14 May 2019 15:00
IGas Energy plc
14 May 2019
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING
IGas Energy plc (the "Company") announces the result of voting on the resolutions at its Annual General Meeting ("AGM") held on Tuesday 14 May 2019, 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 6 were passed as ordinary resolutions, Resolution 7 was passed as a special resolution. The results of the poll were as follows:
RESOLUTION | 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 2018 together with the reports of the directors and auditors | 77,075,582 | 100.00 | 1,650 | 0.00 | 77,078,382 | 63.08 | 1,150 |
2. To approve the annual report on remuneration for the year ended 31 December 2018 | 77,029,216 | 99.94 | 45,926 | 0.06 | 77,075,142 | 63.08 | 3,240 |
3. To re-elect Stephen Bowler as a director | 77,046,032 | 99.96 | 30,560 | 0.04 | 77,076,592 | 63.08 | 1,790 |
4. To re-elect Cuth McDowell as a director | 77,065,845 | 99.99 | 10,707 | 0.01 | 77,076,552 | 63.08 | 1,830 |
5. To re-appoint PricewaterhouseCoopers as auditors and to authorise the directors to fix the remuneration | 77,070,514 | 99.99 | 3,950 | 0.01 | 77,074,461 | 63.08 | 3,918 |
6. To authorise the Board to allot shares | 77,037,690 | 99.95 | 37,022 | 0.05 | 77,074,712 | 63.08 | 3,670 |
7. To disapply statutory pre-emption rights | 70,585,260 | 94.03 | 4,482,019 | 5.97 | 75,067,279 | 61.43 | 2,011,103 |
As at the date of the AGM, the number of issued ordinary shares of the Company was 122,194,545 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.
There were no restrictions on any shareholder casting votes on any of the resolutions proposed at the AGM. The scrutineer of the poll was Computershare Investor Services Plc, the Company's Registrars.
For further information please contact:
IGas Energy plc
Tel: +44 (0)20 7993 9899
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: +44 (0)20 7597 5970
Sara Hale/Jeremy Ellis/Neil Coleman
Canaccord Genuity (Joint Corporate Broker)
Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
Vigo Communications
Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Chris McMahon