REG - Jadestone Energy PLC - Results of AGM

Jadestone EnergyAnnouncement

13/06/2024 11:00

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RNS Number : 3422S  Jadestone Energy PLC  13 June 2024

Results of AGM

 

13 June 2024 - Singapore: Jadestone Energy plc (the "Company"), an independent
upstream company focused on the Asia-Pacific region, is pleased to announce
that at the Annual General Meeting ("AGM") of the Company held on 13 June
2024, resolutions 1-15 as set out in the Company's Notice of AGM dated 10 May
2024 were duly passed on a poll with the results as stated below.

 

     Resolution                            For          %       Against     %      Total        Withheld*
 Ordinary resolutions
 1   Annual accounts                       355,019,676  99.94%  211,937     0.06%  355,231,613  18,321
 2   Appointment of auditor                354,118,737  99.69%  1,112,876   0.31%  355,231,613  18,321
 3   Auditor's remuneration                355,017,737  99.96%  126,876     0.04%  355,144,613  105,321
 4   Elect Adel Chaouch                    354,068,082  99.68%  1,134,937   0.32%  355,203,019  46,915
 5   Re-elect Alexander Paul Blakeley      353,727,222  99.58%  1,497,226   0.42%  355,224,448  25,486
 6   Re-elect Bert-Jaap Dijkstra           353,727,222  99.58%  1,478,905   0.42%  355,206,127  43,807
 7   Elect Linda Beal                      353,732,974  99.62%  1,355,824   0.38%  355,088,798  161,136
 8   Elect Joanne Williams                 353,963,861  99.68%  1,124,937   0.32%  355,088,798  161,136
 9   Re-elect Cedric Fontenit              335,155,418  94.37%  19,979,534  5.63%  355,134,952  114,982
 10  Elect Gunter Waldner                  353,886,934  99.65%  1,248,018   0.35%  355,134,952  114,982
 11  Re-elect David Neuhauser              354,836,109  99.92%  301,339     0.08%  355,137,448  112,486
 12  Re-elect Jenifer Thien                353,612,287  99.58%  1,476,511   0.42%  355,088,798  161,136
 13  Authority to allot shares             352,973,549  99.37%  2,223,224   0.63%  355,196,773  53,161
 Special resolutions
 14  Disapplication of pre-emption rights  354,578,621  99.82%  625,656     0.18%  355,204,277  45,657
 15  Disapplication of pre-emption rights  354,578,621  99.82%  643,977     0.18%  355,222,598  27,336

 

* A vote withheld is not a vote in law and is not counted for the purposes of
the calculation of the proportion of votes 'For' and 'Against' a resolution.

 

As previously disclosed, Iain McLaren did not seek re-election at the AGM, and
has therefore formally stepped down from Jadestone's Board of Directors.

 

-ends-

 

For further information, please contact:

 

 Jadestone Energy plc
 Paul Blakeley, President and CEO                      +65 6324 0359 (Singapore)
 Bert-Jaap Dijkstra, CFO

 Phil Corbett, Head of Investor Relations              +44 (0) 7713 687467 (UK)
                                                       ir@jadestone-energy.com (mailto:ir@jadestone-energy.com)

 Stifel Nicolaus Europe Limited (Nomad, Joint Broker)  +44 (0) 20 7710 7600 (UK)
 Callum Stewart
 Jason Grossman
 Ashton Clanfield

 Peel Hunt LLP (Joint Broker)                          +44 (0) 20 7418 8900 (UK)
 Richard Crichton
 David McKeown

 Georgia Langoulant

 Camarco (Public Relations Advisor)                    +44 (0) 203 757 4980 (UK)
 Billy Clegg                                           jse@camarco.co.uk (mailto:jse@camarco.co.uk)
 Andrew Turner

 Elfie Kent

 

About Jadestone Energy

 

Jadestone Energy plc is an independent upstream company focused on the
Asia-Pacific region.  It has a balanced and increasingly diversified
portfolio of production and development assets in Australia, Malaysia,
Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive
upstream investment climate.

 

Led by an experienced management team with a track record of delivery, who
were core to the successful growth of Talisman Energy's business in
Asia-Pacific, the Company is pursuing a strategy to grow and diversify the
Company's production base both organically, through developments such as at
Akatara in Indonesia and Nam Du/U Minh in Vietnam, as well as through
acquisitions that fit within Jadestone's financial framework and play to the
Company's strengths in managing maturing oil assets. Jadestone delivers value
in its acquisition strategy by enhancing returns through operating
efficiencies, cost reductions and increased production through further
investment.

 

Jadestone is a responsible operator and well positioned for the energy
transition through its increasing gas production, by maximising recovery from
existing brownfield developments and through its Net Zero pledge on Scope 1
& 2 GHG emissions from operated assets by 2040. This strategy is aligned
with the IEA Net Zero by 2050 scenario, which stresses the necessity of
continued investment in existing upstream assets to avoid an energy crisis and
meet demand for oil and gas through the energy transition.

 

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market
of the London Stock Exchange (AIM: JSE).  The Company is headquartered in
Singapore.  For further information on the Company please visit
www.jadestone-energy.com (http://www.jadestone-energy.com) .

 

This release does not contain inside information.

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