28 June 2023
Reabold Resources plc
("Reabold" or the "Company")
Results of Annual General Meeting
Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, is pleased to announce that the resolutions put to shareholders at its Annual General Meeting held earlier today were duly passed.
The votes cast for each of the resolutions put before the Annual General Meeting of Reabold were as follows:
|
Resolution |
Votes For |
% |
Votes Against |
% |
Total votes cast (excluding withheld) |
% of Issued Share Capital Voted* |
Votes Withheld** |
|
Resolution 1: Report and accounts |
2,818,864,081 |
93.40 |
199,189,214 |
6.60 |
3,018,053,295 |
29.60% |
13,746,275 |
|
Resolution 2: To re-elect Michael Felton as a director |
2,817,868,573 |
92.94 |
213,914,567 |
7.06 |
3,031,783,140 |
29.74% |
16,430 |
|
Resolution 3: To re-elect Marcos Mozetic as a director |
2,818,025,424 |
92.95 |
213,757,716 |
7.05 |
3,031,783,140 |
29.74% |
16,430 |
|
Resolution 4: Reappointment of auditors |
2,905,194,871 |
96.24 |
113,618,489 |
3.76 |
3,018,813,360 |
29.61% |
12,986,210 |
|
Resolution 5: Authority to allot shares up to a specified amount |
2,784,086,139 |
92.24 |
234,358,846 |
7.76 |
3,018,444,985 |
29.61% |
13,354,585 |
|
Resolution 6: Special resolution: Authority to allot a limited number of shares for cash free of pre-emption rights |
2,782,286,139 |
91.86 |
246,483,385 |
8.14 |
3,028,769,524 |
29.71% |
3,030,046 |
|
Resolution 7: Special resolution: To make market purchases of own shares |
2,770,791,357 |
91.49 |
257,710,278 |
8.51 |
3,028,501,635 |
29.71% |
3,297,935 |
* Total voting rights of the shares in issue, excluding the 280,271,717 ordinary shares held in Treasury, was 10,194,413,490. Every shareholder has one vote for every ordinary share held.
** Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.
For further information, contact:
|
Reabold Resources plc Sachin Oza Stephen Williams
|
c/o Camarco +44 (0) 20 3757 4980
|
|
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick
Cavendish - Broker Neil McDonald Pearl Kellie
|
+44 (0) 20 7409 3494
+44 (0) 20 7220 0500 |
|
Camarco Billy Clegg Rebecca Waterworth Sam Morris
|
+44 (0) 20 3757 4980
|
Notes to Editors
Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.
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