Result of AGM
Pharos Energy PLC announced that all resolutions were passed at its Annual General Meeting, with over 98% of votes cast in favour of each resolution, including the approval of the 2025 Annual Report and Accounts, a final dividend of 0.9317 pence per share, and directors' remuneration policies and reports. The company confirmed that 70% of its 416,320,478 ordinary shares were voted at the meeting.
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The Company announces that at its Annual General Meeting held at the offices of Peel Hunt LLP, 100 Liverpool Street, London, EC2M 2AT today, all resolutions put before the meeting were duly passed. The Board thanks shareholders for their support and is pleased to report that all resolutions were approved with over 98% of the votes cast at the meeting in favour of each resolution.
In accordance with UKLR 6.4.2R, copies of resolutions passed concerning items other than ordinary business are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
Pharos' issued share capital consists of 416,320,478 ordinary shares of £0.05 each with voting rights and no shares held in treasury. Shares representing 70% of the voting rights in the Company were voted at the meeting.
Voting was conducted on a poll, the results of which are shown in the table below and will shortly be available on the Company's website, www.pharos.energy.
| Resolution | Votes in Favour (Including Discretionary) | % | Votes Against | % | Total Votes (excluding votes withheld) | Votes Withheld |
|---|---|---|---|---|---|---|
| 1. To receive the Annual Report and Accounts for the financial year ended 31 December 2025. | 291,416,972 | 99.93% | 210,197 | 0.07% | 291,627,169 | 873,674 |
| 2. To declare a final dividend of 0.9317 pence per share. | 291,954,487 | 100.00% | 5,197 | 0.00% | 291,959,684 | 541,159 |
| 3. To approve the Directors' Remuneration Policy included in the Annual Report and Accounts for the financial year ended 31 December 2025 | 290,240,040 | 99.48% | 1,514,489 | 0.52% | 291,754,529 | 746,314 |
| 4. To approve the Directors' Remuneration Report included in the Annual Report and Accounts for the financial year ended 31 December 2025. | 290,044,320 | 99.41% | 1,714,489 | 0.59% | 291,758,809 | 742,034 |
| 5. To reappoint Katherine Roe, who is a member of the ESG Committee, as a Director. | 291,427,392 | 99.89% | 331,330 | 0.11% | 291,758,722 | 742,121 |
| 6. To reappoint Sue Rivett, who is a member of the ESG and Reserves Committees, as a Director. | 291,364,637 | 99.87% | 393,375 | 0.13% | 291,758,012 | 742,831 |
| 7. To reappoint Geoffrey Green, who is Chair of the Remuneration Committee and a member of the Audit and Risk, ESG and Nominations Committees, as a Director. | 288,343,781 | 98.83% | 3,414,231 | 1.17% | 291,758,012 | 742,831 |
| 8. To reappoint Dr Bill Higgs, who is Chair of the Reserves Committee and a member of the ESG Committee, as a Director. | 291,832,313 | 99.96% | 125,699 | 0.04% | 291,958,012 | 542,831 |
| 9. To reappoint Lisa Mitchell, who is Chair of the Audit and Risk Committee and a member of the ESG, Nominations and Remuneration Committees, as a Director. | 288,527,530 | 98.89% | 3,230,482 | 1.11% | 291,758,012 | 742,831 |
| 10. To reappoint João Saraiva e Silva, who is Chair of the Nominations and ESG Committees, as a Director | 291,377,798 | 99.80% | 575,934 | 0.20% | 291,953,732 | 547,111 |
| 11. To reappoint Ernst & Young LLP as Auditors to hold office until the conclusion of the next Annual General Meeting at which accounts are laid before the Company. | 291,946,162 | 100.00% | 13,374 | 0.00% | 291,959,536 | 541,307 |
| 12. To authorise the Audit and Risk Committee, for and on behalf of the Directors, to agree the Auditors' remuneration. | 291,946,940 | 100.00% | 12,509 | 0.00% | 291,959,449 | 541,394 |
| 13. To authorise the Directors to allot securities (s.551 of the Companies Act 2006). | 291,258,061 | 99.76% | 701,623 | 0.24% | 291,959,684 | 541,159 |
| 14. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) | 291,356,120 | 99.79% | 599,284 | 0.21% | 291,955,404 | 545,439 |
| 15. To disapply pre-emption rights (s.570 and s.573 of the Companies Act 2006) for acquisitions or specified capital investments. | 291,291,601 | 99.77% | 663,803 | 0.23% | 291,955,404 | 545,439 |
| 16. To authorise the Company to repurchase its own Shares (s.701 of the Companies Act 2006). | 291,851,464 | 100.00% | 10,794 | 0.00% | 291,862,258 | 638,585 |
| 17. To authorise the Directors to call general meetings of the Company (other than an annual general meeting) on not less than 14 clear days' notice. | 291,670,139 | 99.97% | 88,670 | 0.03% | 291,758,809 | 742,034 |
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