Results of Annual General Meeting 2023

Ithaca Energy PLC

24 May 2023

 

ITHACA ENERGY PLC

(the "Company")

LEI 213800BMMUN3AKWBIO91 

RESULTS OF ANNUAL GENERAL MEETING 2023

The Annual General Meeting of the Company was held today, 24 May 2023 where all resolutions put to shareholders were duly passed and details of the results of the poll are set out below:

No.	Resolution	Votes For	%	Votes Against	%	Votes Total	% of Issued Capital	Votes Withheld
1	Receive the annual report and accounts	961,026,343	100.00%	0	0.00%	961,026,343	95.48%	0
2	Re-appoint Deloitte as auditors	961,026,343	100.00%	0	0.00%	961,026,343	95.48%	0
3	Approve remuneration of the auditors	960,726,343	99.97%	300,000	0.03%	961,026,343	95.48%	0
4	Approve the Directors' Remuneration Policy	957,531,800	99.64%	3,493,618	0.36%	961,025,418	95.48%	925
5	Approve the Annual Remuneration Report	957,720,069	99.66%	3,305,349	0.34%	961,025,418	95.48%	925
6	Re-elect Gilad Myerson	960,172,502	99.91%	853,316	0.09%	961,025,818	95.48%	525
7	Re-elect Alan Bruce	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
8	Re-elect Iain Lewis	960,844,254	99.98%	181,564	0.02%	961,025,818	95.48%	525
9	Re-elect John Mogford	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
10	Re-elect David Blackwood CBE	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
11	Re-elect Lynne Clow	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
12	Re-elect Assaf Ginzburg	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
13	Re-elect Deborah Gudgeon	961,025,818	100.00%	0	0.00%	961,025,818	95.48%	525
14	Elect Itshak Tshuva	960,126,606	99.91%	899,212	0.09%	961,025,818	95.48%	525
15	Re-elect Idan Wallace	960,126,606	99.91%	899,212	0.09%	961,025,818	95.48%	525
16	Authorise Directors to allot shares	956,821,257	99.56%	4,205,086	0.44%	961,026,343	95.48%	0
17	Authority to disapply pre-emption rights*	956,663,761	99.55%	4,361,657	0.45%	961,025,418	95.48%	925
18	Authorise the Company to make market purchase*	957,720,994	99.66%	3,305,349	0.34%	961,026,343	95.48%	0
19	Authorise Directors to call General Meetings by notice of not less than 14 days *	957,714,994	99.66%	3,311,349	0.34%	961,026,343	95.48%	0

Independent Shareholders:

No.	Title	Votes for	%	Votes Against	%	Votes Total	% of Issued Capital
9	Re-elect John Mogford (Independent)	62,805,887	100.00%	0	0.00%	62,805,887	57.97%
10	Re-elect David Blackwood CBE (Independent)	62,805,887	100.00%	0	0.00%	62,805,887	57.97%
11	Re-elect Lynne Clow (Independent)	62,805,887	100.00%	0	0.00%	62,805,887	57.97%
12	Re-elect Assaf Ginzburg (Independent)	62,805,887	100.00%	0	0.00%	62,805,887	57.97%

The resolutions put to shareholders can be found in the Notice of Annual General Meeting, which is available on Ithaca Energy's website at www.ithacaenergy.com

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 9 - 13

6.   The total number of ordinary shares in issue on 24 May 2023 was 1,006,564,976. 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.

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

Q1 2023 Financial Results -Webcast and Conference call

Ithaca Energy will release its Q1 2023 financial results on 31 May 2023 and will host a virtual presentation and Q&A session for investors and analysts at 09:00 (BST) and a further presentation and Q&A session for Bond holders only, which will be held at 13:00 (BST) on the 31 May 2023. Details of both sessions are accessible via our website.

Investor and analysts - Webcast link

https://www.investis-live.com/ithaca-energy/646654b5900ed61400612ad5/meht

Investor and analysts - Conference call

Operator Assisted Dial-In: United Kingdom (Local): [phone] United Kingdom (Toll-Free): [phone] Global Dial-In Numbers Access Code: 921827

Bond holder - Webcast link

https://www.investis-live.com/ithaca-energy/646656096ea6bc0e00602d06/bgfd

Bond holder - Conference call

Operator Assisted Dial-In: United Kingdom (Local): [phone] United Kingdom (Toll-Free): [phone] Global Dial-In Numbers Access Code: 707922

Enquiries

Ithaca Energy
Kathryn Reid - Head of Investor Relations, Corporate Affairs & Communications	[e-mail]
FTI Consulting (PR Advisers to Ithaca Energy)	[phone]
Ben Brewerton / Nick Hennis	[e-mail]

About Ithaca Energy plc

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions in recent years. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the "UKCS"), ranking second by resources.

With stakes in six of the ten largest fields in the UKCS and two of UKCS's largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.

Ithaca Energy serves today's needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithaca Energy's deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.

Ithaca Energy's commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero by 2040.

Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON: ITH) on 14 November 2022.

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