Result of AGM
Serica Energy plc announced that all resolutions were duly passed at its Annual General Meeting, with strong shareholder support for most proposals, including a 99.99% approval for Resolution 1 and 98.58% for Resolution 2. However, Resolutions 5, 10, 15, 16, and 17 received lower, though still majority, support ranging from 90.75% to 95.41%. The company also reminded shareholders of its upcoming Capital Markets Day on June 2, 2026, where details on organic growth projects and its capital allocation framework will be presented to maximize shareholder value.
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Serica Energy plc (AIM: SQZ), announces that the resolutions put to Shareholders at the Annual General Meeting ('AGM') of the Company held earlier today were duly passed.
The results of the AGM were determined by way of a poll and the results were as follows:
| Resolutions | For | % | Against | % | Withheld 1 |
|---|---|---|---|---|---|
| 1 | 257,069,375 | 99.99% | 3,482 | 0.01% | 86,768 |
| 2 | 253,434,748 | 98.58% | 3,649,747 | 1.42% | 75,130 |
| 3 | 257,060,568 | 99.97% | 67,208 | 0.03% | 31,849 |
| 4 | 257,060,161 | 99.97% | 76,607 | 0.03% | 22,857 |
| 5 | 245,320,534 | 95.41% | 11,804,059 | 4.59% | 35,029 |
| 6 | 256,391,008 | 99.71% | 733,585 | 0.29% | 35,029 |
| 7 | 255,369,140 | 99.32% | 1,754,720 | 0.68% | 35,762 |
| 8 | 251,165,925 | 97.68% | 5,958,286 | 2.32% | 35,414 |
| 9 | 256,765,513 | 99.86% | 358,898 | 0.14% | 35,214 |
| 10 | 240,384,850 | 96.50% | 8,716,488 | 3.50% | 8,058,287 |
| 11 | 256,531,505 | 99.85% | 377,081 | 0.15% | 251,039 |
| 12 | 255,777,272 | 99.48% | 1,346,939 | 0.52% | 35,414 |
| 13 | 246,390,495 | 98.91% | 2,710,643 | 1.09% | 8,058,487 |
| 14 | 257,042,399 | 99.96% | 105,663 | 0.04% | 11,563 |
| 15 | 238,695,586 | 92.83% | 18,442,122 | 7.17% | 21,917 |
| 16 | 235,797,478 | 91.70% | 21,342,725 | 8.30% | 19,422 |
| 17 | 233,354,449 | 90.75% | 23,785,754 | 9.25% | 19,422 |
| 18 | 256,686,338 | 99.88% | 301,955 | 0.12% | 171,332 |
| 19 | 256,678,836 | 99.84% | 421,525 | 0.16% | 59,264 |
As a reminder, Serica will host a Capital Markets Day on 2 June 2026 at 1000 BST, at which details will be given on planned organic growth projects. Serica will also set out its capital allocation framework, detailing the portfolio investment to maximise shareholder value through sustaining and growing production, while maintaining a commitment to delivering attractive and sustainable shareholder returns, and retaining the resilience of a strong balance sheet. The presentation is open to all existing and potential shareholders via Investor Meet Company. Questions can be submitted in advance. Investors can sign up to Investor Meet Company for free and add to meet Serica Energy plc via: https://www.investormeetcompany.com/serica-energy-plc/register-investor.
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