REG - Reabold Resources - Result of AGM

Reabold ResourcesAnnouncement

28/06/2024 12:00

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RNS Number : 3847U  Reabold Resources PLC  28 June 2024

 

28 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Results of Annual General Meeting

Reabold Resources plc, the investing company focussed on developing strategic
gas projects for European energy security, is pleased to announce that the
resolutions put to shareholders at its Annual General Meeting held earlier
today were duly passed.

The votes cast for each of the resolutions put before the Annual General
Meeting of Reabold were as follows:

 Resolution                                                                Votes For      %      Votes Against  %     Total votes cast (excluding withheld)  % of Issued Share Capital Voted*  Votes Withheld**
 Resolution 1: Report and accounts                                         2,818,864,081  93.40  199,189,214    6.60  3,018,053,295                          29.60%                            13,746,275
 Resolution 2: To re-elect Michael Felton as a director                    2,817,868,573  92.94  213,914,567    7.06  3,031,783,140                          29.74%                            16,430
 Resolution 3: To re-elect Marcos Mozetic as a director                    2,818,025,424  92.95  213,757,716    7.05  3,031,783,140                          29.74%                            16,430
 Resolution 4: Reappointment of auditors                                   2,905,194,871  96.24  113,618,489    3.76  3,018,813,360                          29.61%                            12,986,210
 Resolution 5: Authority to allot shares up to a specified amount          2,784,086,139  92.24  234,358,846    7.76  3,018,444,985                          29.61%                            13,354,585
 Resolution 6: Special resolution: Authority to allot a limited number of  2,782,286,139  91.86  246,483,385    8.14  3,028,769,524                          29.71%                            3,030,046
 shares for cash free of pre-emption rights
 Resolution 7: Special resolution: To make market purchases of own shares  2,770,791,357  91.49  257,710,278    8.51  3,028,501,635                          29.71%                            3,297,935

*     Total voting rights of the shares in issue, excluding the
280,271,717 ordinary shares held in Treasury, was 10,194,413,490. Every
shareholder has one vote for every ordinary share held.

**   Please note a 'vote withheld' is not a vote under English law and is
not counted in the calculation of votes 'for' or 'against' a resolution.

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 James Dance

 Rob Patrick

 Cavendish - Broker                                          +44 (0) 20 7220 0500

 Neil McDonald

 Pearl Kellie

 Camarco                                                    +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Notes to Editors

 

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

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