Result of AGM

Reabold Resources PLC

28 June 2024

 

28 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Results of Annual General Meeting

Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, is pleased to announce that the resolutions put to shareholders at its Annual General Meeting held earlier today were duly passed.

The votes cast for each of the resolutions put before the Annual General Meeting of Reabold were as follows:

Resolution	Votes For	%	Votes Against	%	Total votes cast (excluding withheld)	% of Issued Share Capital Voted*	Votes Withheld**
Resolution 1: Report and accounts	2,818,864,081	93.40	199,189,214	6.60	3,018,053,295	29.60%	13,746,275
Resolution 2: To re-elect Michael Felton as a director	2,817,868,573	92.94	213,914,567	7.06	3,031,783,140	29.74%	16,430
Resolution 3: To re-elect Marcos Mozetic as a director	2,818,025,424	92.95	213,757,716	7.05	3,031,783,140	29.74%	16,430
Resolution 4: Reappointment of auditors	2,905,194,871	96.24	113,618,489	3.76	3,018,813,360	29.61%	12,986,210
Resolution 5: Authority to allot shares up to a specified amount	2,784,086,139	92.24	234,358,846	7.76	3,018,444,985	29.61%	13,354,585
Resolution 6: Special resolution: Authority to allot a limited number of shares for cash free of pre-emption rights	2,782,286,139	91.86	246,483,385	8.14	3,028,769,524	29.71%	3,030,046
Resolution 7: Special resolution: To make market purchases of own shares	2,770,791,357	91.49	257,710,278	8.51	3,028,501,635	29.71%	3,297,935

*     Total voting rights of the shares in issue, excluding the 280,271,717 ordinary shares held in Treasury, was 10,194,413,490. Every shareholder has one vote for every ordinary share held.

**   Please note a 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

For further information, contact:

Reabold Resources plc Sachin Oza Stephen Williams	c/o Camarco [phone]
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick Cavendish - Broker Neil McDonald Pearl Kellie	[phone]  [phone]
Camarco Billy Clegg Rebecca Waterworth Sam Morris	[phone]

Notes to Editors

Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.

 

END