Ithaca Energy PLC Results of Annual General Meeting 2023 (5582A)

TIDMITH TIDMTTM

RNS Number : 5582A

Ithaca Energy PLC

24 May 2023

ITHACA ENERGY PLC

(the "Company")

LEI 213800BMMUN3AKWBIO91

RESULTS OF ANNUAL GENERAL MEETING 2023

The Annual General Meeting of the Company was held today, 24 May 2023 where all resolutions put to shareholders were duly passed and details of the results of the poll are set out below:

 
No.                   Resolution    Votes For     %         Votes      %  Votes Total  % of Issued      Votes 
                                                          Against                          Capital   Withheld 
     Receive the annual 
 1    report and accounts         961,026,343  100.00%          0  0.00%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-appoint Deloitte 
 2    as auditors                 961,026,343  100.00%          0  0.00%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Approve remuneration 
 3    of the auditors             960,726,343   99.97%    300,000  0.03%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Approve the Directors' 
 4    Remuneration Policy         957,531,800   99.64%  3,493,618  0.36%  961,025,418       95.48%        925 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Approve the Annual 
 5    Remuneration Report         957,720,069   99.66%  3,305,349  0.34%  961,025,418       95.48%        925 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Gilad 
 6    Myerson                     960,172,502   99.91%    853,316  0.09%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Alan 
 7    Bruce                       961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Iain 
 8    Lewis                       960,844,254   99.98%    181,564  0.02%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect John 
 9    Mogford                     961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect David 
10    Blackwood CBE               961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Lynne 
11    Clow                        961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Assaf 
12    Ginzburg                    961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Deborah 
13    Gudgeon                     961,025,818  100.00%          0  0.00%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
14   Elect Itshak Tshuva          960,126,606   99.91%    899,212  0.09%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Re-elect Idan 
15    Wallace                     960,126,606   99.91%    899,212  0.09%  961,025,818       95.48%        525 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Authorise Directors 
16    to allot shares             956,821,257   99.56%  4,205,086  0.44%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Authority to disapply 
17    pre-emption rights*         956,663,761   99.55%  4,361,657  0.45%  961,025,418       95.48%        925 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Authorise the 
      Company to make 
18    market purchase*            957,720,994   99.66%  3,305,349  0.34%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
     Authorise Directors 
      to call General 
      Meetings by notice 
      of not less than 
19    14 days *                   957,714,994   99.66%  3,311,349  0.34%  961,026,343       95.48%          0 
     ---------------------------  -----------  -------  ---------  -----  -----------  -----------  --------- 
 

Independent Shareholders:

 
No.                     Title   Votes for        %  Votes Against    %    Votes Total  % of Issued 
                                                                                           Capital 
      Re-elect John 
 9     Mogford (Independent)   62,805,887  100.00%              0  0.00%   62,805,887       57.97% 
      -----------------------  ----------  -------  -------------  -----  -----------  ----------- 
      Re-elect David 
       Blackwood CBE 
 10    (Independent)           62,805,887  100.00%              0  0.00%   62,805,887       57.97% 
      -----------------------  ----------  -------  -------------  -----  -----------  ----------- 
      Re-elect Lynne 
 11    Clow (Independent)      62,805,887  100.00%              0  0.00%   62,805,887       57.97% 
      -----------------------  ----------  -------  -------------  -----  -----------  ----------- 
      Re-elect Assaf 
  12   Ginzburg (Independent)  62,805,887  100.00%              0  0.00%   62,805,887       57.97% 
      -----------------------  ----------  -------  -------------  -----  -----------  ----------- 
 

The resolutions put to shareholders can be found in the Notice of Annual General Meeting, which is available on Ithaca Energy's website at www.ithacaenergy.com

NOTES:

   1.   * indicates a Special Resolution requiring 75% of votes cast to be carried. 
   2.   Votes "For" and "Against" are expressed as a percentage of votes cast. 
   3.   Votes "For" include discretionary votes. 

4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

5. In accordance with Listing Rule 9.2.2ER, the voting by the independent shareholders is shown separately for Resolutions 9 - 13

6. The total number of ordinary shares in issue on 24 May 2023 was 1,006,564,976. Ordinary shareholders are entitled to one vote per share held.

7. The full text of each resolution is contained in the Notice of Annual General Meeting which can be found on the Company's website.

In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Q1 2023 Financial Results -Webcast and Conference call

Ithaca Energy will release its Q1 2023 financial results on 31 May 2023 and will host a virtual presentation and Q&A session for investors and analysts at 09:00 (BST) and a further presentation and Q&A session for Bond holders only, which will be held at 13:00 (BST) on the 31 May 2023. Details of both sessions are accessible via our website.

Investor and analysts - Webcast link

https://www.investis-live.com/ithaca-energy/646654b5900ed61400612ad5/meht

Investor and analysts - Conference call

Operator Assisted Dial-In: United Kingdom (Local): [phone] United Kingdom (Toll-Free): [phone] Global Dial-In Numbers Access Code: 921827

Bond holder - Webcast link

https://www.investis-live.com/ithaca-energy/646656096ea6bc0e00602d06/bgfd

Bond holder - Conference call

Operator Assisted Dial-In: United Kingdom (Local): [phone] United Kingdom (Toll-Free): [phone] Global Dial-In Numbers Access Code: 707922

Enquiries

 
 Ithaca Energy 
 Kathryn Reid - Head of Investor Relations,    [e-mail] 
  Corporate Affairs & Communications 
 
 FTI Consulting (PR Advisers to Ithaca 
  Energy)                                                [phone] 
 Ben Brewerton / Nick Hennis                        [e-mail] 
 
 

About Ithaca Energy plc

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions in recent years. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the "UKCS"), ranking second by resources.

With stakes in six of the ten largest fields in the UKCS and two of UKCS's largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.

Ithaca Energy serves today's needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithaca Energy's deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.

Ithaca Energy's commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero by 2040.

Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON: ITH) on 14 November 2022.

-ENDS-

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