26 June 2024
ITHACA ENERGY PLC
(the "Company")
LEI 21380057TNFLXPXBIP34
AMENDED RESULTS OF ANNUAL GENERAL MEETING 2024
As noted in the announcement issued following the Annual General Meeting of the Company held on Monday 24 June, all resolutions put to shareholders were duly passed. The details of the results of the poll, including the votes cast by the independent shareholders in relation to resolutions 8-11 and 14, are set out below:
| | Resolution | Total For | Total Against | Total Votes Cast | Withheld | ||
| | | No. of Votes | % of Vote | No. of Votes | % of Vote | No. of Votes | No. of Votes |
| 1 | To receive the Annual Report and Financial Accounts for the year ended 31 December 2023 | 938,197,303 | 100.00 | 4,189 | 0.00 | 938,201,492 | 433,827 |
|
2 | To re-appoint Deloitte LLP as auditors to the Company | 938,529,873 | 99.99 | 88,124 | 0.01 | 938,617,997 | 17,322 |
|
3 |
To authorise the Audit and Risk Committee to determine the remuneration of the Auditors | 938,612,545 | 100.00 | 4,624 | 0.00 | 938,617,169 | 18,150 |
|
5 |
To approve the Directors' Remuneration Report | 907,173,358 | 96.93 | 28,693,659 | 3.07 | 935,867,017 | 2,768,302 |
|
7 |
To re-elect Iain Lewis as a Director
| 938,596,180 | 100.00 | 8,733 | 0.00 | 938,604,913 | 30,406 |
|
8 |
To re-elect David Blackwood CBE as a Director | 927,174,417 | 98.78 | 11,430,496 | 1.22 | 938,604,913 | 30,406 |
|
9 | To re-elect Lynne Clow as a Director | 921,730,918 | 98.20 | 16,884,951 | 1.80 | 938,615,869 | 19,450 |
|
10 |
To re-elect Assaf Ginzburg as a Director
| 924,210,009 | 98.47 | 14,394,904 | 1.53 | 938,604,913 | 30,406 |
|
11 |
To re-elect Deborah Gudgeon as a Director | 926,548,982 | 98.72 | 12,055,929 | 1.28 | 938,604,913 | 30,406 |
|
12 | To re-elect Itshak Tshuva as a Director | 933,673,493 | 99.47 | 4,931,420 | 0.53 | 938,604,913 | 30,406 |
|
13 | To re-elect Idan Wallace as a Director | 934,382,338 | 99.55 | 4,222,575 | 0.45 | 938,604,913 | 30,406 |
|
14 | To elect Zvika Zivlin as a Director | 938,559,315 | 100.00 | 45,598 | 0.00 | 938,604,913 | 30,406 |
|
15 |
To authorise the Directors to allot shares
| 938,412,338 | 99.98 | 205,831 | 0.02 | 938,618,169 | 17,150 |
| 16*
17*
18*
| To authorise the Directors to disapply statutory pre-emption rights
To permit the Company to purchase its own shares
To allow general meetings to be held on 14 clear days' notice |
936,128,104
937,396,989
938,566,977
|
99.73
99.87
99.99 |
2,488,947
1,223,330
51,192 |
0.27
0.13
0.01 |
938,617,051
938,620,319
938,618,169 |
18,268
15,000
17,150 |
| | | | | | | | |
INDEPENDENT SHAREHOLDER VOTES
| | Resolution | Independent shareholders For | | Independent shareholders Against | |
| | | No. of votes | % of vote | No. of votes | % of vote |
|
8 |
To re-elect David Blackwood CBE as a Director | 28,954,486 | 71.70 | 11,430,496 | 28.30 |
|
9 | To re-elect Lynne Clow as a Director | 23,510,987 | 58.20 | 16,884,951 | 41.80 |
|
10 |
To re-elect Assaf Ginzburg as a Director
| 25,990,078 | 64.36 | 14,394,904 | 35.64 |
|
11 |
To re-elect Deborah Gudgeon as a Director | 28,329,051 | 70.15 | 12,055,929 | 29.85 |
|
14 | To elect Zvika Zivlin as a Director | 40,339,384 | 99.89 | 45,598 | 0.11 |
NOTES:
1. * indicates a Special Resolution requiring 75% of votes cast to be carried.
2. Votes "For" and "Against" are expressed as a percentage of votes cast.
3. Votes "For" include discretionary votes.
4. A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
5. In accordance with Listing Rule 9.2.2ER, the voting by the independent shareholders is shown separately for Resolutions 8 - 11 (inclusive) and Resolution 14 in the second table above.
6. The total number of ordinary shares in issue on 24 June 2024 was 1,014,372,281. Ordinary shareholders are entitled to one vote per share held.
7. The full text of each resolution is contained in the Notice of Annual General Meeting which can be found on the Company's website.
8. It was announced on 28 May 2024 that Gilad Myerson had stepped down from the Board with immediate effect. As the Company's AGM Notice had already been issued, the Chairman of the meeting sought the consent of the Shareholders in attendance to withdraw the resolution to re-elect Gilad Myerson as an Executive Director of the Company (Resolution 6) and as a consequence of the changes to the Board, the Chairman of the meeting sought the consent of the Shareholders to withdraw the resolution to approve the proposed Director's Remuneration Policy (Resolution 4). Consent to withdraw the Resolutions were granted and accordingly, Resolution 4 and 6 were withdrawn.
The withdrawal of Resolutions 4 and 6 did not otherwise affect the validity of the Notice of Meeting, the proxy form or any proxy votes already submitted on other proposed resolutions. The numbering of all other proposed resolutions at the AGM remained unchanged and is reflected in the tables above.
In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Enquiries:
| Ithaca Energy | |
| Kathryn Reid - Head of Investor Relations, Corporate Affairs & Communications |
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