3 Jun 2020 13:02
3 June 2020
Hurricane Energy plc
("Hurricane" or the "Company")
Results of Annual General Meeting
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that all resolutions put to shareholders at the Annual General Meeting ("AGM") of the Company held earlier today were duly passed.
The AGM was held at the Company's Registered Office: The Wharf, Abbey Mill Business Park, Lower Eashing, Godalming, Surrey GU7 2QN at 11.00 a.m. Each of the resolutions contained in the Notice of Meeting (as circulated to shareholders on 27 April 2020 and available on the Company's website at https://www.hurricaneenergy.com/investors/general-meetings) were put to the AGM, voted on by way of a poll, and duly approved.
The total number of votes received on each resolution put to the AGM was as follows:
# | Resolution | VotesFOR | % | Votes AGAINST | % | Votes TOTAL | % ISC Voted | Votes WITHELD |
1 | Receive Annual Report and Group Financial Statements | 871,607,075 | 99.44 | 4,901,102 | 0.56 | 876,508,177 | 44.00 | 20,884,805 |
2 | Re-appoint Deloitte LLP as the Company's auditors | 870,877,964 | 99.92 | 657,510 | 0.08 | 871,535,474 | 43.75 | 25,892,623 |
3 | Elect Beverley Smith | 875,176,257 | 99.85 | 1,286,386 | 0.15 | 876,462,643 | 44.00 | 20,965,454 |
4 | Re-elect Dr David Jenkins | 874,634,091 | 99.79 | 1,818,667 | 0.21 | 876,452,758 | 44.00 | 20,975,339 |
5 | Re-elect Neil Platt | 874,938,785 | 99.82 | 1,588,973 | 0.18 | 876,527,758 | 44.01 | 20,900,339 |
6 | Renew authority to allot shares in the Company | 874,532,250 | 99.77 | 1,990,488 | 0.23 | 876,522,738 | 44.00 | 20,904,819 |
7 | Authority to allot shares for cash free of pre-emptive rights * | 874,610,666 | 99.77 | 2,044,753 | 0.23 | 876,655,419 | 44.01 | 20,826,874 |
Notes:
Computershare Investor Services PLC acted as scrutineer of the poll on all resolutions.
· * denotes Special Resolution and requires at least 75% of shareholders' votes to be cast in favour of the resolution.
· A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes cast "For" or "Against" the resolution, nor in the calculation of the "% ISC Voted" for any resolution.
· Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM, excluding any "Withheld" votes.
· "% ISC Voted" denotes the votes validly cast for each resolution as a percentage of the issued share capital of 1,991,871,556 shares as at 1 June 2020, being the last date for submission of votes by proxy in advance of the AGM.
Contacts:
Hurricane Energy plc Dr Robert Trice, Chief Executive Officer
| +44 (0)1483 862 820 |
Stifel Nicolaus Europe Limited Nominated Adviser & Joint Corporate Broker Callum Stewart / Ashton Clanfield
| +44 (0)20 7710 7600 |
Morgan Stanley & Co. International plc Joint Corporate Broker Andrew Foster / Tom Perry / Alex Smart
| +44 (0)20 7425 8000 |
Vigo Communications Public Relations Patrick d'Ancona / Ben Simons hurricane@vigocomms.com | +44 (0)20 7390 0230 |
About Hurricane
Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.
The Lancaster field (100% owned by Hurricane) is the UK's first producing basement field. Hurricane is pursuing a phased development of Lancaster, starting with an Early Production System consisting of two wells tied-back to the Aoka Mizu FPSO. Hydrocarbons were introduced to the FPSO system on 11 May 2019 and the first oil milestone was achieved on 4 June 2019.
In September 2018, Spirit Energy Limited farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development.
Glossary
FPSO | Floating production storage and offloading vessel |
Inside Information
This announcement does not contain inside information.