Energean PLC, a leading oil and gas company, recently held its Annual General Meeting (AGM) where all resolutions were successfully passed. The voting results for each resolution were detailed, with the majority of votes in favor of the proposed actions. Notably, some resolutions, such as those related to the allotment of shares and pre-emption rights, received less than 80% of the votes in favor. The company plans to engage with shareholders to understand the reasons behind these outcomes and will provide an update on the received views and any actions taken within the next six months, in line with the 2018 UK Corporate Governance Code.
The AGM saw the re-appointment of several key individuals, including K. Simon, M. Rigas, P. Benos, A. Bartlett, A. Lashinsky, A. Persianis, E. Topouzoglou, K. Wood, and the appointment of M. Houston. Additionally, the remuneration of auditors and the remuneration report were approved with overwhelming support. However, resolutions related to the allotment of shares and pre-emption rights received mixed support, prompting the company to seek further understanding from shareholders.
Energean PLC plans to engage with shareholders over the coming months to better comprehend the reasons behind the votes against certain resolutions. The company will provide an update on the received views and any actions taken within the next six months, as per the 2018 UK Corporate Governance Code. A final summary of the views heard during consultation will be published within next year's annual report.
For further information, the company has provided contact details for inquiries related to capital markets and media. Kyrah McKenzie, the Investor Relations Manager, can be reached at [email protected], and Paddy Blewer, the Director of Corporate Communications & Head of CSR, can be contacted at [email protected].