Harbour Energy PLC has successfully obtained shareholder approval for the proposed acquisition of Wintershall Dea AG's upstream oil and gas assets. The General Meeting, held at the offices of Clifford Chance LLP in London, saw all resolutions related to the acquisition duly approved without amendment by the requisite majorities of Harbour's shareholders eligible to vote on the resolutions. The total number of votes received on each resolution was disclosed, with overwhelming support for the acquisition and related matters.
The acquisition, which remains subject to the satisfaction of certain other conditions as described in the Circular, is expected to be completed in Q4 2024. The approval marks a significant step forward in Harbour's strategic expansion plans and underscores the confidence of its shareholders in the proposed acquisition.
The resolutions put to the General Meeting included the approval of the acquisition, the Rule 9 waiver granted by the Panel on Takeovers and Mergers, and the authorization for the directors to allot relevant securities in connection with the acquisition. The percentages of votes for and against each resolution were provided, demonstrating strong support from the shareholders for the proposed acquisition.
The total number of Harbour ordinary shares in issue on the deadline for casting votes by proxy in advance of the General Meeting was disclosed, along with the percentage of voting capital instructed in respect of the resolutions put to the General Meeting. Additionally, in compliance with the Financial Conduct Authority's Listing Rule 9.6.2, all resolutions passed will be submitted to the National Storage Mechanism for public viewing.
For further information, enquiries can be directed to Rachel Rickard, Company Secretary at Harbour Energy PLC.