RNS Number : 1839S
Prospex Energy PLC
12 June 2024
 

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

 

 

12 June 2024

 

Prospex Energy PLC

('Prospex' or the 'Company')

 

Result of Annual General Meeting

 

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held earlier today were duly passed.

 

The total number of votes received on each resolution is as follows:

 

Resolutions

Votes for

%

Votes against

%

Votes total

Votes withheld*

Ordinary Resolution 1

77,737,298

98.84%

909,864

1.16%

78,653,162

20,000

Ordinary Resolution 2

77,736,898

98.82%

930,264

1.18%

78,673,162

0

Ordinary Resolution 3

77,736,898

98.82%

930,264

1.18%

78,673,162

0

Ordinary Resolution 4

45,872,481

58.98%

31,903,169

41.02%

77,781,650

891,512

Special Resolution 5

77,621,871

98.75%

985,087

1.25%

78,612,958

60,204

 

The Company has an active and ongoing dialogue with its shareholders and is mindful of the number of votes cast against resolution number 4 and will therefore continue to engage with shareholders on the forward plans for the company.

 

* * ENDS * *

 

 

For further information visit www.prospex.energy or contact the following:

 

Mark Routh

Prospex Energy PLC

Tel: +44 (0) 20 7236 1177

Ritchie Balmer
Rory Murphy

Strand Hanson Limited

Tel: +44 (0) 20 7409 3494

Andrew Monk (Corporate Broking)
Andrew Raca / Alex Cabral (Corporate Finance)

VSA Capital Limited

Tel: +44 (0) 20 3005 5000

Ana Ribeiro / Susie Geliher

St Brides Partners Limited

Tel: +44 (0) 20 7236 1177

 

Notes

Prospex Energy PLC is an AIM quoted investment company focused on high impact onshore and shallow offshore European opportunities with short timelines to production.  The Company's strategy is to acquire undervalued projects with multiple, tangible value trigger points that can be realised within 12 months of acquisition and then applying low-cost re-evaluation techniques to identify and de-risk prospects.  The Company will rapidly scale up gas production in the short term to generate internal revenues that can then be deployed to develop the asset base and increase production further.

 

 

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