Result of General Meeting and Total Voting Rights
Star Energy Group PLC announced that resolutions regarding equity securities authority were passed at its General Meeting, satisfying a condition for its Fundraising, which is expected to complete with Admission on or around May 19, 2026. Following Admission, the company's issued share capital will be 191,865,143 Ordinary Shares, with a total voting rights figure of 191,865,143. Directors, including Ross Glover and Frances Ward, have acquired new ordinary shares as part of the subscription, with their holdings and percentage of the enlarged share capital detailed.
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Star Energy (AIM:STAR) announces that, at the General Meeting held earlier today, the Resolutions set out in the Notice of General Meeting contained in the Circular dated 1 May 2026 were duly passed.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings given to them in the Company's announcement made at 4.58 p.m. on 30 April 2026, unless the context requires otherwise.
Result of the Meeting
Details of the results of the voting at the General Meeting are below. Resolution 1 was proposed and passed as an ordinary resolution and Resolution 2 was proposed and passed as a special resolution.
| Resolutions | For | Against | Withheld | ||
|---|---|---|---|---|---|
| Votes | % of votes cast | Votes | % of votes cast | Votes | |
| 1. Authority to equity securities | 63,730,432 | 98.34 | 1,077,286 | 1.66 | 27,270 |
| 2. Authority to issue and allot equity securities on a non-pre-emptive basis | 63,996,743 | 98.75 | 809,955 | 1.25 | 28,290 |
Votes withheld have not been included in the calculation of the proportion of votes for and against a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
The passing of the Resolutions was one of the conditions to completion of the Fundraising, and as a result of the votes cast in their favour, that particular condition has been satisfied. Completion of the Fundraising remains conditional upon Admission, which is expected to occur on or around 19 May 2026.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for admission of the 60,531,015 New Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on or around 19 May 2026.
Following the Admission, the Company's issued ordinary share capital will comprise 191,865,143 Ordinary Shares, with no shares held in treasury. Therefore, the number of Total Voting Rights in the Company will be 191,865,143, and this figure may be used by Shareholders 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Director and PDMR Shareholdings
Following completion of the Fundraising, the following Directors are interested in the following:
| Director | Existing beneficial interest in Ordinary Shares | Number of Subscription Shares | Number of Ordinary Shares held following the Subscription | % of Enlarged Share Capital |
|---|---|---|---|---|
| Ross Glover | 442,446 | 40,000 | 482,446 | 0.25 |
| Frances Ward | 203,754 | 33,333 | 237,087 | 0.12 |
| Kate Coppinger | - | 33,333 | 33,333 | 0.02 |
| Anthony White | - | 33,333 | 33,333 | 0.02 |
| Aneliya Erdly | - | 33,333 | 33,333 | 0.02 |
| Philip Jackson | - | 33,333 | 33,333 | 0.02 |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | 1. Ross Glover 2. Frances Ward 3. Kate Coppinger 4. Anthony White 5. Aneliya Erdly 6. Philip Jackson | ||
| 2 | Reason for the notification | |||
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Non-Executive Director 4. Non-Executive Director 5. Non-Executive Director 6. Non-Executive Chairman | ||
| b) | Initial notification /Amendment | Initial | ||
| a) | Name | Star Energy Group plc | ||
| b) | LEI | 213800S8WP2L294NR559 | ||
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.002 pence each | ||
| Identification code | ISIN: GB00BZ042C28 | |||
| b) | Nature of the transaction | Purchase of Ordinary Shares of €0.0003367 each in the Company | ||
| c) | Price(s) and volume(s) | Transaction Price(s) Volume(s) 1. Ross Glover 2. Frances Ward 3. Kate Coppinger 4. Anthony White 5. Aneliya Erdly 6. Philip Jackson 15p 1. 40,000 2. 33,333 3. 33,333 4. 33,333 5. 33,333 6. 33,333 | ||
| d) | Aggregated information | |||
| - Aggregated volume | 206,665 | |||
| - Price | £31,000 | |||
| e) | Date of the transaction | 1 May 2026 | ||
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.