Result of AGM

Sound Energy PLC

28 June 2024

 

28 June 2024

Sound Energy plc

("Sound Energy" or the "Company")

Results of Annual General Meeting ("AGM")

The Directors of Sound Energy, the transition energy company, announces that the resolutions detailed below were put to shareholders at the AGM of the Company held earlier today by way of a poll.

The results of the poll were as follow:

	Resolutions	For	%	Against	%	Withheld
1	To receive the audited annual accounts of the Company for the year ended 31 December 2023	590,772,564	99.96	235,317	0.04	844,920
2	To re-appoint Crowe UK LLP as the Auditor of the Company	590,816,162	99.86	819,502	0.14	217,137
3	To authorise the Directors to determine the remuneration of the Auditors	584,003,177	98.73	7,529,606	1.27	320,018
5	To re-appoint David Blewden as a Director of the Company	562,408,009	95.06	29,202,211	4.94	242,581
6	To give directors authority to allot equity securities	561,910,056	95.00	29,595,608	5.00	347,137
	Special Resolutions:
7	To give directors authority disapply re-emption rights	296,413,406	50.11	295,142,258	49.89	297,137
8	To give directors authority to make market purchases of own shares	583,718,777	98.68	7,806,887	1.32	327,137

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.

Resolution 4, an Ordinary Resolution to re-appoint Simon Ashby-Rudd as a Director of the Company in accordance with Article 131 of the Articles of Association, was withdrawn given Mr Ashby-Rudd's decision to step down from the Board as announced on 14 June 2024.

Resolution 7, a Special Resolution granting the directors authority to allot shares on a non-pre-emptive basis, and which required 75 per cent of the votes cast to be in favour in order to pass, has failed.

Graham Lyon, Executive Chairman, commented:

"It is unfortunate that Resolution 7, to provide customary flexibility in relation any future issues of equity which the Board considered to be in the best interests of shareholders failed to receive the necessary support. Notwithstanding the resultant limitations, the Company will continue to engage with shareholders, including in the event that additional shareholder authority is required."

For further information please contact:

Sound Energy Graham Lyon, Executive Chairman	[e-mail]
Cavendish Capital Markets - Nominated Adviser Ben Jeynes Peter Lynch	Tel: [phone]
Zeus - Broker Simon Johnson	Tel: [phone]
Gneiss Energy Limited - Financial Adviser Jon Fitzpatrick Paul Weidman Doug Rycroft	Tel: [phone]

 

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