TIDMPXEN
RNS Number : 0629O
Prospex Energy PLC
05 October 2021
Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and
Gas
5 October 2021
Prospex Energy PLC ('Prospex' or the 'Company')
Result of Requisitioned General Meeting
Following today's Requisitioned General Meeting ("GM"), convened
by the Notice of 8 September 2021, Prospex announces that
Shareholders have voted to reject resolutions 1 through 8 proposed
as part of a general meeting requisition request received from
Jarvis Investment Management Limited and resolutions 9 and 10 were
withdrawn.
In addition, Shareholders have voted in favour of resolutions 11
and 12 proposed by the board of directors (the "Board").
Accordingly, Mark Routh and Alasdair Buchanan have been confirmed
as Directors and consequently, the Board remains unchanged.
Shareholders voted to approve the share authority resolution
proposed by the Board (resolution 13) but did not vote by the
requisite majority to dis-apply pre-emption rights to the issuance
of shares (resolution 14).
The results of the poll for each resolution are set out in the
table below.
Commenting on the news Mark Routh, CEO of Prospex Energy said
:
"Preparing for this General Meeting has been an unwelcome
distraction. On the positive side however, we have grown closer to
our shareholder group, many of whom have backed the Company over
several years and we thank them for their continued support.
"As a Board we are determined to accelerate our plans to grow
Prospex, focussing on development and production gas assets across
Europe at a time of unprecedented high gas and electricity prices.
We intend to engage with those large shareholders seeking changes
in early course with a view to delivering value for all
shareholders and to create a more harmonious environment in which
the Company can move forward. I will be writing to all shareholders
setting out my plans for the future."
FOR AGAINST FOR (%) AGAINST (%)
Ordinary Resolution
1 48,379,931 67,103,443 41.9 58.1
----------- ----------- -------- ------------
Ordinary Resolution
2 48,079,931 67,403,443 41.6 58.4
----------- ----------- -------- ------------
Ordinary Resolution
3 48,079,931 67,403,443 41.6 58.4
----------- ----------- -------- ------------
Ordinary Resolution
4 48,079,931 67,403,443 41.6 58.4
----------- ----------- -------- ------------
Ordinary Resolution
5 48,463,175 67,020,199 42.0 58.0
----------- ----------- -------- ------------
Ordinary Resolution
6 48,163,175 67,320,199 41.7 58.3
----------- ----------- -------- ------------
Ordinary Resolution
7 48,079,931 67,403,443 41.6 58.4
----------- ----------- -------- ------------
Ordinary Resolution
8 48,079,931 67,403,443 41.6 58.4
----------- ----------- -------- ------------
Ordinary Resolution
9 Withdrawn
------------------------------------------------
Special Resolution
10 Withdrawn
------------------------------------------------
Ordinary Resolution
11 67,979,127 47,504,247 58.9 41.1
----------- ----------- -------- ------------
Ordinary Resolution
12 67,979,127 47,504,247 58.9 41.1
----------- ----------- -------- ------------
Ordinary Resolution
13 67,666,127 47,804,247 58.6 41.4
----------- ----------- -------- ------------
Special Resolution
14 67,736,127 47,734,247 58.7 41.3
----------- ----------- -------- ------------
As at the date of the General Meeting, the number of issued
ordinary shares of the Company was 176,822,479 carrying one vote
each. 7,361 shares are held in Treasury. Therefore, the total
voting rights in the Company are 176,815,118, which was the total
number of shares entitling the holders to attend and vote for or
against all resolutions. In accordance with the Company's Articles
of Association, on a poll every member has one vote for every share
held. Votes withheld are not votes in law and have not been counted
in the calculation of the proportion of vote "for" or "against" a
resolution. Proxy appointments which gave discretion to the
Chairman have been included in the totals above.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For further information visit www.prospex.energy or contact the
following:
Mark Routh Prospex Energy PLC Tel: +44 (0) 20 7236
1177
Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer 3494
Colin Rowbury Novum Securities Limited Tel: +44 (0) 20 7399
Jon Belliss 9427
Duncan Vasey Peterhouse Capital Limited Tel: +44 (0) 20 7220
9797
Susie Geliher St Brides Partners Ltd Tel: +44 (0) 20 7236
Catherine Leftley 1177
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END
ROMFSUSUIEFSEES
(END) Dow Jones Newswires
October 05, 2021 05:31 ET (09:31 GMT)
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