Result of General Meeting

RNS Number : 5075T

Energean PLC

20 July 2020

 

Energean plc

("Energean" or the "Company")

Results of General Meeting

London, 20 July 2020  - Energean plc (LSE: ENOG, TASE: ), the gas producer focused on the Mediterranean, today announces that at its General Meeting ("GM") held today at the registered office of the Company, the sole resolution put before the meeting was duly passed.

Details of the voting, which was by way of a poll at the GM,  are shown in the table below and will shortly be available on the Company's website, www.energean.com .

RESOLUTION	VOTES FOR		VOTES AGAINST		VOTES TOTAL	% of ISSUED SHARE CAPITALVOTED	VOTES WITHHELD
	No.	%	No.	%
APPROVAL OF ACQUISITION OF EDISON E&P SpA	149,494,099	100.00	1,028	0.00	149,495,127	84.42%	0

Enquiries

Energean
Kate Sloan, Head of IR & ECM	Tel: [phone]
Sotiris Chiotakis (PR)	Tel: [phone]

About Energean

Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations offshore Israel, Greece and the Adriatic. In August 2017 the Company received Israeli Governmental approval for the FDP for its flagship Karish-Tanin gas development project, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas in 2021. Energean has already signed firm contracts for 5.6 Bcm/yr of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets.

Energean has nine exploration licences offshore Israel, and a 25-year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.

On 4 July 2019, Energean announced the conditional acquisition of Edison E&P for $750 million plus $100 million of contingent consideration. On 23 December 2019, Energean announced the exclusion of the Algerian assets from the transaction. On 29 June 2020, Energean announced the exclusion of the Norwegian subsidiary from the transaction.  The acquisition of Edison E&P, exclusive of the Algerian assets and Norwegian subsidiary, which was the subject of the above resolution, is expected to be completed later in 2020.

www.energean.com

 

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