Pharos Energy PLC Results of Annual General Meeting (1813B)

TIDMPHAR

RNS Number : 1813B

Pharos Energy PLC

08 June 2021

8 June 2021

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

RESULTS OF ANNUAL GENERAL MEETING

The Company announces that at its Annual General Meeting ("AGM") held today, all resolutions put before the meeting were duly passed.

In accordance with LR 9.6.2, copies of resolutions concerning items other than ordinary business are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

On the date of the meeting, Pharos' issued share capital consisted of 451,299,442 ordinary shares of GBP0.05 each with voting rights; 9,122,268 shares were in Treasury and therefore, the total number of voting rights was 442,177,174.

Voting was conducted on a poll, the results of which are shown in the table below and will shortly be available on the Company's website, www.pharos.energy .

 
   Resolution              Votes in                                                       Total 
                           Favour                %             Votes        %             Votes                  Votes 
                           (Including                          Against                    (excluding             Withheld 
                           Discretionary)                                                 votes 
                                                                                          withheld) 
 1. To receive 
  the Annual 
  Report 
  and Accounts 
  for the 
  financial 
  year ended 31 
  December 2020.        218,333,481        100.00%        5,388         0.00%       218,338,869             177,275 
                  =======================  =======  ==================  =====  =====================  =================== 
 2. To approve 
  the Directors' 
  Remuneration 
  Report 
  included 
  in the Annual 
  Report and 
  Accounts 
  for the 
  financial year 
  ended 
  31 December 
  2020.                 210,985,269        96.56%       7,526,738       3.44%       218,512,007              4,136 
                  =======================  =======  ==================  =====  =====================  =================== 
 3. To reappoint 
  John E Martin, 
  who is Chair 
  of the 
  Nominations 
  and ESG 
  Committees, as 
  a Director            217,670,704        99.61%        844,530        0.39%       218,515,234               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 4. To reappoint 
  Edward T 
  Story, 
  who is a 
  member of the 
  Nominations 
  and ESG 
  Committees, as 
  a Director.           218,104,857        99.81%        411,286        0.19%       218,516,143                0 
                  =======================  =======  ==================  =====  =====================  =================== 
 5. To reappoint 
  Janice M 
  Brown, 
  who is a 
  member of the 
  ESG 
  Committee, as 
  a Director.           218,197,605        99.86%        315,629        0.14%       218,513,234              2,910 
                  =======================  =======  ==================  =====  =====================  =================== 
 6. To reappoint 
  Dr Michael 
  J Watts, who 
  is a member of 
  the ESG 
  Committee, as 
  a Director.           218,237,761        99.87%        277,473        0.13%       218,515,234               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 7. To reappoint 
  Robert G Gray, 
  who is a 
  member of the 
  Audit 
  and Risk, 
  Remuneration, 
  Nominations 
  and ESG 
  Committees, as 
  a Director.           218,133,506        99.83%        381,728        0.17%       218,515,234               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 8. To reappoint 
  Marianne 
  Daryabegui, 
  who is a 
  member of the 
  Remuneration, 
  Audit and 
  Risk, 
  Nominations 
  and ESG 
  Committees, as 
  a Director.           218,136,764        99.83%        378,470        0.17%       218,515,234               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 9. To reappoint 
  Lisa Mitchell, 
  who is Chair 
  of the Audit 
  and 
  Risk Committee 
  and a member 
  of the 
  Nominations 
  and ESG 
  Committees, as 
  a Director.           217,854,258        99.70%        660,976        0.30%       218,515,234               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 10. To 
  reappoint 
  Geoffrey 
  Green, 
  who is Chair 
  of the 
  Remuneration 
  Committee and 
  a member of 
  the 
  Audit and 
  Risk, 
  Nominations 
  and ESG 
  Committees, as 
  a Director.           212,338,142        97.17%       6,177,091       2.83%       218,515,233               910 
                  =======================  =======  ==================  =====  =====================  =================== 
 11. To 
  reappoint 
  Deloitte LLP 
  as Auditors to 
  hold office 
  until the 
  conclusion of 
  the 
  next Annual 
  General 
  Meeting 
  at which 
  accounts are 
  laid 
  before the 
  Company.              218,477,427        99.99%         32,420        0.01%       218,509,847              6,296 
                  =======================  =======  ==================  =====  =====================  =================== 
 12. To 
  authorise the 
  Audit 
  and Risk 
  Committee, for 
  and 
  on behalf of 
  the Directors, 
  to agree the 
  Auditors' 
  remuneration.         218,484,361        99.99%         27,502        0.01%       218,511,863              4,280 
                  =======================  =======  ==================  =====  =====================  =================== 
 13. To 
  authorise the 
  Directors 
  to allot 
  securities 
  (s.551 
  of the 
  Companies Act 
  2006).                212,333,627        97.18%       6,165,773       2.82%       218,499,400             16,743 
                  =======================  =======  ==================  =====  =====================  =================== 
 14. To disapply 
  pre-emption 
  rights (s.570 
  and s.573 of 
  the Companies 
  Act 2006)             207,393,666        94.92%       11,102,718      5.08%       218,496,384             19,759 
                  =======================  =======  ==================  =====  =====================  =================== 
 15. To disapply 
  pre-emption 
  rights (s.570 
  and s.573 of 
  the Companies 
  Act 2006) up 
  to a further 
  5% for 
  acquisitions 
  or specified 
  capital 
  investments.          212,584,650        97.29%       5,911,734       2.71%       218,496,384             19,759 
                  =======================  =======  ==================  =====  =====================  =================== 
 16. To 
  authorise the 
  Company 
  to repurchase 
  its own Shares 
  (s.701 of the 
  Companies Act 
  2006).                218,455,049        99.98%         53,798        0.02%       218,508,847              7,296 
                  =======================  =======  ==================  =====  =====================  =================== 
 17. To approve 
  the extension 
  of the Pharos 
  Energy plc 
  Long-Term 
  Incentive 
  Plan.                 214,944,739        98.37%       3,571,405       1.63%       218,516,144                0 
                  =======================  =======  ==================  =====  =====================  =================== 
 18. To 
  authorise the 
  Directors 
  to call 
  general 
  meetings of 
  the Company 
  (other than an 
  annual general 
  meeting) on 
  not less than 
  14 clear days' 
  notice.               218,196,380        99.86%        312,865        0.14%       218,509,245              6,899 
                  =======================  =======  ==================  =====  =====================  =================== 
 

For further information, please contact:

Pharos Energy plc Tel: [phone]

Tony Hunter, Company Secretary

Camarco

Tel: [phone]

Billy Clegg | Owen Roberts | Monique Perks

Notes to editors

Pharos Energy plc is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, which is listed on the London Stock Exchange.

Pharos has production, development and/or exploration interests in Egypt, Vietnam and Israel.

In Egypt, Pharos holds a 100% working interest in the El Fayum oil Concession in the Western Desert. The Concession produces from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 JV between Pharos and the Egyptian General Petroleum Corporation (EGPC). Pharos is also an operator with a 100% working interest in the North Beni Suef (NBS) Concession, which is located immediately south of the El Fayum Concession.

In Vietnam, Pharos has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang (CVN) field located in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Blocks 16-1 and 9-2 are located in the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos also holds a 70% interest in and is designated operator of Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, north east of the Cuu Long Basin, offshore central Vietnam.

In Israel, Pharos together with Cairn Energy plc and Israel's Ratio Oil Exploration, have eight licences offshore Israel. Each party has an equal working interest and Cairn is the operator.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGFPMMTMTJMBJB

(END) Dow Jones Newswires

June 08, 2021 06:34 ET (10:34 GMT)