Results of AGM

RNS Number : 7419D

Hurricane Energy PLC

30 June 2021

 

30 June 2021

Hurricane Energy plc

("Hurricane", or the "Company")

Results of AGM

Hurricane Energy plc, the UK based oil and gas company, announces the results of its Annual General Meeting ("AGM") held earlier today.

The AGM was held at the Company's Registered Office: The Wharf, Abbey Mill Business Park, Lower Eashing, Godalming, Surrey GU7 2QN at 3.00 p.m. Out of the Resolutions contained in the Notice of Meeting (as circulated to shareholders on 26 May 2021 and available on the Company's website at https://www.hurricaneenergy.com/investors/general-meetings), resolutions 5 and 6 were withdrawn prior to the AGM, resolutions 1-4 were put to the AGM and voted on by way of a poll.

The total number of votes received on each resolution put to the AGM was as follows:

#	Resolution	Votes FOR	%	Votes AGAINST	%	Votes TOTAL	% ISC Voted	Votes WITHELD
1	Receive Annual Report and Group Financial Statements	65,768,385	25.59	191,209,478	74.41	256,977,863	12.90%	301,766,520
2	Re-appoint Deloitte LLP as the Company's auditors	55,943,207	21.77	201,052,684	78.23	256,995,891	12.90%	301,768,420
3	Elect Richard Chaffe	336,008,887	61.18	213,210,675	38.82	549,219,562	27.57%	9,544,749
4	Elect Antony Maris	337,166,285	61.49	211,174,777	38.51	548,341,062	27.53%	10,423,249

Resolution 1, a resolution to receive the Annual Report and Group Financial Statements, is an advisory resolution. As such the Company will proceed with the filing of the Annual Report and Group Financial Statements in line with its statutory duties.

Resolution 2, a resolution to re-appoint Deloitte LLP as the Company's auditors, the Company notes that this resolution was not passed. The Company is considering its options following this outcome and will update the market in due course.

Resolution 3, a resolution to elect Richard Chaffe as a director of the Company, was passed with a majority of 61.18%. Resolution 4, a resolution to elect Antony Maris as a director of the Company, was passed with a majority of 61.49%.

The Board notes the results of these resolutions and the significant vote against them. We have engaged with shareholders to understand their reasons for voting in this way and understand their concerns, in particular in connection with events connected with the Company's proposed Restructuring Plan. The Board will consider further changes to the Board in order to comply with appropriate corporate governance standards in the near term.

Notes:

Computershare Investor Services PLC acted as scrutineer of the poll on all resolutions.

· A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes cast "For" or "Against" the resolution, nor in the calculation of the "% ISC Voted" for any resolution.

· Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM, excluding any "Withheld" votes.

· "% ISC Voted" denotes the votes validly cast for each resolution as a percentage of the issued share capital of 1,991,871,556 shares as at 28 June 2021, being the last date for submission of votes by proxy in advance of the AGM.

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Contacts: 

Hurricane Energy plc Antony Maris, Chief Executive Officer Philip Corbett, Head of Investor Relations	[phone]
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart	[phone]
Investec Bank plc Joint Corporate Broker Chris Sim / Rahul Sharma	[phone]
Vigo Consulting Public Relations Patrick d'Ancona / Ben Simons [e-mail]	[phone]

About Hurricane

Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.

Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.

Visit Hurricane's website at www.hurricaneenergy.com

 

Inside Information

This announcement does not contain inside information.

 

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