Adjournment of Annual General Meeting
Annual General Meeting adjourned pending completion of audited accounts for year ended 31 March 2024.
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Pennpetro (LSE: PPP) confirms that the Annual General Meeting of shareholders held on 17 February 2025 at 11:00 a.m. at 1 Heddon Street, London, W1B 4BD has been adjourned pursuant to Article 71 of the Company's Articles of Association.
Pursuant to this Article, with the consent of the Meeting, the Chairman may adjourn a Shareholders' Meeting from time to time and place to place. On the basis of legal advice received by the Company, such adjournment was proposed given that the Audited Accounts of the Company for the year ended 31 March 2024 are not yet completed, and it would seem more appropriate to deal with all of the resolutions (particularly Resolution 1 concerning the reappointment of the Auditors) once these Accounts have been finalised. It will result in a more meaningful meeting for all shareholders.
The consent of the Meeting had been granted and accordingly adjourn this AGM.
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