Result of AGM
Enwell Energy plc announced the results of its Annual General Meeting, where all resolutions were passed except for the re-election of Chairman Chuck Valceschini, who was not re-elected and has ceased to be a Director. Bruce Burrows will serve as interim Chairman. The audited financial statements for the year ended 31 December 2025 were approved with 99.99% of votes cast in favour. Gehrig Schultz was re-elected as a Director, and the reappointment of Zenith Audit Ltd as auditor was also approved.
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Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, announces the results of the voting by poll on the resolutions put to its Annual General Meeting held this morning. All resolutions were passed, except for resolution 2. Pursuant to this resolution, Chuck Valceschini, Chairman, having retired as a director of the Company ("Director") by rotation in accordance with the Articles of Association of the Company, offered himself for re-election as a Director, but was not re-elected and hence has ceased to be a Director with immediate effect. Bruce Burrows will act as Chairman on an interim basis until a permanent replacement is appointed.
The poll results were as follows:
| Resolution | Votes For* | % of votes cast** | Votes Against | % of votes cast** | Total votes cast** | Votes withheld** | % of issued share capital voted** |
|---|---|---|---|---|---|---|---|
| 1. To receive and consider the audited financial statements of the Company for the financial year ended 31 December 2025 | 300,575,056 | 99.99 | 40,550 | 0.01 | 300,615,606 | 7,075 | 93.76 |
| 2. To re-elect Chuck Valceschini as a Director of the Company | 35,547,892 | 11.82 | 265,068,914 | 88.18 | 300,616,806 | 5,875 | 93.76 |
| 3. To re-elect Gehrig Schultz as a Director of the Company | 266,178,997 | 88.54 | 34,437,809 | 11.46 | 300,616,806 | 5,875 | 93.76 |
| 4. To reappoint Zenith Audit Ltd as auditor of the Company and to authorise the Directors to fix their remuneration | 300,524,883 | 99.97 | 91,923 | 0.03 | 300,616,806 | 5,875 | 93.76 |
| 5. To approve the limited liability agreement between the Company and Zenith Audit Ltd as auditor | 300,548,411 | 99.98 | 68,395 | 0.02 | 300,616,806 | 5,875 | 93.76 |
| 6. To grant the Directors authority to allot shares, or grant rights to subscribe for, or convert any securities into shares | 266,176,898 | 88.54 | 34,439,908 | 11.46 | 300,616,806 | 5,875 | 93.76 |
| 7. To partially disapply statutory pre-emption rights in connection with an allotment of equity securities for cash | 265,845,387 | 88.43 | 34,771,419 | 11.57 | 300,616,806 | 5,875 | 93.76 |
| 8. To partially disapply statutory pre-emption rights in connection with an allotment of equity securities for an acquisition or other capital investment or follow-on offer | 265,848,778 | 88.43 | 34,768,028 | 11.57 | 300,616,806 | 5,875 | 93.76 |
* - Votes "For" include votes giving the Chairman discretion.
** - A "Vote withheld" is not a vote in law and has not been counted in the calculation of the proportion of votes "For" and "Against" a resolution.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.