Cadogan Petroleum Plc - Result of AGM

Cadogan Petroleum plc

Result of Annual General Meeting

The Annual General Meeting of Cadogan Petroleum plc was held today at 2.30pm at the offices of Orega, 70 Gracechurch Street, London, EC3V 0HR.

The Directors of the Company wish to announce that all resolutions proposed at the AGM were passed.  All resolutions were approved by way of a poll vote as follows:-

Resolution	Ordinary/ Special	For		Against		Total votes cast
		No. of votes	%	No. of votes	%
1.    To receive the Annual Financial Report	Ordinary	100,162,706	82.22	21,665,582	17.78	121,828,288
2.    To approve the Directors’ Annual Report on Remuneration	Ordinary	100,135,172	82.19	21,693,116	17.81	121,828,288
3.    To approve the Directors’ Remuneration Policy	Ordinary	100,135,172	82.19	21,693,116	17.81	121,828,288
4.    To re-elect Michel Meeùs as a Director of the Company	Ordinary	93,228,035	76.52	28,600,253	23.48	121,828,288
5.    To re-elect Fady Khallouf as a Director of the Company	Ordinary	93,228,035	76.52	28,600,253	23.48	121,828,288
6.    To re-elect Jacques Mahaux as a Director of the Company	Ordinary	93,228,035	76.52	28,600,253	23.48	121,828,288
7.    To re-elect Lillia Jolibois as a Director of the Company	Ordinary	93,228,035	76.52	28,600,253	23.48	121,828,288
8.    To re-elect Gilbert Lehmann as a Director of the Company	Ordinary	93,228,025	81.12	21,692,116	18.88	114,920,151
9.    To re-appoint BDO LLP as auditor	Ordinary	100,136,172	82.19	21,692,116	17.81	121,828,288
10.  To authorise the Directors to determine the auditor’s fees.	Ordinary	100,136,172	82.19	21,692,116	17.81	121,828,288
11.  To approve the exceptional bonus scheme for the Company’s CEO	Ordinary	93,227,035	76.52	28,601,253	23.48	121,828,288
12.  To authorise the Directors to allot shares.	Ordinary	100,135,172	82.19	21,693,116	17.81	121,828,288
13.  To authorise the Directors to disapply pre-emption rights.	Special	100,136,172	82.19	21,692,116	17.81	121,828,288
14.  To authorise the Company to purchase its own shares.	Special	100,136,172	82.19	21,692,116	17.81	121,828,288
15.  To authorise calling of a general meeting on 14 clear days’ notice.	Special	100,136,172	82.19	21,692,116	17.81	121,828,288

Statement regarding voting results

The Board notes that although resolutions 4 to 7 and 11 were passed with the necessary majority, approximately 23% of votes received were against these resolutions. The Board notes the votes against these resolutions and will endeavour to respond and engage with the shareholders on these matters where appropriate.                                                                        

Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism. 

Ben Harber

Secretary

25^th June 2021

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