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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prospex Energy Plc | AQSE:PXEN.GB | Aquis Stock Exchange | Ordinary Share | GB00BMFZVZ53 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.75 | 8.00 | 9.50 | 9.35 | 7.45 | 8.75 | 362,848 | 16:29:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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a general meeting requisition request received from Jarvis Investment Management Limited and resolutions 9 and 10 were withdrawn.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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