Result of AGM
Mosman Oil and Gas Limited announced that all resolutions were passed at its 2025 Annual General Meeting with overwhelming support, including the re-election of directors and approval for placements. Following shareholder approval, the company will issue 365,703,702 shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) at a price of 0.0243 pence per share, based on the five-day volume weighted average price, with these shares subject to a 12-month escrow period. Upon admission to AIM, the company's total voting rights will be 32,980,558,696 ordinary shares.
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Mosman Oil and Gas Limited (AIM: MSMN), advancing helium, hydrogen and hydrocarbon projects in the USA, announces that the 2025 Annual General Meeting ("AGM") was held in Sydney earlier today.
The Board is pleased to announce that all Resolutions were passed by way of a show of hands with overwhelming support via proxy.
The following proxies were received:
| Resolution No. | Resolution | For (Votes) | Against (Votes) | % Voted in Favour |
|---|---|---|---|---|
| 1 | Re-elect N Harvey | 1,009,461,381 | 1,875,428 | 99.22% |
| 2 | Re-elect C Dumbrell | 1,009,461,381 | 1,875,428 | 99.22% |
| 3 | Ratification of G Duncan | 1,009,809,023 | 1,875,428 | 99.22% |
| 4 | Ratification of A Scott | 1,009,809,023 | 1,875,428 | 99.22% |
| 5 | Placement Approval 1 | 967,450,336 | 43,886,473 | 95.09% |
| 6 | Placement Approval 2 | 967,450,336 | 43,886,473 | 95.09% |
| 7 | Placement Approval 3 | 967,450,336 | 43,886,473 | 95.09% |
| 8 | Placement Approval 4 | 967,797,978 | 43,886,473 | 95.09% |
| 9 | Placement Approval 5 | 967,450,336 | 43,886,473 | 95.09% |
| 10 | Placement Approval 6 | 967,797,978 | 43,886,473 | 95.09% |
| 11 | Company Name Change | 1,009,280,657 | 3,023,956 | 99.16% |
| 12 | Director Remuneration | 967,480,640 | 43,886,473 | 95.14% |
All resolutions were carried on a show of hands.
With regards to Resolutions 5 to 10, the Company provides notice this day that, in accordance with the approvals granted by shareholders, Mosman will proceed with the issue of shares to certain Directors and Persons Discharging Managerial Responsibilities ("PDMRs").
The number of shares to be issued has been determined based on the five-day volume weighted average price ("VWAP") of 0.0243 pence per share, being the VWAP for Mosman shares on AIM for the five trading days immediately prior to the AGM. As a result, Carl Dumbrell, Graham Duncan, Nigel Harvey, Andrew Scott, Tina Loh and Howard McLaughlin will each receive 60,950,617 shares, being 365,703,702 in total.
These shares will be issued to Directors and PDMRs as approved under Resolutions 5 to 10, and will be subject to a 12-month escrow period from the date of issue.
Admission to AIM and Total Voting Rights
Application will shortly be made to the London Stock Exchange for the PDMR shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM, with dealings expected to commence at 8.00 a.m. on 14 November 2025.
Following the issue of the PDMR shares, the Company's share and total voting rights will comprise 32,980,558,696 Ordinary Shares of no par value and the Company does not hold any shares in treasury.
Consequently, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company in accordance with the Companies' Articles.
| 2. | Reason for the notification | |
| a) | Position/status | 1) Executive Chairman 2) Non-Executive Director 3) Non-Executive Director 4) Executive Director 5) Chief Financial Officer 6) Chief Executive |
| b) | Initial notification/ amendment | Initial notification |
| a) | Full name of the entity | Mosman Oil and Gas Limited |
| b) | Legal Entity Identifier code | 213800PWZID9URNNGZ54 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of Mosman Oil and Gas Limited AU0000XINET1 |
| b) | Nature of the transaction | Issue of Placing Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1) 2) 3) 4) 5) 6) 0.0243p 0.0243p 0.0243p 0.0243p 0.0243p 0.0243p 60,950,617 60,950,617 60,950,617 60,950,617 60,950,617 60,950,617 |
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4c) above |
| e) | Date of the transaction | 10 November 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.