Result of AGM
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Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic traditional and transition energy projects, announces the results of the Annual General Meeting ("AGM") of the Company held earlier today. Voting was by way of a poll.
The following table shows the votes cast on each resolution:
| Resolution* | Votes For | % | Votes Against | % | Votes Withheld | |
|---|---|---|---|---|---|---|
| 1. | To receive the Company's financial statements and annual accounts for the financial year ended 31 March 2024 together with the Directors' report and auditor's report thereon. | 41,604,070 | 87.48% | 5,953,547 | 12.52% | 109,773 |
| 2. | To re-appoint Stephen Gary Lunn as a Director of the Company. | 22,006,032 | 46.27% | 25,551,585 | 53.73% | 109,773 |
| 3. | To re-appoint Robert Martin Menzel as a Director of the Company | 33,098,878 | 70.24% | 14,021,989 | 29.76% | 546,523 |
| 4. | To re-appoint Olaf Nils Anders Rapp as a Director of the Company. | 30,225,245 | 67.02% | 14,870,864 | 32.98% | 2,571,281 |
| 5. | To re-appoint Crowe U.K. LLP as auditors of the Company. | 46,917,926 | 98.79% | 576,922 | 1.21% | 172,542 |
| 6. | To authorise the Directors to determine the remuneration of the Company's auditors. | 34,901,180 | 73.63% | 12,499,438 | 26.37% | 266,772 |
| 7. | A general meeting of the Company, other than an annual general meeting, may be called on not less than 14 clear days' notice. ** | 27,750,194 | 58.46% | 19,715,271 | 41.54% | 201,925 |
| 8. | Directors are authorised to take all such actions and do all such things as they may consider necessary or desirable to implement the proposals set out in the report relating to CA2006 section 656 as described in the Notice of AGM. | 22,203,299 | 46.78% | 25,260,721 | 53.22% | 203,370 |
* The full text of the resolutions is given in the Notice of AGM which is available at https://pennpetroenergy.co.uk/notices-%26-reports
** Indicates a Special Resolution requiring a 75% majority of the votes cast.
Accordingly, ordinary resolutions 1, 3, 4, 5, and 6 were duly passed. Ordinary resolutions 2 and 8, and special resolution 7 were not passed. Stephen Gary Lunn now departs the Board. Richard Spinks, Chief Executive Officer, will assume the role of interim Chair of the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.