To approve the acquisition from PETRONAS CARIGALI of Package 1 with (or without) Package 2 and Package 3 | 996,741,676 | 99.97% | 301,437 | 0.03% | 997,043,113 | 46,950 |
*A vote withheld is not a vote in law and is not included in the calculation of the votes 'for' or 'against' the Resolution, nor the total votes cast.
Capitalised terms used but not defined in this announcement shall have the same meanings as set out in the Prospectus.
Subject to the satisfaction of the remaining conditions to completion of the Proposed Acquisitions, the Company continues to expect completion of the Proposed Acquisitions to occur on 31 December 2026 with the economic effective date of the Proposed Acquisitions on 1 January 2027. As previously announced, application will be made for the readmission of the entire issued share capital of EnQuest ("Ordinary Shares") to the Equity Shares (Commercial Companies) category of the Official List of the Financial Conduct Authority ("FCA") and to trading on London Stock Exchange plc's main market for listed securities ("Readmission"). Readmission is expected to take place on or around 4 January 2027.
In accordance with UK Listing Rule 6.4.2R, a copy of the Resolution will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.