REG - Prospex Energy PLC - Result of AGM

Prospex EnergyAnnouncement

12/06/2024 13:15

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RNS Number : 1839S  Prospex Energy PLC  12 June 2024

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

 

12 June 2024

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Result of Annual General Meeting

 

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on
European gas and power projects, is pleased to announce that all resolutions
proposed to shareholders at the Company's AGM held earlier today were duly
passed.

 

The total number of votes received on each resolution is as follows:

 

 Resolutions            Votes for   %       Votes against  %       Votes total  Votes withheld*
 Ordinary Resolution 1  77,737,298  98.84%  909,864        1.16%   78,653,162   20,000
 Ordinary Resolution 2  77,736,898  98.82%  930,264        1.18%   78,673,162   0
 Ordinary Resolution 3  77,736,898  98.82%  930,264        1.18%   78,673,162   0
 Ordinary Resolution 4  45,872,481  58.98%  31,903,169     41.02%  77,781,650   891,512
 Special Resolution 5   77,621,871  98.75%  985,087        1.25%   78,612,958   60,204

 

The Company has an active and ongoing dialogue with its shareholders and is
mindful of the number of votes cast against resolution number 4 and will
therefore continue to engage with shareholders on the forward plans for the
company.

 

* * ENDS * *

 

 

For further information visit www.prospex.energy (http://www.prospex.energy/)
or contact the following:

 

 Mark Routh                                      Prospex Energy PLC          Tel: +44 (0) 20 7236 1177
 Ritchie Balmer                                  Strand Hanson Limited       Tel: +44 (0) 20 7409 3494

Rory Murphy
 Andrew Monk (Corporate Broking)                 VSA Capital Limited         Tel: +44 (0) 20 3005 5000

Andrew Raca / Alex Cabral (Corporate Finance)
 Ana Ribeiro / Susie Geliher                     St Brides Partners Limited  Tel: +44 (0) 20 7236 1177

 

Notes

Prospex Energy PLC is an AIM quoted investment company focused on high impact
onshore and shallow offshore European opportunities with short timelines to
production.  The Company's strategy is to acquire undervalued projects with
multiple, tangible value trigger points that can be realised within 12 months
of acquisition and then applying low-cost re-evaluation techniques to identify
and de-risk prospects.  The Company will rapidly scale up gas production in
the short term to generate internal revenues that can then be deployed to
develop the asset base and increase production further.

 

 

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