REG - Pennpetro Energy PLC - Result of AGM

Pennpetro EnergyAnnouncement

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RNS Number : 2983D  Pennpetro Energy PLC  06 May 2026

6 May 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Result of Annual General Meeting

Pennpetro Energy plc (LSE: PPP), the company focused on developing strategic
energy projects, announces the results of the Annual General Meeting ("AGM")
of the Company held earlier today.  Voting was by way of a poll.

The following table shows the votes cast on each resolution:

             Resolution*                                                                   Votes For   %       Votes Against  %       Votes Withheld***
 1.          To receive the Company's financial statements and annual accounts for the     42,778,279  73.90%  15,106,571     26.10%  166,859
             financial year ended 31 March 2025
 2.          To approve the Directors' Remuneration Report set out inthe Company's annual  42,356,626  72.99%  15,673,310     27.01%  21,773
             report for the financial year ended 31 March 2025
 3.          To approve the Directors' Remuneration Policy contained in the Directors'     40,435,775  69.75%  17,533,629     30.25%  82,305
             Remuneration Report (for the period ended 31 March 2025)
 4.          To re-appoint Crowe U.K. LLP as auditors of the Company                       42,758,235  74.39%  14,717,246     25.61%  576,228
 5.          To authorise the Directors to fix the auditors' remuneration                  42,949,416  74.01%  15,080,520     25.99%  21,773
 6.          To re-elect Richard Spinks as a director of the Company                       40,271,841  69.40%  17,755,300     30.60%  24,568
 7.          To re-elect Mavriky Kalugin as a director of the Company                      41,065,046  70.84%  16,904,358     29.16%  82,305
 8.          To re-elect Olof Nils Rapp as a director of the Company                       39,419,092  68.32%  18,282,399     31.68%  350,218
 9.          To re-elect Sergiy Lesyk as a director of the Company                         40,688,230  70.27%  17,211,451     29.73%  152,028

 10.         Authority to allot shares for cash                                            39,882,788  68.91%  17,990,106     31.09%  178,815
 11.         Authority to allot shares otherwise than for cash                             39,328,333  68.61%  17,990,106     31.39%  733,270
 12.         Disapplication of pre-emption rights**                                        39,300,520  68.56%  18,020,714     31.44%  730,475
 13.         Authority to make market purchases of ordinary shares**                       40,371,963  69.57%  17,657,973     30.43%  21,773
 14.         Authority to call a general meeting on 14 days' notice**                      42,648,012  73.49%  15,381,924     26.51%  21,773

 

* The full text of the resolutions is given in the Notice of AGM which is
available at https://pennpetroenergy.co.uk/notices-%26-reports
(https://pennpetroenergy.co.uk/notices-%26-reports) . As at the record date
for eligibility to vote at the Company's Annual General Meeting, the Company
had 112,299,089 Ordinary Shares in issue.  Accordingly, the Company's total
number of voting rights was 112,299,089.

** Indicates a Special Resolution requiring a 75% majority of the votes cast.

*** Votes 'Withheld' are not a vote in law and have not been counted in the
calculation of the votes % 'For' and % votes 'Against' the resolutions.

All ordinary resolutions were duly passed. Special resolutions 12,13 and 14
were not passed.

 

For further information, contact:

 Pennpetro Energy Plc                      c/o Camarco

 Richard Spinks | Mavriky Kalugin

 SPARK Advisory - Financial Advisor        +44 (0) 20 3368 3550

 Andrew Emmott | James Keeshan
 Oak Securities - Broker                   +44 (0) 20 3973 2678

 Jerry Keen, Head of Corporate Broking
 Camarco - Financial PR                    +44 (0) 20 3757 4980

 Andrew Turner | Fergus Young              ppp@camarco.co.uk (mailto:ppp@camarco.co.uk)

 

 

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