Result of General Meeting

Afentra PLC

05 October 2023

 

5 October 2023

AFENTRA PLC

Result of General Meeting

Afentra plc ('Afentra' or the 'Company') is pleased to announce that, at a general meeting of the Company held at 10am today, the resolutions to approve (i) the proposed acquisition of interests in Block 3/05 and Block 3/05A from Azule Energy Angola Production B.V. ('Azule') (the 'Azule Acquisition') and (ii) the proposed acquisition of interests in Block 3/05 and Block 23 from Sonangol Pesquisa e Produção ("Sonangol") (the 'Adjusted Sonangol Acquisition'), and together with the Azule Acquisition (the 'Acquisitions), were passed as ordinary resolutions by the requisite majority.  The votes cast on the resolutions were as follows:

	Resolution	For (Number)	For (%)	Against (Number)	Against (%)	Withheld
1.	To approve the Azule  Acquisition	57,604,571	99.98	13,100	0.02	15,930
2.	To approve the Adjusted Sonangol Acquisition	57,604,571	99.98	13,100	0.02	15,930

NOTES:

1.  Proxy appointments which gave discretion to the Chairman of the GM have been included in the "For" total for the appropriate resolution.

2.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

Further details on the Resolutions, and the remaining conditions to completion of the Acquisitions, are contained in the Company's AIM Admission Document published on 18 September 2023 , which is available on the Company's website: https://afentraplc.com/wp-content/uploads/2023/09/c120747CCL.pdf.

Re-admission process and remaining key timings

·      Both Acquisitions anticipated to complete by the end of 2023

·    Admission of enlarged group to trading on AIM expected by the end of 2023

For further information contact:

Afentra plc [phone]

Paul McDade, CEO

Anastasia Deulina, CFO

Buchanan (Financial PR) [phone]

Ben Romney

Barry Archer

George Pope

Peel Hunt LLP (Nominated Advisor and Joint Broker) [phone]

Richard Crichton

David McKeown

Georgia Langoulant

Tennyson Securities (Joint Broker) [phone]

Peter Krens

About Afentra

Afentra plc (AIM:AET) is an upstream oil and gas company focused on opportunities in Africa. The Company's purpose is to support a responsible energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. Afentra has 4% non-operated interests in the producing Block 3/05 and adjacent development Block 3/05A offshore Angola in the Lower Congo Basin. In addition, Afentra maintains a carried interest in the Odewayne Block, onshore southwestern Somaliland.

Inside Information

This announcement contains inside information for the purposes of article 7 of Regulation 2014/596/EU (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) ('UK MAR'). Upon publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain. For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Afentra is Paul McDade, Chief Executive Officer.

 

END