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 | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
| Andrew Monk (Corporate Broking) | 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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