Results of AGM

Jadestone Energy PLC

30 June 2023

 

Results of AGM

30 June 2023 - Singapore: Jadestone Energy plc (the "Company"), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 30 June 2023, resolutions 1-15 as set out in the Company's Notice of AGM dated 7 June 2023 were duly passed on a poll with the results as stated below. 

	Resolution	For	%	Against	%	Total	Withheld*
Ordinary resolutions
1	Annual accounts	338,461,131	89.21%	40,944,481	10.79%	379,405,612	30,191
2	Appointment of auditor	356,290,443	93.90%	23,140,169	6.10%	379,430,612	5,191
3	Auditor's remuneration	379,416,411	100.00%	14,201	0.00%	379,430,612	5,191
4	Re-elect Dennis McShane	336,910,425	88.95%	41,856,247	11.05%	378,766,672	669,131
5	Re-elect Alexander Paul Blakeley	340,619,276	89.77%	38,811,336	10.23%	379,430,612	5,191
6	Re-elect Bert-Jaap Dijkstra	340,553,311	89.75%	38,877,301	10.25%	379,430,612	5,191
7	Re-elect Robert Lambert	359,536,393	94.76%	19,894,219	5.24%	379,430,612	5,191
8	Re-elect Iain McLaren	359,536,393	94.76%	19,894,219	5.24%	379,430,612	5,191
9	Re-elect Lisa Stewart	359,536,393	94.76%	19,894,219	5.24%	379,430,612	5,191
10	Re-elect Cedric Fontenit	308,376,593	81.27%	71,054,019	18.73%	379,430,612	5,191
11	Re-elect David Neuhauser	362,440,327	95.52%	16,990,285	4.48%	379,430,612	5,191
12	Re-elect Jenifer Thien	379,181,831	99.93%	248,781	0.07%	379,430,612	5,191
13	Authority to allot shares	356,138,308	93.86%	23,292,189	6.14%	379,430,497	5,306
Special resolutions
14	Disapplication of pre-emption rights	355,810,414	93.77%	23,620,083	6.23%	379,430,497	5,306
15	Disapplication of pre-emption rights	355,814,164	93.78%	23,618,333	6.22%	379,432,497	3,306

* A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' and 'Against' a resolution.

As announced earlier today, Jadestone's Board withdrew Resolution 16 from the agenda of the AGM. 

-ends-

For further information, please contact:

Jadestone Energy plc
Paul Blakeley, President and CEO	[phone] (Singapore)
Bert-Jaap Dijkstra, CFO Phil Corbett, Investor Relations Manager	[phone] (UK)
	[e-mail]
Stifel Nicolaus Europe Limited (Nomad, Joint Broker)	[phone] (UK)
Callum Stewart
Jason Grossman
Ashton Clanfield
Jefferies International Limited (Joint Broker)	[phone] (UK)
Tony White
Will Soutar
Camarco (Public Relations Advisor)	[phone] (UK)
Billy Clegg	[e-mail]
Georgia Edmonds Elfie Kent

About Jadestone Energy

Jadestone Energy plc is an independent oil and gas company focused on the Asia-Pacific region.  It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Malaysia, Indonesia, Thailand and Vietnam.

The Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 16.67% non-operated interest in the North West Shelf Oil Project offshore Western Australia, comprising four oil fields containing significant upside potential through potential infill drilling and life extension activities.

The Company is the operator of four licences offshore Peninsular Malaysia; two of which are currently producing - the PM323 PSC which produces oil and the PM329 PSC which produces oil and gas. The Company has a non-operated 9.52% interest in the Sinphuhorm producing gas field onshore Thailand.

Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field development, where first production is expected in the first half of 2024.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman's business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia-Pacific region.

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE).  The Company is headquartered in Singapore.  For further information on the Company please visit www.jadestone-energy.com.

This announcement does not contain inside information.

 

END