14 May 2025
ITHACA ENERGY PLC
(the "Company")
LEI 21380057TNFLXPXBIP34
RESULTS OF ANNUAL GENERAL MEETING 2025
The Directors are pleased to announce that the shareholders of Ithaca Energy plc passed all the resolutions which were set out in the Notice of Annual General Meeting dated 11 April 2025.
Voting on all resolutions was conducted by way of a poll and the details of the results of the poll, including the votes cast by the independent shareholders in relation to resolutions 11-15 are set out below.
A copy of each of the resolutions passed by the Company, other than the resolutions concerning ordinary business will be submitted and made available for inspection at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A copy of the announcement will be posted to the Company's website at https://investors.ithacaenergy.com/shareholder-information/annual-general-meeting
| | 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 2024 | 971,285,328 | 100.00% | 21,836 | 0.00% | 971,307,164 | 39,414 |
| 2 | To approve the Directors' Remuneration Report | 968,269,705 | 99.69% | 3,013,328 | 0.31% | 971,283,033 | 63,545 |
| 3 | To re-appoint Deloitte LLP as auditors to the Company | 971,086,975 | 99.98% | 209,901 | 0.02% | 971,296,876 | 49,702 |
| 4 | To authorise the Audit and Risk Committee to determine the remuneration of the Auditors | 971,118,101 | 99.98% | 189,980 | 0.02% | 971,308,081 | 38,497 |
| 5 | To elect Yaniv Friedman as a Director
| 957,931,175 | 98.63% | 13,308,246 | 1.37% | 971,239,421 | 107,157 |
| 6 | To elect Luciano Vasques as a Director
| 970,958,705 | 99.97% | 260,624 | 0.03% | 971,219,329 | 127,249 |
| 7 | To elect Guido Brusco as a Director
| 963,097,575 | 99.16% | 8,121,754 | 0.84% | 971,219,329 | 127,249 |
| 8 | To elect Francesco Gattei as a Director
| 965,483,155 | 99.41% | 5,731,585 | 0.59% | 971,214,740 | 131,838 |
| 9 | To elect Tamir Polikar as Director | 963,355,706 | 99.19% | 7,839,380 | 0.81% | 971,195,086 | 151,492 |
| 10 | To re-elect Iain Lewis as a Director
| 970,408,787 | 99.92% | 823,425 | 0.08% | 971,232,212 | 114,366 |
| 11 | To re-elect Zvika Zivlin as a Director | 954,848,958 | 98.32% | 16,356,231 | 1.68% | 971,205,189 | 141,389 |
| 12 | To re-elect David Blackwood as a Director | 963,831,072 | 99.24% | 7,394,344 | 0.76% | 971,225,416 | 121,162 |
| 13
| To re-elect Lynne Clow as a Director | 955,747,961 | 98.41% | 15,476,872 | 1.59% | 971,224,833 | 121,745 |
| 14
| To re-elect Assaf Ginzburg as a Director
| 947,147,168 | 97.56% | 23,653,592 | 2.44% | 970,800,760 | 545,818 |
| 15
| To re-elect Deborah Gudgeon as a Director | 970,996,910 | 99.98% | 208,279 | 0.02% | 971,205,189 | 141,389 |
| 16 | To re-elect Itshak Tshuva as a Director | 918,388,275 | 94.56% | 52,810,771 | 5.44% | 971,199,046 | 147,532 |
| 17 | To re-elect Idan Wallace as a Director | 948,971,571 | 97.71% | 22,213,454 | 2.29% | 971,185,025 | 161,553 |
| 18
| To authorise the Directors to allot shares
| 970,632,201 | 99.93% | 651,721 | 0.07% | 971,283,922 | 62,656 |
| 19*
| To authorise the Directors to disapply statutory pre-emption rights
| 965,593,974 | 99.43% | 5,544,776 | 0.57% | 971,138,750 | 207,828 |
| 20*
| To permit the Company to purchase its own shares
| 967,415,394 | 99.60% | 3,871,262 | 0.40% | 971,286,656 | 59,922 |
| 21*
| To allow general meetings to be held on 14 clear days' notice | 971,094,413 | 99.98% | 196,681 | 0.02% | 971,291,094 | 55,484 |
INDEPENDENT SHAREHOLDER VOTES
| | 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 |
| 11 | To re-elect Zvika Zivlin as a Director | 48,066,524 | 74.61% | 16,356,231 | 25.39% | 64,422,755 | 141,389 |
| 12 | To re-elect David Blackwood as a Director | 57,048,638 | 88.53% | 7,394,344 | 11.47% | 64,442,982 | 121,162 |
| 13
| To re-elect Lynne Clow as a Director | 48,965,527 | 75.98% | 15,476,872 | 24.02% | 64,442,399 | 121,745 |
| 14
| To re-elect Assaf Ginzburg as a Director
| 40,364,734 | 63.05% | 23,653,592 | 36.95% | 64,018,326 | 545,818 |
| 15
| To re-elect Deborah Gudgeon as a Director | 64,214,476 | 99.68% | 208,279 | 0.32% | 64,422,755 | 141,389 |
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 UK Listing Rule 6.2.8R, the voting by the independent shareholders is shown separately for Resolutions 11 - 15 (inclusive).
6. The total number of ordinary shares in issue on 14 May 2025 was 1,653,732,455. 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.
Enquiries:
| Ithaca Energy | |
| Kathryn Reid - Head of Investor Relations, Corporate Affairs & Communications | kathryn.reid@ithacaenergy.com |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.