Results of AGM and EGM and Transaction update

RNS Number : 1347V

San Leon Energy PLC

05 August 2022

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS SUPPLEMENTED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON T HE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

5 August 2022

San Leon Energy plc

("San Leon" or the "Company")

Result s of Annual General Meeting and Extraordinary General Meeting

and

Transaction update

Results of the general meetings

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to announce that the Annual General Meeting (the "AGM") and Extraordinary General Meeting (the "EGM") of the shareholders of San Leon were held today at 11.00 am and 11.30 am respectively at Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland.

The Company is pleased to confirm that all of the resolutions proposed at the AGM and the EGM were successfully passed by way of poll without amendment .

The poll votes received from shareholders on each resolution are set out below.

Sequence	Resolution Number	For	For Percent	Against	Against Percent	Withheld	Withheld Percent	Total Votes	Percent Issued Capital
AGM	03/01	388,801,964	100.00%	729	0.00%	31,061	0.01%	388,802,693	86.42%
AGM	03/02A	388,799,542	100.00%	687	0.00%	33,525	0.01%	388,800,229	86.42%
AGM	03/02B	388,798,222	100.00%	4,471	0.00%	31,061	0.01%	388,802,693	86.42%
AGM	03/02C	388,801,796	100.00%	897	0.00%	31,061	0.01%	388,802,693	86.42%
AGM	03/03	388,799,369	100.00%	687	0.00%	33,698	0.01%	388,800,056	86.42%
AGM	03/04	388,799,138	100.00%	868	0.00%	33,748	0.01%	388,800,006	86.42%
AGM	03/05	388,791,625	99.99%	39,047	0.01%	3,082	0.00%	388,830,672	86.42%
AGM	03/06	388,800,607	99.99%	32,542	0.01%	605	0.00%	388,833,149	86.42%
AGM	03/07	388,798,145	99.99%	32,713	0.01%	2,896	0.00%	388,830,858	86.42%
EGM	02/01	388,695,634	100.00%	1,310	0.00%	382	0.00%	388,696,944	86.39%
EGM	02/02	388,664,436	100.00%	1,322	0.00%	31,568	0.01%	388,665,758	86.39%
EGM	02/03	388,695,461	100.00%	1,310	0.00%	555	0.00%	388,696,771	86.39%
EGM	02/04	388,695,461	100.00%	1,310	0.00%	555	0.00%	388,696,771	86.39%
EGM	02/05	388,692,854	100.00%	1,453	0.00%	3,019	0.00%	388,694,307	86.39%
EGM	02/06	388,661,842	99.99%	32,452	0.01%	3,032	0.00%	388,694,294	86.39%

Notes:

1.    Any proxy arrangement which gave discretion to the Chairman has been included in the "for" totals.

2.    A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

3.    The number of shares in issue at 6:30 p.m. on 4 August 2022 was 449,913,026. The Company does not hold any shares in treasury.

Transaction update

The EGM was convened to approve, inter alia:

i)           a series of agreements with Midwestern Oil & Gas Company Limited ("Midwestern") to consolidate Midwestern's holdings in San Leon, Midwestern Leon Petroleum Limited ("MLPL") and Energy Link Infrastructure (Malta) Limited ("ELI") into a single holding in San Leon (together the "Proposed Midwestern Reorganisation"); and

ii)  further conditional investments in ELI (together the "Further ELI Investments").

Further details of the Proposed Midwestern Reorganisation and Further ELI Investments (collectively referred to as the "Proposed Transactions") were set out in the Company's announcement of 8 July 2022 and are contained in the AIM admission document published by the Company on the same day (the "Admission Document"). Unless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Admission Document.

Enquiries:

San Leon Energy plc	[phone]
Oisin Fanning, Chief Executive Julian Tedder, Chief Financial Officer
Allenby Capital Limited (Nominated adviser and joint broker to the Company)	[phone]
Nick Naylor Alex Brearley Vivek Bhardwaj
Panmure Gordon & Co (Joint broker to the Company)	[phone]
James Sinclair-Ford
Tavistock (Financial Public Relations)	[phone]
Nick Elwes Simon Hudson
Plunkett Public Relations	[phone]
Sharon Plunkett

 

END

 

 

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