Result of AGM

RNS Number : 1533P

Igas Energy PLC

05 June 2020

 

5 June 2020

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

RESULT OF AGM

RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING (AGM)

IGas announces the result of voting on the resolutions at its AGM held today, Friday 5 June 2020, as set out in the AGM notice.

A poll was held on each of the resolutions and was passed by the required majority.  Resolutions 1 to 7 were passed as ordinary resolutions, Resolutions 8 to 11 were passed as special resolutions.  The results of the poll were as follows:

RESOLUTIONS	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
1.To receive the Company's annual report and accounts for the financial year ended 31 December 2019 together with the reports of the directors and auditors	76,277,037	99.99	5,240	0.01	76,282,277	62.26%	1,530
2. To approve the annual report on remuneration for the year ended 31 December 2019	76,229,788	99.93	50,034	0.07	76,279,822	62.25%	3,985
3. To re-elect Philip Jackson as a director	75,356,091	98.79	923,475	1.21	76,279,566	62.25%	4,241
4. To re-elect Tushar Kumar as a director	75,345,661	98.78	933,215	1.22	76,278,876	62.25%	4,931
5. To re-elect Hans Arstad as a director	76,210,360	99.94	45,582	0.06	76,255,942	62.23%	27,865
6. To re-appoint PricewaterhouseCoopers as auditors and to authorise the directors to fix the remuneration	76,231,204	99.94	44,722	0.06	76,275,926	62.25%	7,761
7. To authorise the Board to allot shares	76,236,783	99.95	40,664	0.05	76,277,447	62.25%	6,360
8. To disapply statutory pre-emption rights	75,347,720	99.82	133,738	0.18	75,481,458	61.60%	802,349
9. To make purchases of own shares	76,242,893	99.95	39,484	0.05	76,282,377	62.26%	1,430
10. To cancel certain deferred shares and entire amount standing to the credit of the share premium account	76,214,149	99.94	44,514	0.06	76,258,663	62.24%	25,135
11. To adopt new articles of association	76,233,922	99.95	39,992	0.05	76,273,914	62.25%	9,893

As at the date of the AGM, the number of issued ordinary shares of the Company was 122,530,246   shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held.  Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total.

The poll results will also be posted on the Company's website.

For further information please contact:

IGas Energy plc  Tel: [phone]

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: [phone]

Sara Hale/Jeremy Ellis/Tejas Padalkar

BMO Capital Markets (Joint Corporate Broker) Tel: [phone]

Tom Rider/Neil Elliot

Canaccord Genuity (Joint Corporate Broker) Tel: [phone]

Henry Fitzgerald-O'Connor/James Asensio

Vigo Communications  Tel: [phone]

Patrick d'Ancona/Chris McMahon 

 

END

 

 

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